Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3391 - 3400 of 22782 results for "Funds"

Australia survives global pension rout

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
Amid the largest drop in global pension assets since the GFC, Australian super funds held steady with lower bond allocations and Super Guarantee flows. Global pension assets had their largest annual decline since the GFC, dropping 16.7% to $47.9 trillion ...

Magellan profits down 67%

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
... this morning, though did declare an interim dividend of 46.9c per share, 85% franked. It's also seen a 52% reduction in funds under management (FUM) over the six months to December 31 last year (1H23), falling from $112.7 billion to $53.8 billion. According ...

Knight Frank, Berkadia form international alliance

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
... providing clients with access to the most active cross-border investors, international institutions, banks, and sovereign wealth funds. The platform spans all major capital hubs and sources of capital, including Asia Pacific, the US, Europe, the UK ...

Australian Retirement Trust, AvSuper sign merger MoU

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2023
The two funds are considering merging, after AvSuper's plans with Commonwealth Superannuation Corporation (CSC) fell through. Australian Retirement Trust (ART) and AvSuper have signed a Memorandum of Understanding (MoU) to explore a merger, commencing ...

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
Netwealth has reached $62.4 billion funds under administration (FUA) and posted record earnings in its H1 FY23 results. Netwealth's FUA grew 10.2% to the prior corresponding period (pcp). The company's underlying EBTIDTA, excluding non-cash share-based ...

HALO acquires UK fund manager

CHLOE WALKER  |  WEDNESDAY, 15 FEB 2023
The purchase of London-based Resilient Funds Management is set to fast-track the equities research and software firm's entry into UK and European markets. The deal, funded by capital raising during HALO's IPO, marks a material milestone for ...

Equity Trustees names super head

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... strategy to concentrate on independent outsourced trusteeship in the super sector. This led to a significant increase in funds under supervision from $1 billion to $40 billion. Equity Trustees managing director Mick O'Brien commented: "Andrew comes to ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... term maturities were reinvested into a new product. Meanwhile, institutional sales fell 14% to $2.9 billion. Challenger's Funds Management business EBIT was down 42% to $31 million, due to lower average funds under management (FUM) of $93 billion compared ...

Mason Stevens welcomes former Iress chief

CASSANDRA BALDINI  |  TUESDAY, 14 FEB 2023
... accelerated growth. "Despite a turbulent year in global financial markets, Mason Stevens has achieved record growth in revenue and funds under management and administration, by providing its high performing and innovative platform with investment support ...

Praemium extends partnership with largest client

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... Escala Partners for a further six years. Escala Partners is Praemium's largest client, with approximately $7 billion of funds under administration on the Powerwrap platform. As part of the new services agreement, Powerwrap and Escala will work collaboratively ...