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Showing 3141 - 3150 of 22782 results for "Funds"

Income Asset Management buys credit fund

CHLOE WALKER  |  THURSDAY, 25 MAY 2023
... differentiated and compelling fund, will help IAM continue to grow recurring revenue through internal investment management," IAM Funds chief executive Jonathan Baird said. At the same time, the group have exited a 25% stake in Fortlake Asset Management. ...

J.P. Morgan launches three new ETFs

CHLOE WALKER  |  THURSDAY, 25 MAY 2023
... US 100Q Equity Premium Income Active ETF (JPHQ) are the latest additions to the Equity Premium Income Strategy suite of funds managed by industry veterans Hamilton Reiner and Raffaele Zingone. The launch comes on the back of the firm's successful ETF ...

Super members want free advice: Survey

KARREN VERGARA  |  THURSDAY, 25 MAY 2023
Most members believe superannuation funds have an onus to provide support and financial advice to them at no cost, a new survey reveals. About 2000 super fund members sitting on a range of income brackets surveyed by robo-adviser Otivo said they are ...

Former fund manager director convicted

CHLOE WALKER  |  WEDNESDAY, 24 MAY 2023
Holly Grofski, formerly of Global Merces Funds Management, has been convicted and sentenced to six months' imprisonment for falsifying documents and providing false information to an auditor. Grofski, whose financial services licence was cancelled by ...

Macquarie terminates alternatives fund

CASSANDRA BALDINI  |  WEDNESDAY, 24 MAY 2023
... fund. We believe that is in the best interests of investors and will give investors the opportunity to invest in alternative funds that are of a more sustainable size." Macquarie said investors in the Macquarie Professional Series Global Alternatives ...

Consulting triopoly dominates NFP super

JAMIE WILLIAMSON  |  WEDNESDAY, 24 MAY 2023
... NFP superannuation market. The figure, which is up from 77% in 2020, is reflective of the ongoing rationalisation of super funds. However, at the same time, it's down from the high of 90% which was seen in 2015 due to super funds increasingly using ...

MySuper inches to $1tn

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
... were in part driven by the Superannuation Guarantee (SG) increase to 10.5% from 1 July 2022 and strong employment. Industry funds ($1.2tn) grew 6% over the period. Retail funds ($680bn) and corporate funds ($56.9bn) on the other hand dropped 1% and 4% ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
ASIC has cancelled the AFSL of Centurion Custodian Funds Management and suspended Huntley Management for non-compliance. The AFS licence of Centurion Custodian Funds Management, a subsidiary of Centurion, has been cancelled effective from January 18. ...

Could the anti-woke movement come to Australia?

ROSE MARY PETRASS  |  WEDNESDAY, 24 MAY 2023
... economy overall." However, there are now more than 20 US states, led by Texas and Florida, which actively prohibit pension funds in their jurisdictions from following ESG principles. In July 2022, The Economist released an article arguing that ESG is ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... formal complaint. In the superannuation sector, one identified issue concerned the provision of insurance attached to super funds. An AFCA investigation uncovered a superannuation trustee that failed to uphold its legislative obligation to deliver MySuper ...