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Showing 131 - 140 of 312 results for "Tranche"

Lloyds, pension fund pay $250m settlement

JAMIE WILLIAMSON  |  FRIDAY, 26 JUL 2019
Lloyds Banking Group will pay $250 million in compensation to Standard Life Aberdeen following its attempt to pull a $186 billion mandate in February 2018. Lloyds Banking Group and its subsidiary, Scottish Widows, reached a final settlement with Standard ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... with interest and their leave balances adjusted where applicable," she added. "We have begun remediation and the first tranche will involve approximately 8,000 current and former employees receiving back pay totalling $4.8 million including interest," ...

Class makes managed accounts play

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2019
... remain as shareholders over the medium term, with Class saying they are incentivised to grow the business. An initial tranche of $1.5 million has been invested, with a further $2.5 million to be added by the end of the month. It is not expected to have ...

Fund managers embrace China exposure: Zenith

KARREN VERGARA  |  WEDNESDAY, 30 JAN 2019
More fund managers are increasing their exposures to Chinese equities thanks to major indices that began offering China A-Shares last year. This is according Zenith's analysis of emerging market fund managers it rated, which increased their average ...

Centrepoint pulls out of NEOS Life

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
Centrepoint Alliance will no longer back life insurance startup NEOS Life, requesting its investment be repaid in full sooner than originally agreed to. In line with its recent strategy refresh, a review of Centrepoint's assets and interests determined ...

Family office invests in absolute return fund

KANIKA SOOD  |  MONDAY, 24 SEP 2018
A Singapore-based family office is investing $34 million in an absolute return fund run by a fintech that offers a crowdfunding loan platform for small to medium enterprises. CoAssets is headquartered in Singapore and listed on the ASX (CA8) with a ...

CCIV draws mixed reception: Research

KARREN VERGARA  |  THURSDAY, 23 AUG 2018
... believed it was "highly effective." The Federal Government opened consultation to industry stakeholders for the first tranche of the Treasury Laws Amendment (Corporate Collective Investment Vehicle) Bill 2018 in June. Under the framework, a company can ...

Alternative investment manager partners with VC firm

KANIKA SOOD  |  WEDNESDAY, 15 AUG 2018
... Boppl. It is funding the Scout investment with a capital raise. It has received commitments for $1.2 million of the first tranche and will formalise another $285,000 in the coming weeks. The placement has been made to domestic and offshore family offices ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... conditionally. A year later when Colonial First State sent out its 13th update to APRA, it was dealing with the fifth tranche of members that needed to be transferred. CFS subsequently identified a sixth tranche, members in its cash option. In September ...

Investors sharpen watch on RMBS

KANIKA SOOD  |  MONDAY, 9 JUL 2018
Issuance of residential mortgage-backed securities hit record levels in Australia last year, led by non-bank lenders. And even though the residential mortgage-backed security pool is ripe for picking by fixed income and debt managers, challenges surround ...