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Showing 1851 - 1860 of 10361 results for "Trust"

European pension fund hands MaxCap $200m

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
... market. The initial investment will be allocated through the First Mortgage investment option offered by MaxCap Investment Trust (MIT), its flagship, diversified and evergreen commercial real estate (CRE) debt vehicle. The investment, which is the investor's ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... that were recently acquired or have undergone significant structural changes are seeing massive outflows within their unit trust business to the tune of $21 billion. According to Rainmaker's Benchmarking research note, an interesting trend has emerged ...

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
In the year to March end, total funds under management (FUM) held by platforms, wraps and master trusts dropped by $19.5 billion, according to Plan For Life. Specifically, platforms saw a 1.9% decline from over $1 trillion to $982.5 billion, and year ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... reported $17.3 billion in funds under management (FUM) and said the June outflows included about $162 million from the Platinum Trust Funds. It further explained the losses do not include the impact of the distribution to unit holders of $566 million ...

Sequoia expands professional services arm

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
The listed wealth group will acquire and merge the businesses of Castle Corporate and Castle Legal for $3.15 million. Castle Corporate assists accountants, financial advisers, and lawyers with the formation of companies, trusts, and self-managed super ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
The UK Treasury has announced plans to consolidate the nation's pension fund sector and unlock £75 billion in retirement savings to back high-growth companies. Yesterday, Chancellor Jeremy Hunt delivered the Mansion House reforms and cited plans ...

Equipsuper adds board director

ELIZABETH FRY  |  TUESDAY, 11 JUL 2023
The $30 billion superannuation fund which covers workers from engineering, manufacturing, healthcare and teaching, has appointed Julian Widdup to the board as a new member director. Widdup replaces Jan Dekker, who joined the board in 2016. For over ...

Retirees to own 55% of all super come 2032: Rainmaker

CHLOE WALKER  |  TUESDAY, 11 JUL 2023
... the retirement assets in APRA-regulated funds. In 2022, the 10 largest funds were AustralianSuper, Australian Retirement Trust (ART), Aware Super, Public Sector Superannuation (PSS), UniSuper, CFS FirstChoice, BT Super, Hostplus, MLC Super, and Military ...

Commonwealth Super Corp appoints chief customer officer

JAMIE WILLIAMSON  |  MONDAY, 10 JUL 2023
A new chief customer officer has been named at Commonwealth Superannuation Corporation (CSC), bringing experience in financial advice, super and insurance. Adam Nettheim has taken on the role, a promotion from his prior role as executive manager, customer ...

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
... commenced the role in 1991, has defined the position of a major bank chief economist in Australia. "Bill has built a legacy of trust and a record of service that is unmatched," he said. "His generosity and ability to explain the economy in clear and ...