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Showing 3481 - 3490 of 22782 results for "Funds"

Magellan reports $2.6bn net outflows

ANDREW MCKEAN  |  MONDAY, 9 JAN 2023
... institutional outflows of $2 billion. In addition to the net outflows, Magellan also experienced a $4.9 billion decrease in funds under management (FUM) from the previous month. Magellan's retail FUM fell from $20.6 billion to $18.9 billion and its institutional ...

Federal Court finds against finfluencer

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2023
... business. The regulator also wants Scholz prevented from receiving, soliciting, transferring or disposing of any customer funds related to recommending share purchases. "ASIC has warned those who discuss financial products and services on social media ...

Perpetual promotes Anthony Aboud

ELIZABETH FRY  |  WEDNESDAY, 21 DEC 2022
... said. "Vince, Anthony and the team will continue to work toward delivering for our clients across our Australian Equities funds and mandates." Pezzullo replaces Paul Skamvougeras, who planned to depart the fund after the merger with Pendal. Skamvougeras ...

Cbus stalwarts retire, union leader returns

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... for building workers and created the fund, Frank has helped guide the member first focus of not just Cbus, but industry funds in general," he said. "Anne has been a fearless advocate for members in her time as a director and alternate director. Her knowledge ...

Managed accounts dominated by SMAs

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... data, separately managed accounts' (SMA) footprint in the managed account sector has risen dramatically in two years. SMAs funds under advice (FUA) in the past two years increased 151%. Meanwhile, managed discretionary accounts (MDAs) increased by 44% ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
Westpac has reached a $29.95 million settlement in a class action relating to the bank's subsidiaries, BT Funds Management Limited and Westpac Life Insurance Services Limited. Tens of thousands of Australians may receive compensation following the ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... Industry groups, consultants and research houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... stories reveal attention was once again focused on the evolving superannuation sector. The worst performing super products and funds underscore the majority of this year's top stories, while some of the industry's mergers and acquisitions also ...

Centuria buys $70m tomato farm

CHLOE WALKER  |  FRIDAY, 16 DEC 2022
... throughout FY23 and beyond, with the aim of growing CAF into one of Australia's largest unlisted, sector-specific agriculture funds, he said."

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... nearly $20 billion for over 150,000 members. Mine Super chair Christina Langby and TWUSUPER chair Nick Sherry said the two funds share a strong heritage of "member first values" as historically important profit to member industry super funds. "Mine Super ...