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Showing 1381 - 1390 of 10357 results for "Close"

Lazard to reduce workforce by 10%

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2023
... all businesses, with the decision made "in light of the current environment," it said. As of December 2022, Lazard employs close to 3500 globally. "The first quarter was marked by economic uncertainty and market turmoil, particularly in the financial ...

Lumiant acquires longevity app

KARREN VERGARA  |  FRIDAY, 28 APR 2023
Lumiant has acquired an app that helps financial advisers monitor clients' health, longevity and aged care risks that could impact retirement. Chicago-based Genivity, deemed a health analysis and longevity optimiser (HALO), will integrate into Lumiant's ...

Infrastructure an asset class for all seasons: IFM

CHLOE WALKER  |  FRIDAY, 28 APR 2023
The role of infrastructure in portfolios will continue to be a prominent theme for asset allocators this year, as will increased consideration of social factors, according to new report by IFM Investors. The report, titled Infrastructure Outlook 2023 ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
On the back of yesterday's heatmaps from APRA, Industry Super Australia (ISA) has said it's clear that closing funds to new members is a Choice sector business model, not a punishment. The Choice heatmaps revealed two thirds of products that are closed ...

Perpetual progresses Pendal integration

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
... since 31 December 2022. They now sit at $210 billion. The Australian asset management business accounts for $63.9 billion, close to $40 billion of which was acquired through the Pendal transaction. Net inflows of $0.5 billion were split across Pendal's ...

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
A host of Equity Trustees and OnePath options once again dominated the worst-performing and most expensive Choice products in APRA's newly published heatmap results. Of the 407 options with an eight-year return history APRA analysed, 182 or 45% ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... "Often, as here, these types of offences involve a grave breach of trust and are only able to be committed because of the close personal relationship that exists between an offender and his or her victim," Justice O'Brien said. "In respect of most ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
It is 10 years since more than 1000 people died in the Rana Plaza textile factory collapse in Bangladesh in April 2013. In the intervening years, regulations to improve factory safety has been introduced in Bangladesh, and issues related to worker safety ...

GAM, Liontrust in merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 19 APR 2023
... provide an update alongside the results. GAM currently has about $123 billion in assets under management, while Liontrust has close to $62 billion.

Women growing super faster than men: Research

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
New Roy Morgan research finds women's average superannuation balances are growing at a faster rate than men's, while ownership levels have also risen. Based on a survey of half a million participants, the research found that since 2012, the ...