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Showing 1441 - 1450 of 1758 results for "Covid"

Janus Henderson hit by COVID-19

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
Janus Henderson assets under management fell 21% compared to the prior quarter, citing the impact of COVID-19. The company said first quarter operating income was US$332.4 million compared to US$154.3 million in the prior quarter. It also noted goodwill ...

IOOF sees surge in FUM

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
... company said excluding that one-off movement its net inflows were positive. IOOF chief executive Renato Mota said during the COVID-19 uncertainty it was reassuring to see the positive work its advisers were doing. "These COVID-19 related challenges are ...

Lloyds profits down 95%

ELIZABETH MCARTHUR  |  FRIDAY, 1 MAY 2020
... changes in Lloyds Banking Group's reporting assumptions given the "expected deterioration in the UK economy" as a result of COVID-19. Lloyds' underlying profit was £558 million compared to more than £2.1 billion in the first quarter of 2019. The bank's ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... -5.9%. The Diversified Alpha strategy returned -3.7% net of fees for the month of March, with the fund manager blaming the COVID-19 pandemic for the losses. "The quickening spread of the coronavirus this month sharply altered the global economic outlook," ...

Aussie analysts share COVID-19 investment tips

ALLY SELBY  |  THURSDAY, 30 APR 2020
... term, he explained, but about making money wherever you can and on any time frame that allows. To find this alpha during the COVID-19 crisis, Shaw and Partners senior investment adviser Adam Dawes recommends buying quality companies with good balance ...

Junk by name, junk by nature?

ALLY SELBY  |  THURSDAY, 30 APR 2020
... typically are able to withstand considerably more macro and event-driven stress than their speculative-grade counterparts, the COVID-19 pandemic and oil price shocks have resulted in a marked increase in fallen angels," S&P Global Ratings said. These ...

Now is the time to step up: FEW

JAMIE WILLIAMSON  |  THURSDAY, 30 APR 2020
... three broad themes emerge from the discussions had, and the first is around leading teams and ensuring productivity during COVID-19. "The problems we're seeing are not new problems, but the current environment is amplifying some of the challenges that ...

COVID-19 drives Aussies to check exemptions

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
In one of the most tragic of COVID-19 consequences, the pandemic is driving Australians to ask their life insurers whether their policies cover them for suicide, the House of Representatives Standing Committee on Economic has heard. Appearing before ...

Super CIOs defend illiquid assets

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... that super funds do not have the liquidity to meet the early release demands brought about by financial hardship during COVID-19 is a "furphy". "I don't think the super system has got too many illiquid assets. So I think that's a furphy," he ...

More super funds will merge: QMV

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
COVID-19 will be the shove that forces some superannuation funds to merge, while others thought safe prior to the pandemic will also be left pondering consolidation. According to QMV practice lead Anthony Forbes, there are certain funds that are going ...