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Showing 1691 - 1700 of 10358 results for "Close"

Pendal FUM drops $12bn

CASSANDRA BALDINI  |  MONDAY, 18 JUL 2022
... the quarter. The disappointing result caused Pendal stock to drop over 7% from Thursday ($4.08) to Friday ($3.78) market close. Pendal chief executive Nick Good said: "During the quarter there have been sustained market challenges. Global equity market ...

Former adviser sentenced over theft

CHLOE WALKER  |  MONDAY, 18 JUL 2022
... which would have resulted in Flowers Financial Management merging with other financial services companies. The scheme raised close to $1.5 million from investors who had been long-term clients, and the funds were collected in a trust account established ...

Frontier changes strategy, shakes up team

CASSANDRA BALDINI  |  FRIDAY, 15 JUL 2022
Frontier has made several changes to its investment team, including naming Shahana Mukherjee as its new macro and quant analytics consultant. Frontier has announced what it is calling an evolution of the management of its investment strategy, capital ...

Celsius latest casualty in crypto crash

CASSANDRA BALDINI  |  FRIDAY, 15 JUL 2022
Celsius Network has filed for Chapter 11 bankruptcy making it the latest victim of the crypto crash. In a statement, Celsius said it has filed with the Court a series of customary motions to allow it to continue operation. These "first day" motions ...

$150m capital overlay no more for Allianz Australia

CHLOE WALKER  |  FRIDAY, 15 JUL 2022
... The capital penalty was to remain in place until the insurer completed remediation work to strengthen risk management and close gaps identified in its self-assessment and was lowered to $150 million in December 2020 in recognition of Allianz's progress ...

Australian Ethical, Christian Super confirm merger

JAMIE WILLIAMSON  |  THURSDAY, 14 JUL 2022
... coming in at $751 million. However, on a quarterly basis, total FUM is down 9% from March 31. Australian Ethical welcomed close to 4800 new customers in the three months to June 31, up 4% for the quarter and 17% year on year with the total now sitting ...

Foresight buys Infrastructure Capital Group

JAMIE WILLIAMSON  |  WEDNESDAY, 13 JUL 2022
Infrastructure Capital Group (ICG) has been acquired by Foresight Group, creating a $20 billion infrastructure and renewables specialist investor. ICG has been investing in energy, renewables, transport, and other infrastructure projects for the last ...

ASX 100 chief executive bonuses hit record highs

CASSANDRA BALDINI  |  WEDNESDAY, 13 JUL 2022
Bonuses paid to ASX 100 chief executives hit record highs in FY21, jumping from 31% to 76.7%, a new report from the Australian Council of Superannuation Investors said. In the first year of the pandemic, Australian boards responded to market turmoil ...

Acadian to build systematic credit capability

CHLOE WALKER  |  WEDNESDAY, 13 JUL 2022
Acadian Asset Management is responding to investor demand and developing a systematic credit capability, hiring Scott Richardson to lead it. In his new role as director, systematic credit, Richardson will build out and lead a team of portfolio managers ...

Value Partners makes key regional appointment

JAMIE WILLIAMSON  |  TUESDAY, 12 JUL 2022
... group's current regional head, intermediary business APAC who has decided to step away due to family reasons. He brings close to two decades' experience in financial services and was previously the group's head of Hong Kong, retail distribution. He has ...