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Showing 291 - 300 of 1226 results for "FUM"

Magellan FUM back at $50bn

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... management in November. This, after October saw its first increase in months. Magellan has reported that as of November 30 its FUM sat at $50.2 billion down from $51.0 last month. The drop was attributed to a loss of $2.5 billion in net outflows throughout ...

Australian Ethical, Christian Super merger finalised

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
... added that Australian Ethical has undergone a transformation in the past three years and now holds a total of $8 billion in FUM. "The increased scale achieved through this transfer will further grow Australian Ethical's influence and impact as one of ...

Munro, Tribeca now core SOHN Hearts and Minds managers

CASSANDRA BALDINI  |  WEDNESDAY, 16 NOV 2022
... of its total investment portfolio. Munro Partners has a core focus on global growth equities with funds under management (FUM) of over $4 billion, its chief investment officer Nick Griffin has been a conference fund manager to HM1 over the last four ...

Experts weigh in on Brookfield bid for Origin

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2022
... portfolios. AustralianSuper holds the largest allocation of Origin Energy, according to Rainmaker Information, with $835 million FUM in its MySuper option. Hostplus holds $130 million in its MySuper option and Rest holds $119 million. Rounding out the ...

CareSuper flags merger with Spirit Super

ANDREW MCKEAN  |  WEDNESDAY, 9 NOV 2022
... and Spirit Super would combine to create a fund with over 500,000 members, and over $45 billion in funds under management (FUM). In a joint statement, CareSuper chair Linda Scott and chair of Spirit Super Naomi Edwards said: "Both funds have identified ...

Pendal reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
... supported by TSW's higher operating margin and cost management across the group. However, the group's funds under management (FUM) declined by 25% to $104.5 billion. Last year it was $139.2 billion. Summarising the results, Pendal chief executive ...

October proves kinder to Magellan

CHLOE WALKER  |  FRIDAY, 4 NOV 2022
... After months of decreasing funds under management, Magellan Financial Group has reported the slightest of increases to its FUM despite further outflows. As at October end, Magellan's FUM sat at $51 billion; a month earlier it was $50.9 billion. Its global ...

Fidante revamps brand, online offering

CASSANDRA BALDINI  |  THURSDAY, 20 OCT 2022
... digital tools will support customers and their financial advisers. Challenger further reported its funds under management (FUM) is $91 billion, a decrease of $2.4 billion or 3% for the quarter. It explained this was primarily driven by Fidante. Fidante's ...

Magellan targets $100bn in five years

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2022
... implement a long-term incentive plan that aligns to the five-year strategy for business success. Reaching $100 billion in FUM in five years will mean doubling its current FUM, which stood at $50.9 billion at September end. It has consistently dwindled ...

Perpetual takeover of Pendal progresses

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
... stand outs in delivering strong outperformance for our clients." Separately, Pendal gave a quarterly update to investors, its FUM for the September quarter is $104.5 billion, down from $111 billion the previous period. Pendal Group chief executive Nick ...