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Showing 3881 - 3890 of 20552 results for "BEN"

Local managed funds fee revenues shrinks

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
Wholesale managed funds reaped $4.5 billion in fee revenue in 2020 but average fees were down 6bps, according to new Rainmaker research. Rainmaker analysed more than 1000 managed funds which had $588 billion in total assets. The average fee wholesale ...

Workers being offered nothing: Keating

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
The Association of Superannuation Funds of Australia annual conference opened with the creator of super, former Prime Minister Paul Keating, alleging the government is swindling workers. Discussing the suggestion that the current government may forgo ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Oh Nikkei, you're so fine You're so fine you blow my mind, hey Nikkei..." My apologies to Toni Basil for re-wording the lyrics to her 1981 hit "Mickey", but anyone watching the rise and rise of the Nikkei-225 index will understand. The Japanese ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
The investment manager recorded a marginal increase in statutory net profit after tax (NPAT) to $222.8 million, up $2.4 million on the previous corresponding period in its half-year results. On a normalised basis, NPAT dropped by 29% to $136.8 million ...

Aware to focus on unlisteds over equities

ELIZA BAVIN  |  TUESDAY, 9 FEB 2021
Aware Super chief investment officer Damian Graham says the super fund is focused on building its unlisted infrastructure portfolio before it puts any more of its cash into stocks. Following the COVID crash in the first quarter last year, Graham said ...

Executive shuffle at Macquarie Group

ELIZA BAVIN  |  TUESDAY, 9 FEB 2021
... today, Martin Stanley will be stepping down as group head of Macquarie Asset Management (MAM) after 16 years in the role. Ben Way is set to step into the position of group head of MAM and join the executive committee to fill Stanley's shoes. Way currently ...

Antares promotes on equities team

KANIKA SOOD  |  TUESDAY, 9 FEB 2021
MLC Asset Management's Antares Equities business has promoted a senior analyst to deputy portfolio manager on an ex-20 Australian equities fund. Winston Chong joined Antares' equities team in November 2019, after working at Gandel family office. ...

Northern Trust boosts whole office strategy

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
Northern Trust has partnered with a multi-asset class investment management platform to streamline its front-to-back office operations offering for asset managers. The alliance will integrate IHS Markit's thinkFolio with Northern Trust's middle office ...

No tech bubble: BlackRock

ELIZABETH MCARTHUR  |  TUESDAY, 9 FEB 2021
BlackRock's macro research team has revealed the $8.7 trillion asset manager is continuing to favour the technology sector going into 2021. "The pandemic has turbocharged transformations that were already underway - from sustainability to inequality. ...

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
"Anything worth doing is worth overdoing. Moderation is for cowards." - Shane Patton Did current US Treasury Secretary Janet Yellen (under Biden's administration) just call former US Secretary Lawrence Summers (under Clinton's) a coward? I refer of ...