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Showing 1971 - 1980 of 22782 results for "Funds"

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... superannuation fund boards in the wake of the CFMEU scandal. Schubert said the shared governance model of profit-to-member funds was created with a "clear and single purpose" to service the fund members whose retirement savings they hold. "They do so ...

HUB24 sees profits jump 15%

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... 1% to $22.1 million. The group will pay a fully franked dividend of 19.5 cents per share, to be paid on October 11. Total funds under administration (FUA) were up 30% to $104.7 billion with platform FUA increasing to $84.4 billion - up 35%. The number ...

QIC promotes key private equity staff

ELIZABETH FRY  |  MONDAY, 19 AUG 2024
... promoted to vice president from senior associate. She joined the QIC finance team in 2010 working in the liquid markets group funds, infrastructure, and private equity funds. Baker then moved wholly to private equity with a focus on portfolio monitoring ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
... divestment of 34% of the US Military Housing Asset Management income stream that was recognised in FY23. This unit's funds under management decreased 2% to $47.3 billion year on year. The construction business' EBITDA of $126 million was up 40%. ...

Principal AM hires from BlackRock

ELIZA BAVIN  |  MONDAY, 19 AUG 2024
... (institutional) sales for the Client Business in Australia. At BlackRock, he managed distribution to Australian superannuation funds and asset consultants, while leading strategic initiatives to drive business growth. Principal managing director and ...

Bell Financial half-year profit soars 50%, revenue up

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
... Bell Potter Securities clients to a third-party platform's clearing system, resulting in over $2 million in annual savings. Funds under advice grew at an 8.1% compound annual rate over the past five years, to be $80.5 billion. The company announced a ...

Hostplus adds investment options, makes fee changes

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... broader range of members' needs," it said. In addition, Hostplus said it will remove its trustee fee. Like many other funds, Hostplus introduced the trustee fee in 2022 following changes to super law. "The trustee fee currently forms part of your ...

GQG's FUM rockets to record US$155.6bn

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
GQG Partners' funds under management (FUM) has climbed to a record US$155.6 billion, marking a 49.5% increase over the last financial year, driven by strong net inflows and global equity market gains. The fund manager reported net flows of US$11.1 billion ...

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... earnings this morning, Magellan reported a 2% increase in net profit after tax, coming in at $177.9 million as at June 30. The Funds Management business saw profits before tax of $158.3 million, which was down 25%. As at June 30, Magellan's funds ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... apartment in Mexico, the SEC said. Money was also spent on clothing, jewelry, beauty treatments, hotels, and resorts. Investor funds were also used to buy a clothing business. "... Drive Planning did not have any legitimate profitable enterprise capable ...