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Showing 251 - 260 of 573 results for "Year End"

Cbus invests in UK infrastructure

KANIKA SOOD  |  FRIDAY, 12 OCT 2018
The $47 billion industry fund has taken a direct stake in a UK ports company in which First State Super also holds a share. The investment in Forth Ports is Cbus' first direct offshore investment in infrastructure. It takes Cbus' infrastructure ...

Bank cross-selling success declines: Research

KANIKA SOOD  |  MONDAY, 8 OCT 2018
The big four banks are capturing only about 30% of their customers' total spending on financial services products, according to new research. During the Royal Commission, the banks copped criticism for consistently referring existing customers to other ...

VicSuper among top pension funds, others climb

KANIKA SOOD  |  TUESDAY, 4 SEP 2018
VicSuper is now one of the world's top pension funds, sitting alongside 16 other Australian superannuation funds, according to Willis Towers Watson. The Global 300 research from WTW's Thinking Ahead Institute looked at the world's largest ...

Praemium taps Netwealth analyst for head governance role

HARRISON WORLEY  |  FRIDAY, 31 AUG 2018
A senior Netwealth investment research analyst is moving to Praemium. Damian Cilmi joins the managed accounts provider as its new head of investment managers and governance, starting his tenure on Monday, September 3. With the Praemium SMA already holding ...

BetaShares wins insto allocation

KANIKA SOOD  |  THURSDAY, 23 AUG 2018
A freshly-minted BetaShares ETF has snagged a major investment from an Australian institutional investor, swelling to about four times its size in a single day. In an investment executed last week, an unnamed institutional investor placed $114 million ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... million to $1.31 billion. Eighteen out of 19 direct insurers, and seven out of eight reinsurers reported a profit for the year end. Gross policy revenue increased 6.3% to $24.7 billion year on year, while reinsurance played a more prominent role, increasing ...

Pengana LIC profitable again

KANIKA SOOD  |  WEDNESDAY, 15 AUG 2018
Pengana's listed investment company posted solid profits for the financial year, springing back from last year's losses of $23 million. Pengana International Equities (PIA) raked in a total investment income of $40 million, up 260% over the ...

Praemium revenues inching towards $50m mark

KANIKA SOOD  |  MONDAY, 13 AUG 2018
Praemium's revenue grew by 22% over the previous year, buoyed by new client wins and funds pouring in from its Australian and international businesses. The managed accounts provider generated $43 million in revenues for the year ending June 2018, up ...

Magellan funds record $331m profit

KANIKA SOOD  |  THURSDAY, 9 AUG 2018
Magellan's funds management business topped last year's profits by 33% as Hamish Douglass' stable of well-performing funds continued to collect performance fees and new investor money. Magellan's funds management business now has $59 ...

Fossil fuelled Ireland to divest for climate change

JAMIE WILLIAMSON  |  MONDAY, 16 JUL 2018
... Paris Agreement. "We hope this important piece of legislation will move quickly through the Seanad and be enacted before year end. We must do all we can to prevent climate change from reversing the decades of progress made in reducing poverty worldwide," ...