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Showing 331 - 340 of 6744 results for "Profit"

Asset managers need to improve performance: Morningstar

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
... challenges such as fee compression, wage inflation, and the need for business development investments continue to pressure profit margins. "We believe traditional active managers' competitive position is weakening overall," Morningstar said. "However ...

Mandate appointments sink to new lows

ANDREW MCKEAN  |  THURSDAY, 17 OCT 2024
The number of mandates awarded by not-for-profit (NFP) super funds and investment managers has spiralled into freefall, according to the latest Rainmaker Information research. NFP super funds and investment managers made 76 mandate appointments in the ...

Profile Financial Services chief resigns

KARREN VERGARA  |  FRIDAY, 11 OCT 2024
... achievements during her time as chief executive included successfully divesting the funds business, significantly strengthening profit drivers and organic growth capabilities. "The exciting strategies we have in place are a testament to Lena's hard ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... performance in retail super, with FUM rising 9.9%, making it the second fastest-growing segment after MySuper. Not for profit (NFP) funds' FUM increased by 9.1%, while small funds, predominantly self-managed super funds, saw growth of 7.5% Superannuation ...

Iress rejigs leadership team

ANDREW MCKEAN  |  WEDNESDAY, 9 OCT 2024
Iress has promoted from within to fill a new deputy chief executive role, to allow chief executive Marcus Price to focus more on strategic growth opportunities. It comes as the group also loses the co-founder of Xplan. The financial software and data ...

MFF Capital Investments to acquire Montaka Global Investments

ANDREW MCKEAN  |  TUESDAY, 8 OCT 2024
MFF Capital Investments has flagged its intention to acquire Montaka Global Investments in a bid to sharpen its "research focus and capabilities". The acquisition is expected to be finalised by early 2025, pending final agreements. Montaka Global's ...

AMP Advice expands network

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
The advising-arm of AMP continues to expand its network after reporting revenue growth in 1H24. Its advice revenue and revenue per practice have increased 16% and 11.6% respectively on the last quarter, AMP said. In addition, AMP said Melbourne-based ...

QIC reports $9bn record earnings

KARREN VERGARA  |  WEDNESDAY, 2 OCT 2024
... increased to $111.7 billion with the help of 70% of investments exceeding performance objectives. It earned operating pre-tax profit of $125 million in FY24. An additional $252.5 million will be returned to the Queensland government as a shareholder. ...

Acadian, Yarra among most commonly used external managers by super funds

ANDREW MCKEAN  |  THURSDAY, 26 SEP 2024
... asset consultants may be expected to decline. Yet, this has failed to materialise. In fact, the "overwhelming majority" of profit-to-member continue to engage external asset consultants. "... for smaller funds, they may essentially be a 'full service' ...

Soul Patts sees profits slide 28%

ELIZA BAVIN  |  THURSDAY, 26 SEP 2024
Washington H. Soul Pattinson reported a drop in statutory net profit after tax from $609.7 million in FY23 to $498.8 million in FY24. The fall was attributed to lower profits from some of the group's major holdings in New Hope and Brickworks in its ...