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Showing 3201 - 3210 of 10367 results for "Trust"

Pinnacle boutique to shut fund

KANIKA SOOD  |  FRIDAY, 13 NOV 2020
Systematic global macro manager Two Trees Investment Management is shutting its Australian unit trust, as assets dwindle and the strategy underperforms. The Two Trees Investment Management's Global Macro Fund will be terminated given its small size. ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
A slew of regulation recommended by the Hayne Royal Commission to tighten the reigns in the superannuation industry will come into force with the introduction of a new bill. Introduced in Parliament on November 12, the Financial Sector Reform (Hayne ...

AIST pokes holes in Your Super, Your Choice

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
The Australian Institute of Superannuation Trustees has criticised the government's Your Super, Your Choice reforms, saying they fail to protect existing members in underperforming funds. Outlining its view of the reforms, AIST pointed out the need ...

Findex appoints chief growth officer

ELIZA BAVIN  |  THURSDAY, 12 NOV 2020
Findex has announced the appointment of a chief growth officer to further support existing clients and grow Findex's customer base in Australia and New Zealand. Chris Carey will join the executive team at Findex, joining from Aon Australia where he ...

NAB Asset Servicing signs up to Charles River

KANIKA SOOD  |  WEDNESDAY, 11 NOV 2020
... share from its $530 billion in total assets under custody for Australia Investors, after being overtaken first by Northern Trust and at last count by Citigroup. State Street is the sixth-largest with $511 billion with about 12.6% of the share of the ...

COVID-19 spurs proactive investing: Study

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... minority (20%) view financial services negatively. Of the few that mistrust their financial institution, 68% cite a lack of trust, 62% think fees are too high and 48% say the industry lacks transparency. More than half believe the bad news they hear ...

Channel Capital in management buyout

KANIKA SOOD  |  TUESDAY, 10 NOV 2020
The Sydney multi-boutique is bidding farewell to its minority equity partner Highbury Partnership, as it enlists a new passive investor to bring ownership back to the management. Highbury invested about $15 million in Channel Capital in 2017 when the ...

Loftus Peak lists active ETF

KANIKA SOOD  |  MONDAY, 9 NOV 2020
The Sydney boutique has listed its top-performing global equities fund on the ASX as an active ETF, while removing it from the mFund market place. The Loftus Peak Global Disruption Fund was the top performer in large-cap global equities funds with 24.2% ...

New fixed income boutique launches

KANIKA SOOD  |  MONDAY, 9 NOV 2020
Former UBS fund manager Chris Baylis, billionaire investor Alex Waislitz and ASX-listed cash platform Cashwerkz have teamed up to launch a new funds management businesses. Fortlake Asset Management is offering four funds, across retail, wholesale and ...

MLC Super overhauls fees

KARREN VERGARA  |  MONDAY, 9 NOV 2020
... All other investment options' admin fees reduced by 0.41% p.a. The same reductions applied to the MLC MasterKey Unit Trust. For example, administration fees for MLC MasterKey Investment Service for the MLC Vanguard Australian Share Index Fund also ...