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Showing 2171 - 2180 of 8182 results for "Institutional"

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 ...

Janus Henderson bolsters retail sales team

HARRISON WORLEY  |  FRIDAY, 23 AUG 2019
... Australia Matt Gaden said. "Mark has been held in high regard within the organisation and by our clients in the Institutional market," he said. "His promotion acknowledges the talent within the company, and we feel fortunate to have identified such a ...

Managed funds versus the ASX 200

KANIKA SOOD  |  THURSDAY, 22 AUG 2019
... Dunnin said. "But the key question is what went wrong? With investment managers already under pressure from ETFs, institutional clients wanting lower fees, indexing and super funds turning to self-management, these results come at an awkward time." Which ...

M&G sets up shop down under

KRISTI CHENG  |  THURSDAY, 22 AUG 2019
... worked at MGPA, Macquarie Bank, and Mercer. His focus now is on the full breadth of investment capabilities for institutional clients. James MacKinnon moved from his M&G role as head of asset management, Asia Pacific, now leading M&G real estate business ...

Perpetual profits dip, investments down 29%

KANIKA SOOD  |  THURSDAY, 22 AUG 2019
... after tax of $115.9 million for the year ending June, as its value-style funds underperformed and had to hand back institutional money. Perpetual Investments, which is the biggest contributor to group profits, reported 29% lower profit before tax at ...

Industry fund awards $150m mandate

KARREN VERGARA  |  THURSDAY, 22 AUG 2019
A major industry superannuation fund has awarded a $150 million mandate to a London-based investment manager. Sunsuper selected Affirmative Investment Management (AIM) to manage its first green bond mandate, which aims to achieve financial returns ...

Sean Fenton back with Sage Capital

KANIKA SOOD  |  WEDNESDAY, 21 AUG 2019
... investors. The capacity for the two funds is about $3 billion. Channel is aiming for a 50-50 split across adviser-led and institutional funds under management. There are no plans of doing a listed vehicle for the fund. Fenton said four is a good number ...

UniSuper scolds Aussie equity fundies

KANIKA SOOD  |  WEDNESDAY, 21 AUG 2019
The $80 billion superannuation fund had some strong words for its external Aussie equities managers, saying their general underperformance was a "real disappointment" for the year. UniSuper's balanced investment option returned 9.9% for the year, as ...

IOOF establishes super trustee office

HARRISON WORLEY  |  WEDNESDAY, 21 AUG 2019
IOOF believes it has actioned all 145 items required to meet licence conditions imposed by APRA late last year, including those which it failed to meet the original deadline for. In an update to the market late yesterday, IOOF said the independent reviewer ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
While many have welcomed the government's roadmap for implementing Commissioner Hayne's recommendations, bodies representing the superannuation industry are leading criticisms against the timetable. The Australian Institute of Superannuation Trustees ...