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Bennelong, Leadenhall launch ILS fund

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... Leadenhall Capital Partners' insurance-linked securities (ILS) product, as distributed by Bennelong Funds Management, is now available to institutional investors. The LCP Insurance Linked Securities Fund targets institutional investors in Australia ...

HUB24 sees profits jump 15%

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... into FY25 HUB24 in well-positioned for ongoing success." HUB24 said it expects continued strong net inflows with the company now targeting a platform FUA range of $115 billion to $123 billion by FY26. HUB24 chief executive Andrew Alcock praised the company's ...

Financial Standard opens Power50 voting

STAFF WRITER  |  MONDAY, 19 AUG 2024
Voting is now open for the 2024 Financial Standard Power50, which recognises the most influential financial advisers in Australia. Financial Standard has shortlisted 114 financial advisers who have progressed to the voting stage after receiving more ...

ART appoints chief financial officer, promotes managers

ELIZABETH FRY  |  FRIDAY, 16 AUG 2024
... from QIC, where she served as an investment director for state investments. McHugh previously worked at First State Super (now Aware Super), where she spent more than five years as a portfolio manager focusing on strategy and liquid alternatives. The ...

State Street receives Shariah-compliant certificate

MATTHEW WAI  |  FRIDAY, 16 AUG 2024
State Street Corporation now offers Shariah-compliant global custody and fund administration services. The announcement follows the company attaining a Shariah-compliant certificate from Amanie Advisors, a Shariah advisory firm. The Islamic finance ...

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... investment lead Morry Waked. It has paid $138 million in cash for the stake, and Magellan executive chair Andrew Formica will now join the Vinva board. Magellan said it expects the acquisition will immediately contribute to profits, as well as preferred ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... negotiated," Singh said. Regarding platform administration, he added that Fiducian platforms for its financial advisers are now complemented by its offering for the external independent financial adviser (IFA) market. "We have proven the capability of ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... counterparts globally, and their track record in navigating a new market environment," Preqin said. "The test for managers now is to demonstrate their ability to effectively manage risk in a higher interest rate environment, which can lead to increased ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... from ASIC, APRA and AFCA," Constant said. "Quite frankly, our patience is running thin - we want to see meaningful action now. "We need funds to be transparent, accountable, and member-focused in how they consistently deliver for Australians both in ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
... in the world, the Australian Institute of Health and Welfare found. "We've waited too long for governments to act, so now we're using shareholder power to take action," said Reverend Tim Costello, chief advocate of AGR and former chief executive ...