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Showing 3501 - 3510 of 29058 results for "PRI"

E-commerce giant retreats from super

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2023
Just four years on from its much-hyped launch, Kogan Super has closed its doors to new members. Kogan initially flagged its intention to enter the superannuation sector in late 2018, saying it had partnered with Mercer to develop a new "no frills, ultra-low ...

Hejaz rolls out Australia's first Sukuk ETF

ANDREW MCKEAN  |  THURSDAY, 2 NOV 2023
Islamic Finance provider Hejaz has launched Australia's first Sukuk active exchange-traded fund (ETF), offering retail investors a Shariah-compliant fixed income solution. The Hejaz Sukuk Active ETF (Managed Fund) opened on the ASX today, comprising ...

Perpetual loses key executive to First Sentier

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2023
Perpetual has appointed a new chief operating officer, as the incumbent takes on a new role with First Sentier Investors. Amanda Gazal is leaving Perpetual to take up the post of chief operating officer at First Sentier. Since the start of this year ...

GQG makes official bid for PAC

CHLOE WALKER  |  THURSDAY, 2 NOV 2023
Pacific Current Group (PAC) confirmed it received a buyout offer from global fund manager GQG Partners (GQG), valuing the firm at $567.3 million. PAC had been the subject of an initial buyout offer of $388 million by Regal Funds Management (Regal) and ...

La Trobe reveals global strategy, partners

CASSANDRA BALDINI  |  THURSDAY, 2 NOV 2023
La Trobe Financial is harnessing its global network to expand offshore, with the initiative kicked off with the introduction of the La Trobe US Private Credit strategy, a product created in collaboration with Morgan Stanley. La Trobe Financial is broadening ...

Industry fund chief steps down

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
The long-standing chief executive of a $6.7 billion industry fund will leave December 1, after nearly two decades at the helm. Prime Super chief executive Lachlan Baird, who's held the role since 2005 and presided over "considerable change and growth" ...

SPDR slashes fees on six ETFs

CHLOE WALKER  |  WEDNESDAY, 1 NOV 2023
State Street is reducing management fees on six of its SPDR exchange-traded funds (ETFs) following a pricing review, impacting almost 70% of the SPDR business' total local assets under management (AUM). The fee cuts, relating to four domestic sector ...

Regal Partners buys stake in Taurus Funds Management

CASSANDRA BALDINI  |  WEDNESDAY, 1 NOV 2023
Regal Partners will acquire 50% of Taurus Funds Management for an upfront consideration of approximately $28 million cash. The transaction will increase Regal's funds under management to $8 billion and is expected to complete in early November. Established ...

Future Super acquires GuildSuper

JAMIE WILLIAMSON  |  WEDNESDAY, 1 NOV 2023
Future Super Group is ramping up its growth strategy, entering the default super space with the acquisition of GuildSuper. The deal with GuildSuper will see Future Group add about $2.77 billion in funds under management and 99,000 members. This includes ...

Will HNW firms re-enter retail advice?

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
Two major high-net-worth financial advice firms laud the Quality of Advice Review's promises of drastically reduced scrutiny and red tape but have stopped short of saying that they will re-enter the retail client space. JBWere Australia began exiting ...