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Showing 2921 - 2930 of 8182 results for "Institutional"

Suncorp charged super members incorrect fees

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
The retail superannuation master trust charged incorrect fees to some of its members in the Suncorp Employee Super and Brighter Super funds and is working on remediating clients. Suncorp charged an incorrect investment fee to its members who joined ...

Centuria REIT sees $755m off-market takeover

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
Australia's largest industrial REIT is seeing a $755 million off-market takeover offer from another REIT. PropertyLink Group (PlG) wants to acquire the all outstanding units in the Centuria Industrial REIT (CIP) for a combination of cash and PLG securities. ...

Australia behind when it comes to pay transparency: AXA IM

HARRISON WORLEY  |  FRIDAY, 14 SEP 2018
A global investment manager with about $1.2 trillion in assets under management believes Australia lags behind other developed countries in market disclosure of executive remuneration. AXA Investment Managers' (AXA IM) 2017/18 responsible investment ...

ETFs now at $41.5 billion

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... were in the BetaShares Australia 200 ETF, which added $106 million these creations were possibly for an unnamed institutional investor who swelled the A200'S size by four times in one allocation in August, Financial Standard reported. The highest ...

Firetrail to launch $305m IPO

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... industry to launch LICs as managers eye retail money, which can be higher-fee generating as well as stickier than institutional money. Biggest LIC IPOs so far this year have included: L1 Capital's $1.3 billion IPO, Wilson Asset Management's $466 ...

Pension funds feel the heat on climate change

JAMIE WILLIAMSON  |  THURSDAY, 13 SEP 2018
A study of the world's 100 largest public pension funds has found more than 60% have little or no climate change strategy. This includes a number of Australian superannuation funds. A new report from the Asset Owners Disclosure Project shows 63% ...

Australian Unity's wealth business grows

KANIKA SOOD  |  WEDNESDAY, 12 SEP 2018
Australian Unity's profit after income tax jumped 10% in FY18 even though its revenues dipped slightly. It generated $1.8 billion in revenues and $51.5 million in profit after income tax. Its wealth and capital markets business recorded the highest ...

Nikko expands green bond capability

KANIKA SOOD  |  WEDNESDAY, 12 SEP 2018
The global asset manager has widened the investment universe for its green bonds strategy, as it expands capabilities in the asset class. The mandate for Nikko Asset Management's global green bond strategy now allows it to invest in sovereign, supranational ...

AMP, CBA respond to record class action bid

JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
AMP and Commonwealth Bank have responded to Slater and Gordon's announcement of a potential class action which could see the two parties forced to repay more than $500 million that was unfairly deducted from superannuation fund accounts. Launching ...

Asset manager gives ESG data to BNY subsidiary

HARRISON WORLEY  |  TUESDAY, 11 SEP 2018
A BNY Mellon company has partnered with a global asset manager to integrate ESG data into the investment platforms of its clients. Eagle Investment Systems - a subsidiary of global giant BNY Mellon - partnered with Arabesque to implement its Arabesque ...