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Showing 241 - 250 of 559 results for "Latter"

Westpac sells legacy stake in Pendal

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... two other tranches selling in 2015 and 2017. Westpac has also been slowly withdrawing assets managed by Pendal, while the latter also separates its operations from the bank. It will add abouttwo basis points to Westpac's common equity tier 1 capital. ...

Flamingo AI acquisition scrapped

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... ASX-listed Flamingo Ai's proposed sale of its assets to Rymamay Investments has been scrapped after due diligence by the latter, as the parties couldn't agree the terms of the share sale agreement. Flamingo's board has now set itself a 30-day timeline ...

Global manager shuts fund

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
... effect on June 1. The decision came after its largest investor indicated their intention to withdraw their investment as the latter changed its asset allocation. The closure is expected to be finalised by August 7. "In Australia, AXA IM's main core ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
Greg Combet has written to Standing Economics Committee chair Tim Wilson, rejecting the latter's claims of a conflict of interest in IFM's business and the demand for an APRA investigation into industry funds. Last month, Wilson wrote to APRA asking ...

Newgate fund starts new life

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
... million, about 75% of which is held by Lucerne Investment Partners. Sanlam and Lucerne have an existing relationship, with the latter's funds investing in Sanlam's UK-run funds including the Baker Steel Gold Fund. Under Newgate, the fund invested primarily ...

Boom time for exchanges

KANIKA SOOD  |  THURSDAY, 21 MAY 2020
... split across non-trading segments (which increased 7%) and market services revenues (which were up 21%). It attributed the latter to "historic trading volumes in the second half of the first quarter". London Stock Exchange acknowledged the "unprecedented ...

Pendal awards registry mandate

KANIKA SOOD  |  MONDAY, 18 MAY 2020
... funds. Mainstream Group Holdings'Australian business has entered a five-plus-five-year agreement with Pendal to provide the latter's outsourced registry services following a tender process. The mandate includes $19 billion in funds under administration ...

Clime courts Madison Financial Group

KANIKA SOOD  |  MONDAY, 11 MAY 2020
... home to about 100 advisers, was previously owned by Sargon Capital but fell into OneVue's hands in February as the latter looked to recoup money owed to it by Sargon Capital when it went into external administration. It is understood that Clime has ...

Markets slump as US jobless claims hit 30m

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... Index declined by -0.9% overnight with losses in all Northern Hemisphere markets and all sectors," he said. "Among the latter, the declines were led by energy despite a 28% rise in crude prices to US$19.31 per barrel, financials despite fresh central ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... without using the services of another entity on which ASIC would have collected the levy as well. It characterised the latter as "double dipping". The tribunal upheld ASIC's decision.