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Showing 2431 - 2440 of 8182 results for "Institutional"

Watermark closes chapter on global equities

KARREN VERGARA  |  WEDNESDAY, 24 APR 2019
Watermark Funds Management has completed its global equity strategy exit and bid farewell to several directors. Watermark's Global Leaders Fund (WGF) and Market Neutral Fund (WMK) were removed from the ASX at the close of trade yesterday. The funds ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
APRA's new enforcement approach to cyber security may mean financial services firms have to conduct fire drills - where fake viruses or phishing attacks are deliberately spread in their systems - to work out the strength of their systems. APRA released ...

Aussie instos among most responsible investors

HARRISON WORLEY  |  WEDNESDAY, 24 APR 2019
Two major Australian institutional investors are among the world's most responsible asset allocators, according to a new report. AustralianSuper and Victoria Funds Management Corporation were recognised for their commitment to responsible long-term ...

New fund administrator enters Australian market

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
A Dublin-based software provider specialising in unit linked investment administration and compliance oversight is entering the Australian market. Financial Risk Solutions first moved into the Asia region in 2018, assisted by its acquisition by Constellation ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

IFM keen on marijuana stocks

KANIKA SOOD  |  TUESDAY, 23 APR 2019
The $120 billion fund manager is finding winners in cannabis stocks as countries increasingly move to legalise marijuana for medicinal use. As part of a $1 billion small caps strategy, IFM Investors has backed companies that have exposure to medicinal ...

Superannuation fund drops fees

KARREN VERGARA  |  TUESDAY, 23 APR 2019
After switching administrators, a $15 billion superannuation fund has dropped a number of its fees. CareSuper has removed several fees from 1 April 2019, including contribution splitting fees ($50), family law splitting fees ($40) and exit fee on withdrawals ...

Former super fund investment lead joins consultancy

ELIZABETH MCARTHUR  |  TUESDAY, 23 APR 2019
... van Zyp and senior associate Vishal Sharma. Parlevliet will focus on enhancing the firm's services for major institutional investors in Australia, including super funds. He has over 28 years of experience in the super industry, previously as chief ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
ASIC warned it may take action on superannuation funds that send misleading communication to members about inappropriate fees and insurance premiums. The warning comes in light of the Protecting Your Super package (PYSP) reforms, which are due to take ...

Stewardship lessons from BlackRock

KANIKA SOOD  |  WEDNESDAY, 17 APR 2019
A new report has drawn insights from BlackRock and five other giants to identify five catalysts that could speed up stewardship among asset managers. Willis Tower Watson published a paper summarising research on six large asset managers who collectively ...