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Showing 1721 - 1730 of 7723 results for "Currently"

Future Generation welcomes Mike Baird as new chair

CASSANDRA BALDINI  |  THURSDAY, 26 MAY 2022
... on a stream of annual charity investments with 1.0% of assets going towards vulnerable children each year. Baird is currently the chief executive of HammondCare and board member of Cricket Australia and Surfing Australia. Prior to that, he was a member ...

Pallas Capital introduces feeder fund

CHLOE WALKER  |  THURSDAY, 26 MAY 2022
... borrowers who are under-serviced by the major banks. The feeder fund is initially looking to raise $150 million and is currently offering a yield of 6.87% per annum or 6.5% plus BBSW. To date, PFT has deployed over $140 million across 25 loans. Pallas ...

Westpac offloads BT super funds to Mercer

JAMIE WILLIAMSON  |  THURSDAY, 26 MAY 2022
... million. However, Westpac has also agreed to sell Advance Asset Management to Mercer, which will result in a gain. Advance currently has about $44 billion in funds under management, managing several of the BT Super investment options and a number of ...

Goldman Sachs strengthens leveraged finance team

ELIZABETH FRY  |  WEDNESDAY, 25 MAY 2022
Goldman Sachs has hired Colin Mathews to run leveraged finance in Australia and New Zealand. Currently, the New York-based Mathews co-leads oil and gas coverage within the leveraged finance group. In his new role, he will assume responsibility for the ...

Rate rise exposes adviser knowledge gap

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... will be able to effectively manage their clients' needs. According to Rainmaker analysis of ASIC FAR data, there are currently 17,121 financial advisers left in the industry, and close to 1400 have left the industry since the beginning of the year. Of ...

Income Asset Management wins mandate

JAMIE WILLIAMSON  |  TUESDAY, 24 MAY 2022
... tender was awarded following an competitive tender process, with the unnamed NFP joining more than 45 other organisations currently working with IAM. IAM considers the NFP sector to be a significant opportunity going forward, with many currently self-managing ...

No place for crypto in insto portfolios: PGIM

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... effective store of value, and it needs to have a predictable correlation with other asset classes". "Cryptocurrency currently meets none of these three criteria. It's much more of a speculation than an investment," he said. However, PGIM does believe ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... US registered investment funds for the next decade. It has been given 10 weeks to transition the US mutual funds it currently provides these services to another investment adviser and four months for the US closed-ended funds it services. Allianz Global ...

GQG Partners expands Australian team

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
... director of sales at Talaria Capital and was responsible for distribution in Queensland and Victoria. Killen is also currently the Victorian state chair of the Association of Financial Advisers (AFA). On the new appointments, GQG Partners director of ...

Government proposes further expansion of downsizer scheme

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
... government said it will also make proceeds of the sale of a home exempt from the pension assets test for two years; currently the exemption applies for just one year. This would be implemented from 1 January 2023.