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Showing 2251 - 2260 of 8182 results for "Institutional"

Nomura ordered to pay back US $25m

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
The giant's securities business has been ordered to pay back US $25 million to clients misled by its bond traders, in an enforcement action by the US corporate regulator. Many of Nomura's bond traders made false and misleading statements to customers ...

Perpetual Investments leaks $1.1bn

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
... manager's Australian equities strategies recorded a net outflow of $1.2 billion for the quarter, primarily through the institutional and intermediary channels. For global equities, the number was $0.1 billion. Cash and fixed income products were the ...

APRA clarifies super fund acquisition process

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
APRA has released further guidance for parties interested in acquiring a stake in superannuation funds. Parties seeking to acquire a 15% holding or more in an RSE must undertake the new application process. The process, APRA said, is consultative and ...

Super fund invests through RateSetter

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
A superannuation fund has invested in renewable energy loans via peer-to-peer lender marketplace RateSetter. Future Super is investing $200,000 through the RateSetter platform to specifically fund renewable energy loans. RateSetter is a peer-to-peer ...

NZ Super Fund invests in hotels

KANIKA SOOD  |  MONDAY, 15 JUL 2019
The $40 billion New Zealand Super Fund is investing $287 million in the country's hotels, starting with three properties in Auckland and Christchurch. The portfolio was established by Russell Group and Lockwood Property Group. It includes Four Points ...

JP Morgan-linked ship in US $1bn drug bust

KANIKA SOOD  |  MONDAY, 15 JUL 2019
A large container ship being linked to J.P. Morgan Asset Management has been the subject of a US $1 billion cocaine bust in the United States. The ship, MSC Gayane, is owned by a fund run by JP Morgan's asset management unit, according to CNN Business. ...

Super fund to reduce admin costs

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
A $12 billion super fund has moved to significantly reduce the cost of its administration in future years. LGIA super has selected global business process specialist Tech Mahindra to take over and operate its back-office administrative platform. The ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months. In its first six months of operations, AFCA received over 35,000 complaints and 60% of those have already been resolved. ...

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
AMP has confirmed the sale of its life insurance business to Resolution Life is highly unlikely to go ahead. The institution said the sale of AMP Life is highly unlikely to proceed on the current terms do to challenges in meeting the condition precedent ...

Much review about nothing

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
The Government's recently announced review of Australia's retirement income system has been met with confusion by some of the industry's big players. "Speaking at the Bloomberg buy-side forum in Sydney recently, the newly-minted Assistant ...