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Showing 3351 - 3360 of 22782 results for "Funds"

Airlie founder to step down, successor named

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
The founder of Airlie Funds Management will retire in mid-2023 after spending more than 30 years in the industry. John Sevior established Airlie in 2012 after working 17 years at Perpetual Investments, serving as its head of equities, and overseeing ...

Allan Gray transfers platform, exits super

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2023
Allan Gray Australia is exiting the platform market, inclusive of its superannuation offering, to focus on its core funds management business. Effective April, Allan Gray will transfer the Allan Gray Solutions platform to OneVue Wealth Services. The ...

Magellan sees more outflows

CHLOE WALKER  |  MONDAY, 6 MAR 2023
In February, the fund manager saw net outflows of $0.8 billion, reverting its funds under management (FUM) to $45.4 billion. The result was due to net retail outflows of $0.5 billion and net institutional outflows of $0.3 billion. By asset class, Magellan ...

Adviser exits spur innovation: Report

ANDREW MCKEAN  |  MONDAY, 6 MAR 2023
... mentions that digital advice providers are focused on pitching to corporate customers like larger licensees and superannuation funds. The report notes a rapid increase in advice planning software providers for Australian financial advisers, including ...

ASIC charges former investment company executives

ANDREW MCKEAN  |  MONDAY, 6 MAR 2023
... five years' imprisonment. Benjamin Hornigold, John Bridgeman, and Henry Morgan Limited (in liquidation) were part of a funds management group of companies, with Benjamin Hornigold and Henry Morgan listed on the ASX as investment companies managed ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
... notices against investment management firm Vanguard Investments for misleading statements about the extent to which their funds applied investment exclusions for tobacco-related investments." In total, ASIC has issued over $140,000 in infringement notices ...

Investec Property Fund, Irongate Australia in new JV

CHLOE WALKER  |  FRIDAY, 3 MAR 2023
... African property giant has announced a 50/50 joint-venture with Irongate Australia, leading to a buyout of the latter's funds management operations from Charter Hall. The agreement includes the Irongate Australia Fund Management team, led by Graeme ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... they own a disproportionately high share of super savings, representing 13% of all assets in the market. Not-profit super funds, including Australian Retirement Trust, UniSuper, Commonwealth Super Scheme, and BT Super, have the most affluent members ...

AMP, Dexus extend deal date

CHLOE WALKER  |  WEDNESDAY, 1 MAR 2023
The sale of AMP Capital's domestic real estate and infrastructure equity business to Dexus Funds Management has been extended to allow for the completion of binding documentation. The due date for satisfaction or waiver the conditions precent for the ...

Industry super defies turbulent markets

KARREN VERGARA  |  WEDNESDAY, 1 MAR 2023
... compared to the prior corresponding year. Retail superannuation assets declined by 7% to $659 billion, while public sector funds experienced the largest drop of 24% to finish 2022 at $484.1 billion. The self-managed super funds sector was also down ...