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Showing 2131 - 2140 of 6512 results for "Jul"

Platinum funds leak over $100m

KANIKA SOOD  |  THURSDAY, 8 AUG 2019
Platinum Asset Management reported $108 million in net outflows in July, including $54 million net that flowed out of its trust funds during the month. Platinum now has $25.1 billion across all its funds which are focused on international equities ...

Why do we need royal commissions, Hayne asks

KANIKA SOOD  |  THURSDAY, 8 AUG 2019
In his first public speech since the Royal Commission's final report in February, Kenneth Hayne mulled why Australians are calling for more royal commissions and what it says about our democracy. "The increasingly frequent calls for Royal Commissions ...

Super fund names new chair

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
A $23 billion superannuation fund has welcomed a new chair as the incumbent moves to a deputy chair position. VicSuper announced Wayne Kayler-Thomson stepped into the new role, switching roles with Christine Stewart, who has been chair since early 2017. ...

Fossil fuel holdings cost BlackRock investors $90bn

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
BlackRock has lost more than US$90 billion ($133bn) by investing in fossil fuel-dependent companies over the last decade, a new report criticising the world's largest fund manager about its failure to manage climate risk shows. The Institute for ...

JANA hires quantitative applications lead

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
JANA Investment Consultants appointed a former Victorian Funds Management Corporation executive in the newly created role of head of quantitative applications. Michael Watt was chief executive and principal consultant at PortfolioMetrics for almost ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
Trump's latest tat (branding Beijing a currency manipulator) for China's tit (allowing the yuan to fall below the psychological threshold of CNY7.0/US$1) highlights just how determined the US president is to win the trade war. Yes Virginia ...

Survey backs SG increases

KARREN VERGARA  |  MONDAY, 5 AUG 2019
Respondents in Financial Standard 's latest spot poll have welcomed the pending increases to the Superannuation Guarantee beyond 9.5%. The majority (79%) of respondents support the legislated incremental increases to the SG starting from 1 July 2021 ...

Planning foundation adds directors

HARRISON WORLEY  |  MONDAY, 5 AUG 2019
The philanthropic foundation of the Financial Planning Association of Australia appointed an additional three directors to its board. Future2 is welcoming the appointments of former FPA chair Julie Berry, acting Commonwealth Bank executive general manager ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
The US Federal Reserve gave markets exactly what they were expecting - a 25 basis point reduction in the Fed funds rate at the conclusion of its July FOMC meeting - but instead of revving up the risk on trade, it was risk off. Equity markets fell. The ...

Pengana adds fee class for global equities fund

KANIKA SOOD  |  THURSDAY, 1 AUG 2019
The $97 million Pengana International Fund will now be available with a lower base fee and a performance fee structure, in response to adviser demand. Pengana has traditionally offered the fund to financial advisers at a flat 0.974% management fee per ...