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Showing 11 - 20 of 124 results for "IT Use"

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
Among other companies to confirm their involvement, a second US pension fund has notified members their personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
The Bank of England (BoE) overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide ...

BNP Paribas launches sustainable trusts

ANNABELLE DICKSON  |  FRIDAY, 17 SEP 2021
BNP Paribas Asset Management Australia launched three global sustainability trusts to meet demand from Australian and New Zealand clients. BNP Paribas' Green Bond Trust, EARTH Trust and China Equity Trust adhere to the firm's global sustainability strategy ...

AustralianSuper says no incidents of common ownership

KANIKA SOOD  |  WEDNESDAY, 15 SEP 2021
The industry fund says it analysed its $53 billion Australian equities portfolio and found no instances of common ownership. Common ownership of listed companies is currently the subject of a parliamentary inquiry led by MP Tim Wilson, who has said ...

MSCI reclassifies Pakistan to frontier market

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
The index provider will reclassify Pakistan from emerging to frontier, on the back of size and liquidity. MSCI will implement the change in a single step in November, alongside its semi-annual index review (SAIR). "Although the Pakistani equity market ...

Ellerston rejigs Aussie market neutral fund

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
Ellerston Capital is changing its Australian Market Neutral strategy, as the portfolio manager changes. The old fund, which was managed by Paul Drzewucki, held 50 to 100 positions with net equity exposure staying within -25% and 25%. It used a relative ...

Catholic, Equip SFT to see Fairley exit

JAMIE WILLIAMSON  |  FRIDAY, 18 JUN 2021
With Catholic Super and Equipsuper set to officially merge at the end of the month, chair Andrew Fairley will hand over the reins - but he has "no interest in going home to mow the lawns". After more than 12 years at the helm of Equip, two of which ...

State Super rejigs defensives

KANIKA SOOD  |  WEDNESDAY, 2 JUN 2021
State Super has mandated two managers, as it allocates to Australian investment grade corporate credit and global investment grade structured credit. State Super manages about $42 billion in assets, of which about 20% is in defined contribution schemes ...

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ...

New hybrids ETF on Chi-X

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
Melbourne's Elstree Investment Management has listed a hybrid fund on the Chi-X. The Elstree Hybrid Fund (EHF1) invests in Australian hybrids and interest rate securities, targeting a return over short-term interest rates over a three-year period. "We ...