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Showing 241 - 250 of 1226 results for "FUM"

Magellan's FUM falls again

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
Magellan Financial Group has taken yet another blow to its funds under management (FUM), falling $1.7 billion during the month of June. Magellan's FUM now sits at $39.7 billion. It experienced net outflows of $2.1 billion in the month, which included ...

Bentham opens fund to retail investors

CHLOE WALKER  |  TUESDAY, 4 JUL 2023
... securities, asset-backed securities and derivatives. Today, the fund manages over $500 million in funds under management (FUM) with positive returns recorded over past five years. Bentham principal and chief investment officer Richard Quin said the fund ...

ASIC deepens investigation into Magnolia founder

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... "Uncharacteristically for an Australian actively managed fund, however, Magnolia has contributed 70% of the funds under management (FUM) from its own balance sheet to date," he said.

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... under one brand and model, being Australian Ethical," the business update said. "The higher level of funds under management (FUM) now presents Australian Ethical the opportunity to both continue to invest in the business to capture the significant addressable ...

Greg Combet steps down as IFM Investors, ISA chair

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
... commence operations from July. Significant growth was recorded under Combet's tenure at IFM, with funds under management (FUM) growing from $50 billion in 2014 to $217 billion as of 31 March 2023. He attributed this success largely to Garry Weaven ...

First Sentier clients walk away with $13bn

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... VanEck with $1.9 billion. Meanwhile, the La Trobe Australian Credit Fund 12 Month Term Account received a $1.2 billion boost in FUM, ending the period at $7.3 billion. Macquarie's Enhanced Australian Fixed Interest Fund, with $1.1 of positive net ...

CareSuper, Spirit Super charge ahead with $50bn merger

ANDREW MCKEAN  |  FRIDAY, 2 JUN 2023
... to merge, set to finalise by late 2024. The combined superannuation entity will have $50 billion in funds under management (FUM) and serve over 500,000 members. Last year, former CareSuper chief executive Julie Lander revealed plans to consider merger ...

Hostplus surpasses $100bn in FUM

CHLOE WALKER  |  WEDNESDAY, 17 MAY 2023
... combination of mergers and strong member growth. According to APRA data, as of June 2022 the fund had about $82.5 billion in FUM. Less than 12 months later, it has tipped over $100 billion, held on behalf of 1.7 million members. Hostplus chief executive ...

More misfortune for Magellan

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
Once again, Magellan Financial Group has experienced a drop in its total funds under management (FUM), falling a further $0.5 billion. It saw net outflows of $2.4 billion, comprising net retail outflows of $0.4 billion and net institutional outflows ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... seeking opportunities to generate long-term returns," he added. Of note, as of March 31, the total funds under management (FUM) reached $250.5 billion.