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Showing 1921 - 1930 of 5260 results for "SCA"

Hostplus, HNWs back CSIRO fund

ANNABELLE DICKSON  |  TUESDAY, 27 APR 2021
Main Sequence, a deep tech investment fund founded by CSIRO, has raised $250 million from investors such as Hostplus and Temasek to solve the world's problems in health, food, space and industrial productivity. Main Sequence's second fund aims to solve ...

Cboe Chi-X takeover progresses

ELIZABETH MCARTHUR  |  TUESDAY, 27 APR 2021
Cboe's imminent takeover of challenger Chi-X is set to see the exchange gain significant scale. Chi-X chief executive Vic Jokovic said he would be staying on as chief executive after the acquisition. "We've signed. There'll be a deal in, I expect two ...

Mainstream posts record quarter

KANIKA SOOD  |  MONDAY, 26 APR 2021
The ASX-listed fund administrator ended March with $272.2 billion in funds under advice, as its Pendal win and inflows delivered a 21% uptick in FUA from the previous quarter. Mainstream has 348 clients and 1042 funds at March end, up 1% (five new net ...

Vanguard UK upends cost of advice

KARREN VERGARA  |  TUESDAY, 20 APR 2021
Vanguard has launched a financial advice offering in the UK that will charge a flat rate of 0.79%, a whopping three times less than what the industry charges on average. Vanguard Personal Financial Planning promises to provide high-quality, low cost ...

Nuveen APAC lead exits

KARREN VERGARA  |  MONDAY, 19 APR 2021
Global fund manager Nuveen Real Estate has shuffled its local executive lineup, which includes bidding farewell to its division head for Australia. After one year of heading the Australia and Asia Pacific real estate business, managing director Nick ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
Eradicating the Statement of Advice and the safe harbour steps are two recommendations that will help reduce red tape and make financial advice more affordable, according to the Financial Services Council. The financial services' peak body has laid ...

Citi to exit consumer banking in Australia

ELIZABETH MCARTHUR  |  FRIDAY, 16 APR 2021
Citigroup's quarterly results included news the banking giant is undertaking a strategic overhaul of its global consumer banking division. This will mean Citi is exiting consumer banking entirely in a number of markets including Australia. China, India ...

Sydney multi-boutique adds crypto fund

KANIKA SOOD  |  FRIDAY, 16 APR 2021
A Sydney multi-boutique has signed on a passive fund that tracks Bitcoin and will offer it to Australian investors. The fund is managed by Arrano Capital and is open to institutional investors and will be distributed by Mantis Funds. It is Caymans domiciled ...

ClearView adds advice growth role

ANNABELLE DICKSON  |  THURSDAY, 15 APR 2021
ClearView Wealth has appointed a former Australian Unity Financial Advice executive to the newly created role of head of business growth. ClearView has welcomed Tony Mantineo to the role, previously general manager of business growth at Australian Unity ...

Super fund liquidity could be better: RBA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 APR 2021
While the events of 2020 showed superannuation funds manage liquidity well, funds should consider the extent to which they rely on certain asset classes for liquidity, the Reserve Bank of Australia (RBA) has said. In its Financial Stability Report for ...