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Showing 3921 - 3930 of 22787 results for "Funds"

Ministers told to divest shareholdings

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
... Albanese, federal ministers must divest any direct investments held outside of a public superannuation fund, listed managed funds and some trust arrangements. The code of conduct for ministers states that ministers must divest themselves of "investments ...

ORAH Funds reaches milestone

CHLOE WALKER  |  FRIDAY, 8 JUL 2022
The philanthropic fund, founded by Pengana Capital Group's Russel Pillemer and wife Carole, has reached over $2 million in donations to charity since its inception in 2016. Alongside Pengana, ORAH's service providers include Ageis and Hall & ...

New chief executive at Industry Fund Services

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
... committed, compassionate and capable people." "I'm excited to continue to grow our partnerships with profit-to-member super funds, to help ordinary Australians receive the help they need to retire with dignity." In becoming chair of the Industry ...

Magellan FUM drops again

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
The fund manager's latest update shows its funds under management have dipped to $61.3 billion. Magellan said the changes reflected market movements and outflows. Over the June quarter Magellan saw outflows of $5.2 billion - $1.7 billion from the ...

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
... extension beyond MySuper products for 12 months has been introduced. Favouring the review, the Association of Superannuation Funds of Australia (ASFA) welcomed the government's announcement. ASFA chief executive Martin Fahy said: "The review is timely ...

Growth scare likely during second half of 2022: Report

CASSANDRA BALDINI  |  FRIDAY, 8 JUL 2022
... adding a diversified hedge fund allocation to traditional portfolios may serve as a good diversifier. This is due to hedge funds weathering the storm better than equity of bond beta. Real estate also offered 78% inflation protection and up to 80% when ...

Forrest family hires former ART portfolio manager

ELIZABETH FRY  |  FRIDAY, 8 JUL 2022
... evolve its investment portfolio. It is Australia's second-largest philanthropic organisation, with around $2.5 billion in funds invested in a range of global initiatives. These include improving early childhood education, ending modern slavery and ...

Performance test expansion paused as government announces review

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2022
... integrating ESG investing into a superannuation portfolio can increase tracking error, raising concerns that ESG could lead super funds to negative outcome against the YFYS performance test. YFYS presents a challenge to the rapid adoption of ESG investing ...

ASIC takes Lanterne Fund Services to court

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
... "Despite Lanterne's authorised representatives operating under its licence being responsible for over $1 billion in funds and collectively paying monthly fees of around $180,000 to Lanterne during this period, it appears to ASIC that Lanterne operated ...

Findex promotes new regional partners

CHLOE WALKER  |  WEDNESDAY, 6 JUL 2022
... employs 2700 staff across Australia and New Zealand, servicing a client base of over 250,000 clients, with over $17 billion funds under advice. "The recent appointments lay the foundations for a stronger more united support system across all of Australia," ...