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Showing 2901 - 2910 of 22782 results for "Funds"

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... the main cause of the decrease in profit was a $44.6 million decrease in management fees due primarily to lower average funds under management. Staff costs were $16.6 million higher compared to the prior period, primarily due to higher variable compensation ...

SG Hiscock partners with US fund manager

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... also recently entered a partnership with abrdn in which the former is the wholesale distribution partner for international funds in the Australian market. In 2017, First State Super awarded a large mandate to EAM Global Investors, which is part of Pacific ...

Australian Retirement Trust completes Woolworths, Endeavour merger

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... Group, adding over 25,000 new members. Following the successor fund transfer (SFT) with Woolworths and Endeavour, ART's funds under management increased by $4.3 billion, pushing its total funds under administration to over $260 billion. The merger ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... PIMCO a mandate to manage its insurance assets and liabilities. At the end of June, it had $413.4 million invested in PIMCO funds, which includes $393.7 million in interest securities and $19.7 million in cash. Life insurance net-profit after tax rose ...

Bravura hires global head of product

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
... identify customer pain points and "how Bravura products can better meet their strategic goals in the wealth management and funds administration space." "Our clients are looking to us to help them drive down costs, reduce complexity and increase efficiencies ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... partnership with the Australian Institute of Superannuation Trustees earlier this year, which is focused on supporting super funds' increased interest in overseas investments. As at June 30, total assets under custody in Australia on behalf of local ...

ISA, AIST announce merger to form new organisation

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
... Superannuation Trustees (AIST) are merging, announcing a new unified organisation to represent profit-to-member superannuation funds. In a joint statement, ISA and AIST said the merged entity aims to champion super fund members, drawing on the combined ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... 37% on FY22. It also recorded a statutory NPAT of $38.2 million in FY23, up 160% from the previous year. Meantime, total funds under administration (FUA) rose 23% to $80.3 billion. "FY23 has been another successful year for the HUB24 Group with strong ...

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... his assets and those of his business, Your Financial Freedom, were frozen. ASIC is investigating fees charged to the super funds of Valvo's former clients between January 2015 and September 2021. It's previously been reported that Valvo is alleged ...

JPMAM launches two active ETFs

KARREN VERGARA  |  TUESDAY, 22 AUG 2023
J.P. Morgan Asset Management has unveiled two active exchange-traded funds (ETF) that will be available on Cboe Australia. JPMorgan Income Active ETF (JPIE) is an active fixed income strategy aiming to generate consistent income with lower volatility ...