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Showing 2041 - 2050 of 22782 results for "Funds"

Perpetual net outflows top nearly $9bn

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... than $3 billion of new institutional money arrived in the September quarter. Perpetual's Corporate Trust business had funds under administration (FUA) reach over $1.2 trillion as at June 30. The wealth management division's FUA was $19.8 billion ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... company of Generation Life, which recently acquired the remaining stake in Lonsec, has reported a $673 million increase in funds under management (FUM) over the last financial year. Generation Life received over $200 million in total inflows in the June ...

AustralianSuper, HESTA acquire majority stake in housing developer

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... Australians should live well in retirement, and to do that they need both super and housing. Through investments like this, super funds can play an important role in responding to the current housing supply crisis while delivering on our purpose for ...

NZSF returns 17%, smashes benchmarks

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
... executive Jo Townsend, New Zealand's sovereign wealth fund is aiming to double in size from its current NZ$75 billion in funds under management (FUM) over the next 10 to 12 years. "We want to do this without losing the culture and organisational ...

Cbus hires from VFMC for key ESG role

ROSE MARY PETRASS  |  TUESDAY, 23 JUL 2024
Talieh Williams has made the jump from Victorian Funds Management Corporation (VFMC) to join Cbus as head of ESG integration. In the new role, Williams will support the creation of long-term returns for members of the $98 billion industry fund for building ...

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... self-employed (licensed) advisers, 403 self-licensed advisers, and 200 employed advisers. The business reported a drop in its total funds under management and administration of $1 billion in the quarter, coming in at $311.3 billion. This was in part ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... December 2021. Then, in November 2022, additional licence conditions were placed on OnePath and other Insignia Financial super funds to address governance, accountability, and risk management deficiencies. This included the need to compensate any members ...

Consultation opens on tax practitioners' registration

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... Financial advisers who provide taxation advice no longer had to be registered with the TPB as of 1 January 2022. Allegro Funds acquired PwC's embattled Australian public sector advisory business for $1 at the height of the scandal. It rebranded as ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... registered managed fund overseen by Keystone Asset Management. ASIC said that the orders were sought to protect investor funds amid an investigation into concerns about misleading statements and inadequate disclosures in the fund's documentation. ...

Cbus strategy chief exits

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... investment manager of innovation and strategy. Before that, she was working as an independent adviser to superannuation funds, asset managers, and asset consultants for nearly 10 years. She was previously the director of strategy and new business development ...