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Showing 1611 - 1620 of 6290 results for "Superannuation Fund"

Hedge fund switched traders with algorithm

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
A hedge fund, previously linked to several superannuation funds, has been fined US$170 million for replacing its traders with an algorithm that drastically underperformed. An investigation by the US Securities Exchange Commission found UK-based BlueCrest ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
New regulation that requires financial advisers to disclose conflicts of interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many ...

ASIC defers portfolio holdings disclosure deadline

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
ASIC has given superannuation funds another year to disclose their portfolio holdings. The regulator has extended the relief, which defers the first reporting day to 31 December 2021. The relief was set to expire on 31 December 2020, requiring trustees ...

Super SA to close growth option

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
The $30.5 billion government superannuation fund for South Australia will close its growth option. From 25 January 2021, Super SA will also be closing the growth investment option. Investments in this option will automatically be switched into the high ...

Bennelong adds to board

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
A former long-serving superannuation fund chief and industry veteran has joined the board of Bennelong Funds Management. Michael Dwyer joined the board of the fund manager and its parent company Bennelong Funds Management Group as non-executive director ...

WA Super trio launches boutique

KANIKA SOOD  |  MONDAY, 7 DEC 2020
... superannuation funds merge, and develop in-house investment capabilities, thereby shrinking the number of superannuation fund clients available to investment consultants. "We have observed that increasingly the commercial focus of the highest-grade investment ...

AllianceBernstein Australia eyes ETFs

KANIKA SOOD  |  MONDAY, 7 DEC 2020
... broken some new ground," Driscoll told Financial Standard. The MVE fund was developed in conjunction with a superannuation fund ad has grown to $1.2 billion in size. The firm declined to comment on total Australian assets in its strategies, or the advice/institutional ...

Aware Super completes WA Super merger

KANIKA SOOD  |  FRIDAY, 4 DEC 2020
The industry superannuation fund has completed its merger with WA Super initiated earlier this year and now has $135 billion in assets and one million members. The merger gives Aware Super 60,000 members in Western Australia. The smaller fund's ...

Retail default fund tops performance table

KARREN VERGARA  |  THURSDAY, 3 DEC 2020
A retail MySuper fund delivered the best returns in the three years to October, the latest Rainmaker league table shows, but on an aggregate industry superannuation funds outranked peers. Australian Ethical Super's balanced accumulation fund (6.7% ...

TelstraSuper appoints head of equities

KANIKA SOOD  |  THURSDAY, 3 DEC 2020
The $22 billion corporate superannuation fund has hired from HESTA to appoint a new head of equities, including both domestic and international stocks. Dominique D'Avrincourt will join TelstraSuper in January, Financial Standard 's sister publication ...