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Showing 121 - 130 of 1887 results for "Internal"

Income Asset Management buys credit fund

CHLOE WALKER  |  THURSDAY, 25 MAY 2023
... investors to the team and a differentiated and compelling fund, will help IAM continue to grow recurring revenue through internal investment management," IAM Funds chief executive Jonathan Baird said. At the same time, the group have exited a 25% stake ...

Consulting triopoly dominates NFP super

JAMIE WILLIAMSON  |  WEDNESDAY, 24 MAY 2023
... Bank Super's planned merger with ART goes ahead, Rainmaker said. If it does, JANA will again benefit. Meanwhile, internal consulting arrangements now represent 13% of the market. Rainmaker noted that Mercer and Russell Investments now play a minor ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... an opt-in opportunity to members before cancelling default insurance cover," AFCA said. However, after conducting an internal review, the firm identified only a small number of impacted members and developed strategies to prevent recurrence of the problem. ...

Cbus eyes big deals in new investment blueprint

ANDREW MCKEAN  |  TUESDAY, 16 MAY 2023
Cbus unveiled a new investment strategy, focused on lucrative global partnerships and boosting internal asset management to 50%. The strategic pivot comes on the heels of Cbus' merger completion with EISS Super. Cbus acting chief executive Kristian ...

ASIC revises IDR reporting framework

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2023
ASIC has further staged the implementation timeframe for internal dispute resolution data reporting. In total, 8600 financial firms will report their customer complaints data for the first time under the framework. The first group to do so comprised ...

Ord Minnett cops $888k fine over buyback

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAY 2023
... "While the MDP considered that the contravention was a genuine error and inadvertent, Ord Minnett did not have adequate internal controls to prevent or detect the contravention and on being alerted to the contravention, did not take remedial steps in ...

Australian Retirement Trust names risk heads

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
... risk and assurance. Browne said the new roles are part of changes in the risk and compliance team structure. "These are internal appointments and the changes are designed to make it simpler for the risk and compliance team to deliver outcomes across ...

ClearView appoints chief executive

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... Nadine has brought fresh ideas and disciplines to ClearView since joining, reinforcing the board's preference for an internal appointment." Swanson commented on his departure and said it has been a privilege to lead such a "great business." "Our vision ...

LongView launches shared equity fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... on May 31. From year three, it expects to provide returns to investors as shared equity contracts are completed at an internal rate of return of about 1.7-2.1 times the residential housing market return. LongView, an integrated residential property business ...

Search funds beat VC, private equity returns

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... "The study shows that the average duration of search fund investment is between five and seven years and the average internal rate of return on that investment is around 35.3%," Seligman explains. Outside of monetary benefit, active ownership is another ...