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Showing 331 - 340 of 1226 results for "FUM"

HESTA, Mercy Super look to merge

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
... Queensland to provide benefits for staff and employees. It became Mercy Super in 1992. Today it has about $1.7 billion in FUM. HESTA said the merger is part of a chapter of growth for the fund, intended to "continue to position HESTA as the fund of choice ...

Magellan shares punished after FUM drop

ANDREW MCKEAN  |  MONDAY, 6 JUN 2022
In an update to the ASX this morning, Magellan Financial Group reported that its funds under management dropped $3.6 billion in the month to May 31. Magellan's funds under management now sits at $65 billion, down from $68.6 billion at the end of April. ...

Magellan appoints new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... Douglass. In its most recent funds under management update, published this week, Magellan reported a further $1.4 billion drop in FUM during the month of April. In March it saw $1.1 billion in net outflows, while about $5 billion was lost in a single ...

Pendal sees profits rise, to focus on costs

JAMIE WILLIAMSON  |  TUESDAY, 10 MAY 2022
... under management to $133.3 billion. The Australian and UK and Europe businesses only marginally attributed to the growth in FUM, with the vast majority coming from the US which saw its average FUM jump from $27.2 billion in 1H22 to $63 billion. Operating ...

Further $1.4bn FUM drop at Magellan

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... billion of the loss was seen on the retail side, while institutional funds accounted for about $500 million. Total retail FUM now sits at $24.8 billion while institutional FUM is $43.8 billion. The decrease was largely seen its global equities capabilities ...

Hostplus, Statewide Super finalise merger

JAMIE WILLIAMSON  |  FRIDAY, 29 APR 2022
... home to 1.5 million members after merging with Statewide. This places them in the top five funds by membership and top 10 by FUM. In the past two years, the fund's FUM has grown by close to 60% and its membership is up 22%. With another merger with the ...

Challenger expects to reach full-year profit guidance

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
Despite a dip in funds under management (FUM), Challenger expects to be toward the upper end of its full-year profit guidance range. Challenger reported its FUM as being $100 billion, down 8% for the quarter. The company said this fall reflected the ...

Magellan suffers $1bn in outflows

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... Douglass as chair, announced the firm would buy back 10 million ordinary fully paid shares or 5.4% of shares outstanding. Total FUM at Magellan is now $25.7 billion in its retail business and $44.3 billion in the institutional business.

More Diversa super products to wind up

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... MYONESUPER and Super Prophets follows GigSuper - also a Diversa product - going into administration with about $2.8 million in FUM. Another sub-plan Diversa oversaw, Zuper, also closed in 2021 after failing to reach sufficient scale. Its closure came ...

Morningstar bets on active fund managers

KARREN VERGARA  |  MONDAY, 21 MAR 2022
... net profit after tax to decline just 9% per year over the next three years to $315 million from $413 million in fiscal 2021. FUM is anticipated to grow to $99 billion by 2026, driven by market returns averaging 15% per year. The market, Morningstar said ...