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Showing 2591 - 2600 of 21895 results for "Fund."

Global fund managers welcome chief executives

CHLOE WALKER  |  FRIDAY, 15 DEC 2023
Edward M. "Ted" Maloney is set to become chief executive of MFS Investment Management (MFS), while Philippe Setbon has been appointed as chief executive of Natixis Investment Managers (Natixis). Maloney will succeed MFS's current chief executive Michael ...

AustralianSuper in talks to extend administration services mandate

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
AustralianSuper has signed a memorandum of understanding (MoU) with Link Group to negotiate an extension to their core administration services partnership. Link Group's Retirement and Superannuation Solutions (RSS) business and AustralianSuper will ...

Woodford investors approve Link redress scheme

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
Close to 100% of investors trapped in the failed LF Woodford Equity Income Fund have approved the compensation scheme under which up to $438 million will be paid by Link Fund Solutions. About 93.7% of investors - representing 96.1% of the value - voted ...

Australian Retirement Trust selects chief executive

JAMIE WILLIAMSON  |  THURSDAY, 14 DEC 2023
Australian Retirement Trust (ART) has named chief executive Bernard Reilly's successor, assuming the top job in March 2024. David Anderson will take over as chief executive of ART next year, following 25 years at Mercer both in Australia and abroad. ...

BT signposts key issues for advisers in 2024

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
BT has forecast that the unexpected surge in Australian property values, fuelled by population growth and a housing shortage in major cities, is set to galvanise financial advice discussions focused on superannuation and tax strategies. "Good old real ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
Hostplus has notified members that the fees and costs for its Socially Responsible Investment - Balanced option are now "materially higher", blaming increased performance fees. The industry fund recently updated its Product Disclosure Statement (PDS) ...

AustralianSuper supersizes Churchill Asset Management mandate

ANDREW MCKEAN  |  WEDNESDAY, 13 DEC 2023
AustralianSuper has bolstered its existing mandate with Nuveen affiliate, Churchill Asset Management, increasing the investment program size to US$1.5 billion. The A$300 billion super fund and asset manager's partnership, first announced in December ...

Mild recession in 2024, higher interest rates: Vanguard

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
Vanguard predicts that developed countries will grapple with "mild recessions" in 2024 as they manage a "higher-for-longer" interest rate environment. The global fund manager warned in its A return to sound money report that interest rates will remain ...

Soul Patts raises stake in Perpetual

CHLOE WALKER  |  WEDNESDAY, 13 DEC 2023
After its bid to acquire Perpetual was rejected, Washington H. Soul Pattinson (WHSP) has increased its ownership in the fund manager to 11.6%, according to a filing made yesterday. Last week, Perpetual rejected WHSP's $3 billion acquisition offer, saying ...

Internal teams to manage 43% of super FUM by 2043: Data

JAMIE WILLIAMSON  |  TUESDAY, 12 DEC 2023
While just 17% of APRA-regulated superannuation fund under management is currently overseen by internal investment teams, it's estimated this will balloon to almost half the total FUM come 2043. Presently, about 23% of not-for-profit (NFP) super funds' ...