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Showing 2161 - 2170 of 8182 results for "Institutional"

Future Fund returns 11.5%, crosses $160bn

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
Australia's sovereign wealth fund returned 11.5% in the year to June, with chair Peter Costello likening the returns to that of a "high growth" superannuation option but with much lower risk. The Future Fund now manages $162.6 billion, after adding ...

Pension fund to buy British Steel

KANIKA SOOD  |  TUESDAY, 27 AUG 2019
The pension fund for the Turkish army emerged as the preferred bidder for the British Steel, four months after it was forced into liquidation. British Steel granted Ataer Holdings A.S. detailed due diligence in mid-August ahead of a full sale. Ataer ...

Tribeca Alpha Plus leaks $600m, rebuilds

KANIKA SOOD  |  TUESDAY, 27 AUG 2019
Investors have pulled out more than $600 million from Jun Bei Liu's long/short Aussie equities fund since co-portfolio manager left in April but performance is looking up and there are new hires on the team. The Tribeca Alpha Plus fund was down ...

ATO to crack down on SG non-payment

KRISTI CHENG  |  TUESDAY, 27 AUG 2019
The Australian Taxation Office will start using Single Touch Payroll (STP) system data to identify and warn employers on non-payment of super guarantee, according to ATO deputy commissioner James O'Halloran. Speaking at the 2019 ASFA National Policy ...

New Zealand maintains pension age

KARREN VERGARA  |  TUESDAY, 27 AUG 2019
New Zealand Prime Minister Jacinda Ardern is firmly keeping the eligible pension age at 65 years old as other countries make it tougher to qualify for the pension. In an interview with Radio New Zealand, the leader of the Labour Party argued that if ...

Climate policy more than divesting: UniSuper

HARRISON WORLEY  |  TUESDAY, 27 AUG 2019
Discussing the impact of climate change on super funds at the FSC Summit this morning, UniSuper chief investment officer John Pearce has said simply divesting certain holdings is not an effective strategy. Appearing on a panel discussing the investment ...

Super debate too one dimensional: Rice Warner

HARRISON WORLEY  |  MONDAY, 26 AUG 2019
The research house has taken umbrage at the public commentary of several influential players over superannuation's eternal policy debate. In a post on its website on Friday, Rice Warner noted the continuous tinkering with the super industry had ...

IFM Investors sets significant emissions targets

KRISTI CHENG  |  MONDAY, 26 AUG 2019
IFM Investors has set emissions targets across its major assets that aim to reduce more than 200,000 tonnes of CO2 emitted by 2030. In an unprecedented move IFM Investors will now have emissions reduction targets through to 2030 and beyond. The targets ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
... profits, reported a 29% slump in its profits to $32.6 million as its value-style funds were hit hard by the markets and institutional investors retreated. "[We have] a very large appetite and are very keen to add global managers. We are pretty open-minded ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks. The banking group today announced its divestment of CommInsure Life to AIA Group is facing ...