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| | | ... statistics by APRA. As of March 31, Choice products held $1.09 trillion of the total member assets held in APRA-regulated funds ($2.1 trillion), overshadowing the $875 billion held in MySuper products. But MySuper member accounts (14.1 million) outnumber ... |
| | | | ... they find it harder to pass such expenses on to clients. About 200 global asset owners canvassed, which include pension funds, insurers, and endowments, reveal that they find it hard to implement material increases in flat fees for institutional clients ... |
| | | | ... with a US venture capital firm that will expose sophisticated local investors to disruptive technology startups. Apostle Funds Management has partnered with Massachusetts-based Safar Partners, which has some US$620 million ($931.3m) in assets under management. ... |
| | | | ... investor losses are presently unaccounted for, ASIC said. The group operated as an authorised representative of Guildfords Funds Management. The Magnolia Absolute Return Fund I and II, Magnolia Private Capital, Magnolia Direct Investments, Magnolia Wealth ... |
| | | | ... managing director. Prior to E&P, he led corporate restructures for the likes of Babcock & Brown, Slater and Gordon, Hastings Funds Management and Arrium, as well consulted for banks syndicates, bond holders and hedge funds. Anderson is a chartered accountant ... |
| | | | ... fund has signed on with GROW Inc., which currently serves as administrator to its Mercy Super division following the two funds' merger in December 2022. The transition is expected to take place in the second half of 2024. "Partnering with Grow Inc. represents ... |
| | | | ... benchmark for Choice products, both platform and non-platform. "We think that's probably giving a leave pass to those funds, which are operating higher fee products," he said. "We're not really persuaded by the idea that these higher fees are ... |
| | | | Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members. Under the Superannuation Industry (Supervision) Act 1993, super trustees must have processes in place to tackle multiple ... |
| | | | JPMorgan's ' The Future of Superannuation ' report highlights how Australia's largest super funds are leveraging their scale to invest offshore and bolster their internal investment capabilities. This strategic shift is particularly ... |
| | | | ... have not only had to respond to passive investing, but they also need to focus on other forms of competition, such as hedge funds and private equity strategies." Interestingly, only 10% of global respondents said competition from these types of structures ... |
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