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Showing 2001 - 2010 of 6256 results for "December 19"

Chief economist update: Where sentiment goes, there too is spending

BENJAMIN ONG  |  MONDAY, 18 FEB 2019
The University of Michigan's latest update on consumer confidence indicates that there's hope still for household spending. Recall the reported big drop in US retail spending (down 1.2% in the month of December) that I penned is consistent with ...

Magellan eyes retirement income products

KARREN VERGARA  |  FRIDAY, 15 FEB 2019
Magellan flagged several new product launches in announcing its interim results, and one will be directed at retirement income. Presenting the group's half-year results to December 2018, chief executive Brett Cairns told investors the fund manager is ...

Chief economist update: Is the US about to join the global slowdown club?

BENJAMIN ONG  |  FRIDAY, 15 FEB 2019
... that, in turn, accounts for about 70% of the US economy - showed that US retail sales dropped by 1.2% in the month of December - the biggest monthly drop in more than nine years (September 2009) - following a revised 0.1% increase in the previous month ...

K2 posts losses, signs on distributor

KANIKA SOOD  |  THURSDAY, 14 FEB 2019
K2 Asset Management has signed a new distribution agreement for its funds as the business posted close to $560,000 in after-tax losses for the six months to December 31. Principals Funds Management will distribute K2's funds. The company specialises ...

Janus Henderson hires from CFSGAM

KARREN VERGARA  |  THURSDAY, 14 FEB 2019
Janus Henderson Investors hired a new senior investment manager and promoted a portfolio manager within its global natural resources team. Tal Lomnitzer was appointed as senior investment manager, responsible for co-managing global natural resources ...

Canadian pension fund manager dumps Blue Sky

JAMIE WILLIAMSON  |  THURSDAY, 14 FEB 2019
The strategic partnership between Blue Sky Alternative Investments and a $170 billion Canadian pension fund investment manager has been terminated. Blue Sky Water Partners has worked with Canada's Public Sector Pension Investment Board (PSP Investments) ...

Macquarie expects profit jump

KANIKA SOOD  |  TUESDAY, 12 FEB 2019
Macquarie Group is expecting its FY19 results to outstrip last year's results by up to 15%, and has made three key appointments. This means it could post $3.9 billion in profits when it announces FY19's full-year results in early May. "While the impact ...

Chief economist update: UK economy slows on Brexit woes

BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
When the Bank of England (BOE) decided to keep monetary policy settings unchanged following its February 7 monetary policy committee meeting, it acknowledged in its statement that: "UK economic growth slowed in late 2018 and appears to have weakened ...

Mainstream board loses former ASIC executive

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
A former ASIC senior executive resigned from the board of Mainstream Group. The firm has also released its half-year financial results. Financial services veteran Lucienne Layton will step down from her role as non-executive director on 15 March to ...

Future Fund delivers 5.8%

KANIKA SOOD  |  MONDAY, 11 FEB 2019
The sovereign wealth fund returned 5.8% in the year ending 31 December 2018, beating the median balanced superannuation fund return by a wide margin. The median balanced superannuation fund returned 0.6% in the year to 31 December and even the top quarter ...