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Showing 3091 - 3100 of 9316 results for "Red"

GAM cuts jobs, reviews pay

JAMIE WILLIAMSON  |  WEDNESDAY, 15 APR 2020
GAM Investments has announced it is accelerating its efficiency program, confirming it has completed a round of voluntary redundancies while another is ongoing. It is also reviewing remuneration arrangements across the group. Earlier this year GAM announced ...

Asset manager hires new chief executive

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
Australian Standfirst Asset Management has named its new chief executive, with a specific focus on family office. Michael Barnes has been appointed to the role, following a history of working as an ultra-high net worth and family office accountant. ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
"It is very likely that this year the global economy will experience its worst recession since the Great Depression, surpassing that seen during the global financial crisis a decade ago. The Great Lockdown, as one might call it, is projected to shrink ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
ASIC has announced three temporary measures to assist the industry with providing affordable and timely advice during the COVID-19 crisis. It has also confirmed it is delaying its work on grandfathered conflicted remuneration and life insurance advice. ...

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
Executives and directors of a $12 billion Queensland superannuation fund have committed to a 10% decrease in their remuneration until at least June 30 as the COVID-19 pandemic rolls on. LGIAsuper will fund the 10% pay cut through the executives' ...

AMP Capital wholesale property fund rejigs withdrawals

KANIKA SOOD  |  TUESDAY, 14 APR 2020
AMP Capital's wholesale Australian property fund is moving asset valuations from quarterly to monthly, has fixed the distribution payouts for this year and is altering withdrawals during the COVID-19 pandemic. The fund, which currently allows monthly ...

Pendal reports $3.9bn in outflows, slips below $100 bn

KANIKA SOOD  |  TUESDAY, 14 APR 2020
Investors pulled out $3.9 billion from Pendal Group's strategies in the March quarter, led by Westpac redeeming about $1.3 billion in February as it consolidates its superannuation products. Pendal Group went from managing $101.4 billion at December ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
A Chinese-Australian funds manager has slammed changes to the foreign investment review framework, arguing they will damage the Australian economy and its managed funds businesses. Atlas Advisors Australia said the new temporary FIRB rules would curb ...

Chief economist update: BOK holds as infections ease

BENJAMIN ONG  |  TUESDAY, 14 APR 2020
South Korea's KOSPI index has rebounded by 26.5% from the coronavirus-induced plunge that saw it hit an 11-year low of 1457.6 points recorded on March 19 this year - reducing its 2020 year-to-date loss by more than half to -16.1% from -33.7%. Similarly ...

Asset values could drop to 2017 levels: MSCI

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
MSCI believes the unlisted real estate assets of Australia's superannuation funds could drop to levels last seen in late 2017 as a result of recent out-of-cycle write downs on unlisted assets. New analysis by MSCI Research executive director Bryan Reid ...