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| | | ... PAC has sold 55% of its 16.5% equity stake in Pennybacker and all its 2.5% carried interest entitlement for Pennybacker funds launched after PAC's initial investment. PAC will receive around US$35.2 million (AU$53.3 million), comprised of US$4.8 million ... |
| | | | ... Rahmani takes the reins as Magellan continues in its struggle to stem outflows, finishing April with $1 billion less in funds under management (FUM) to hit another low of $36.3 billion. Its global equities strategy FUM decreased $600 million, while its ... |
| | | | ... his "related companies" - Principal Financial Services Pty Ltd, Self-Managed Super Pty Ltd, Provest Enterprises, and Super Funds Australia Pty Ltd ITF Principal Superannuation Fund - over concerns related to the misappropriation of client funds and unauthorised ... |
| | | | ... criticism of advisers, rather of trustees failing basic obligations, with more still needing to be done by the reviewed funds some 12 months on. Yesterday, ASIC released a report highlighting the failure of several super funds to adequately monitor and ... |
| | | | The top-performing investment funds for the year ending March 31 have been announced, with all being ETFs focused on international equities. The BetaShares Crypto Innovators ETF (ASX: CRYP), with $158 million in net assets, led the pack with a 163.8% ... |
| | | | ... and relationship management across the energy sector. Ruchin has over 20 years of experience in financial markets across funds management, asset management, originations and execution, project financing, board roles and investment advisory. Before joining ... |
| | | | ... balance and that few trustees have controls in place to protect low balance members. As such, 328 members across seven of the funds were found to have had deductions exceeding $15,000. Moreover, three trustees reported not checking any advice documents ... |
| | | | ... enforcement work over recent years it has become increasingly clear that in many cases member services provided by superannuation funds are falling short of these expectations. In particular, we have observed that services are too often slow, unresponsive ... |
| | | | ... long trusted brand to a completely new one. We see this as presenting some risk, albeit the ability to use the brand on funds for a further seven years perhaps mitigates this to some degree," Citi said. |
| | | | ... advisers," he said. With the launch of BSUB, Betashares' now offers 19 cash and fixed income ETFs with $10.5 billion in funds under management. Over the past 12 months, its received $2.5 billion in net flows into these ETFs from investors. Betashares ... |
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