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Showing 2011 - 2020 of 10358 results for "Close"

Managed accounts surpass $100bn

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
... Professionals (IMAP) and Milliman's latest Managed Accounts FUM Census showed the split in funds under management remained very close between separately managed accounts ($51.09 billion) and managed discretionary accounts ($48.01 billion). IMAP chair ...

Pension fund backs Aussie insurance distributor

JAMIE WILLIAMSON  |  TUESDAY, 14 SEP 2021
A major Canadian pension fund has taken a 33.4% stake in the Greenstone, the Sydney-based distributor of several retail insurance brands. Ontario Teachers' Pension Plan Board has reached an agreement to acquire the stake from fellow Canadian pension ...

Verve Super taps investors for $2.6m raise

KANIKA SOOD  |  TUESDAY, 14 SEP 2021
... was often little interest in our purpose as a mission-led business or the unique nature of how we're supporting women to close the gender wealth gap. It was often impossible to find a common language," Hobbs said. "So, we pivoted, we sought out Australian ...

Whitehelm Capital sells to German manager

KANIKA SOOD  |  TUESDAY, 14 SEP 2021
... providing access to their extensive client base," Whitehelm chief executive Graham Matthews said. The transaction is expected to close in first quarter next year. Whitehelm was advised by Berkshire Global Investors on the sale.

CIMIC wins $1.18bn infra upgrade contract

KANIKA SOOD  |  MONDAY, 13 SEP 2021
CIMIC and Downer's joint venture CPB Contractors has won the New South Wales government's contract to upgrade the Warringah Freeway. CIMIC said the contract has a total value of $1.18 billion and will generate about $800 million in revenue for CPB Contractors. ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
The prudential regulator is cracking down further on the superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives ...

ASX eyes a bigger slice of fixed income active ETFs

KANIKA SOOD  |  THURSDAY, 9 SEP 2021
In its biggest ETF listing rule change in over five years, the ASX is widening the universe of fixed income strategies it will accept for ETF listings. The AQUA rule changes, which are expected to come into effect on September 22, will allow fixed income ...

Pinnacle acquires third-party distributor

KANIKA SOOD  |  THURSDAY, 9 SEP 2021
Pinnacle Investment Management Group is acquiring 100% of a third-party distributor working with boutique fund managers. Winston Capital Partners gives Pinnacle on-the-ground representation for the first time in Western Australia, the firm said. Upon ...

APAC pension funds fastest growing: Study

JAMIE WILLIAMSON  |  TUESDAY, 7 SEP 2021
... Government Pension Investment Fund of Japan remains the largest fund with over US$1.7 trillion; it's held this position for close to 20 years now. It is followed by the Government Pension Fund of Norway at US$1.3 trillion. The Global Pension Asset Study ...

State Super hires DC investments executive

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
State Super has welcomed a new general manager of defined contribution investments from Crescent Wealth. Jason Hazell joined State Super on September 1 and will also become part of the executive team. His new role sees him taking responsibility for ...