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Showing 3581 - 3590 of 8182 results for "Institutional"

Industry Super pushes for affordable housing asset class

KARREN VERGARA  |  MONDAY, 6 NOV 2017
Establishing a new asset class that targets institutional funds and offers affordable rental housing could help curb the housing affordability crisis, Industry Super Australia's latest whitepaper shows. ISA chief economist and report author Stephen ...

Westpac sells $12bn asset manager

ALEX BURKE, DARREN SNYDER  |  MONDAY, 6 NOV 2017
... London, Northill manages about US$48 billion in assets. Hastings, meanwhile, manages around $12 billion on behalf of institutional investors. Charter Hall was originally in talks with Westpac to acquire Hastings. At the time, the firm said acquiring ...

More clarity needed on NAB redundancies

JAMIE WILLIAMSON  |  FRIDAY, 3 NOV 2017
The Financial Sector Union of Australia is concerned with NAB's lack of detail provided around plans to cut almost 20% of its staff by 2020. The FSU responded to the news of planned job cuts by demanding urgent talks with NAB chief executive Andrew ...

Charter Hall launches fund, backs consumer spending

DARREN SNYDER  |  THURSDAY, 2 NOV 2017
Property fund manager Charter Hall is betting on Australians to maintain their spending patterns with the launch of a direct, multi-sector fund targeted at precincts tied to consumer staples. The Charter Hall Direct Diversified Consumer Staples Fund ...

NAB to simplify operations via job cuts

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2017
About 4000 NAB employees look set to lose their jobs by 2020 as the bank further automates its business. Releasing its full year results, NAB said a reshaping of its workforce would see the creation of 2000 new jobs to 2020, though overall about 6000 ...

New consultancy bridges IFA support gap

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2017
The rate financial advisers are leaving vertically integrated channels has motivated two industry experts to establish a "ruthlessly independent" community. GreenZone Australia co-founder and partner, Geoff Rimmer, said a significant number of advisers ...

NZ Super Fund to invest $90m in life insurer

ALEX BURKE  |  WEDNESDAY, 1 NOV 2017
The New Zealand Superannuation Fund is proposing to invest NZ$100 million ($90 million) in a large life insurance provider, taking a 41.1% stake in the company. Fidelity Life is New Zealand's largest Kiwi-owned life insurer. Subject to shareholder approvals ...

TCorp and Sunsuper buy UK airports

DARREN SNYDER  |  WEDNESDAY, 1 NOV 2017
New South Wales Treasury Corporation and Sunsuper have purchased significant stakes in two UK regional airports after striking a deal with a large Canadian pension fund. The Ontario Teachers' Pension Plan (OTPP) sold 30% of its stakes in Bristol Airport ...

S&P hit with historic court decision

ALEX BURKE  |  TUESDAY, 31 OCT 2017
... by S&P. These types of products attracted significant investments from multiple investor sectors - SPB mentions institutional investors, private high-net-worth individuals, councils across Australia, significant charitable organisations and churches ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
Outgoing ASIC chair Greg Medcraft believes the big four banks will continue to sell wealth management arms because it's tough to restore the consumer trust repeatedly tarnished by these businesses. Speaking at a Sydney Financial Forum event yesterday ...