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Showing 3011 - 3020 of 22782 results for "Funds"

Australian ETF industry crosses $150bn milestone

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
The ETF industry in Australia has surpassed $150 billion in funds under management, bolstered by net inflows of $4.8 billion since the start of 2023. Betashares chief executive Alex Vynokur highlighted that ETF adoption among Australian investors is ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... part of BT Investment Management, which in turn was part-owned by Westpac. "Perpetual itself has seen significant negative funds flows from its unit trusts, losing 60% of its $1.7 billion total in the June 2022 quarter," Rainmaker said. By analysing ...

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
In the year to March end, total funds under management (FUM) held by platforms, wraps and master trusts dropped by $19.5 billion, according to Plan For Life. Specifically, platforms saw a 1.9% decline from over $1 trillion to $982.5 billion, and year ...

ESR appoints investment, operating chiefs

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
... Mesirow Financial, where he founded the real estate investment management division. In his new role, Daitch will oversee funds management, capital raising, research and analytics, and new product creation. Meanwhile, Lawson will step into the newly created ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... year and told investors it only recorded performance fees of about $1 million. The asset manager reported $17.3 billion in funds under management (FUM) and said the June outflows included about $162 million from the Platinum Trust Funds. It further explained ...

Sequoia expands professional services arm

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... Corporate assists accountants, financial advisers, and lawyers with the formation of companies, trusts, and self-managed super funds. Meanwhile, Castle Legal is its boutique legal practice subsidiary. Sequoia said the acquisition of the Castle businesses ...

Federated Hermes secures $486m for private equity fund

ANDREW MCKEAN  |  WEDNESDAY, 12 JUL 2023
... which was launched in December 2021 with a target of $400 million, closed last month with a total of $486 million. PEC V funds were raised from established investors in the private equity co-investment series, including Local Pensions Partnership Investments ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... their international counterparts and said under the reforms, UK pension providers will commit around 5% of their default funds to unlisted equities by 2030. "I start with Defined Contribution pension schemes, which in the UK now invest under 1% in unlisted ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... (FDIC) to recover $US1.9 billion which it seized upon takeover in March. SVB Financial Group said an inability to access the funds has impacted its reorganisation as the money should be generating more than $100 million in annual interest, Reuters reported. ...

Equity managed funds in record outflows: Calastone

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
Investors abandoned unlisted managed equity funds in record amounts in the June quarter, data from Calastone reveals, as they look to cash and fixed interest for security. Some $2.8 billion is the largest outflow Calastone has recorded in the last five ...