Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2201 - 2210 of 8182 results for "Institutional"

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
Reporting a 50% drop in wealth management profits, AMP conceded chief executive Francesco De Ferrari's remuneration will have to be reconsidered in light of share price tumbles. The group reported an underlying profit of $309 million for the first half ...

AMP announces new strategy, capital raise

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2019
... intended to strengthen AMP's balance sheet to accommodate the new strategy. It is open to sophisticated and institutional shareholders, as well as investors in Australia and certain overseas jurisdictions. The final placement will represent about ...

AustralianSuper eyes $1.48bn in Indian infrastructure

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
Australia's largest superannuation fund has signed an agreement with the Indian sovereign wealth fund to invest up to US $1 billion in infrastructure opportunities and is taking a shareholding in the fund manager. AustralianSuper made an initial ...

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 ...

Nikko insto sales lead joins $53bn manager

HARRISON WORLEY  |  WEDNESDAY, 7 AUG 2019
... encompassing client relations and business development across Australia and New Zealand. Schipper is currently head of institutional sales at Nikko Asset Management and is also a former executive director and head of business development at IFM. Schipper ...

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... Pinnacle Investment Management profits jumped 32% to the year ending June with Firetrail accounting for most of the net institutional inflows across its 13 affiliates. The ASX-listed business, which takes stakes in boutique investment firms and offers ...

ANZ scraps individual bonuses

HARRISON WORLEY  |  TUESDAY, 6 AUG 2019
ANZ has taken individual bonuses off the table in favour of an incentive based on group performance. From October 1 most ANZ staff will be rewarded with a group performance dividend based on the bank's performance across four perspectives: risk, financial ...

IPIF names investment lead, launches capital raise

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... specialises in. Proceeds from the raise will fund opportunities to expand its flagship fund, IPIF Core, designed to bring institutional-grade assets to private investors. Existing investors will be prioritised for participation in the capital raise - ...

Super fund turns to food sustainability

KRISTI CHENG  |  MONDAY, 5 AUG 2019
The sustainability of food supply chains has become increasingly important in determining where a $75 billion superannuation fund directs its investments. First State Super chief investment officer Damian Graham has highlighted the importance of addressing ...

BlackRock partners with $23bn super fund

HARRISON WORLEY  |  MONDAY, 5 AUG 2019
BlackRock partnered with a $23 billion superannuation fund to develop an ESG-focused global bond index fund. VicSuper has again partnered with the global fund manager, this time to develop a global bond index fund similar to the ESG Australian Bond ...