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Showing 191 - 200 of 6406 results for "March"

KKR real estate arm reports $30m loss

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... period last year, KREF incurred a loss of $19.4 million and faced a setback of $30.8 million in the first quarter ending March 2023. The US real estate finance firm posted revenue of $156.6 million for the period and adjusted revenue of $44 million. ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... Supplementary PDS (SPDS) for the ETF and the PDS for the funds were updated and issued on 17 February and 18 February 2021 and on 10 March 2021, the PDS and SPDS for the funds and ETF were updated further, Vanguard added. In the following two years ...

IFM drops $50m on local infrastructure player

CASSANDRA BALDINI  |  FRIDAY, 21 JUL 2023
... deliver outstanding returns for all SUPA investors," he said. IFM reported $217 billion in funds under management as of 31 March 2023. It concluded the investment will bring a wealth of networks, relationships, and specialist skill sets, which will be ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... concerned that the target market contained classes of consumers for whom the product was not likely to be appropriate. In March, ClearView made several updates to ClearChoice. Clients on the top level of IP cover, for example, are paid 70% of pre-disability ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... Rainmaker said. As an example, AMP Capital's remaining unit trusts have lost around $1.9 billion in net flows in the year to March. "A significant amount of unit trust assets and management rights have been transferred to other investment managers. ...

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
In the year to March end, total funds under management (FUM) held by platforms, wraps and master trusts dropped by $19.5 billion, according to Plan For Life. Specifically, platforms saw a 1.9% decline from over $1 trillion to $982.5 billion, and year ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... due to increased variable compensation costs arising. "As a result of strong investment performance for the year ended 31 March 2023, being offset by higher investment related income arising from seed investments," it explained. Platinum's share ...

Federated Hermes secures $486m for private equity fund

ANDREW MCKEAN  |  WEDNESDAY, 12 JUL 2023
... The fund has committed to 23 investments and has seven more approved by the Federated Hermes investment committee. As of March 31, Federated Hermes has committed $4.5 billion across 278 global co-investments.

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... example and consult on accelerating the consolidation of Local Government Pension Scheme (LGPS) assets, with a deadline of March 2025 for all LGPS funds to transfer their assets into local government pension pools and ensure greater transparency on investments. ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... Group suing the US Federal Deposit Insurance Corporation (FDIC) to recover $US1.9 billion which it seized upon takeover in March. SVB Financial Group said an inability to access the funds has impacted its reorganisation as the money should be generating ...