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Showing 21 - 30 of 1054 results for %22FUM for%22

Aussie ETF industry hits $177.5bn

CHLOE WALKER  |  TUESDAY, 16 JAN 2024
... There are now 94 active ETFs trading on Australian exchanges with a total of about $35 billion of funds under management (FUM). However, Israelstam said most of these assets come from existing FUM that has been 'converted' to the exchange via the 'open ...

Pinnacle collects large performance fees, writes down OpenInvest

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
... Pinnacle said, adding that it is entering the second half with "grounds for cautious optimism". "We also expect that opening FUM as at 1 January 2024 will be higher than the average during 1H FY24 and this will contribute to the 'skew' in our results ...

Loftus Peak to take over Orca fund

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... returned 33.7% in the 12 months to November 2023 end. At the same date, it held just $154.1 million in funds under management (FUM). The Loftus Peak Global Disruption Fund has roughly double the FUM and returned 38.72% over the same period. Under the ...

More outflows for Platinum

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... Platinum recorded net outflows of about $235 million to finish the year with $15.4 billion in total funds under management (FUM). Compared to December 2022, Platinum's FUM was 15% higher at $18.2 billion. A large portion of net outflows stemmed from ...

NAB, Jarden to launch NZ wealth business

CHLOE WALKER  |  THURSDAY, 14 DEC 2023
... total of 113 advisers, with NZ$29 billion of funds under administration (FUA) and NZ$15 billion of funds under management (FUM), which includes NZ$5 billion of KiwiSaver FUM. It will be led by Malcolm Jackson, the current chief executive of Jarden's ...

Internal teams to manage 43% of super FUM by 2043: Data

JAMIE WILLIAMSON  |  TUESDAY, 12 DEC 2023
... under management is currently overseen by internal investment teams, it's estimated this will balloon to almost half the total FUM come 2043. Presently, about 23% of not-for-profit (NFP) super funds' FUM is managed internally. However, NFPs command about ...

Coastal Advice Group expands reach

CHLOE WALKER  |  WEDNESDAY, 6 DEC 2023
... Upon completion, Coastal Advice will boast a team of 15 advisers and serve over 2000 clients, with funds under management (FUM) exceeding $1 billion. The firm said it plans to further expand through strategic hires, bringing the estimated team size to ...

Superhero Super swallows Smartsave, overhauls offerings

KARREN VERGARA  |  TUESDAY, 5 DEC 2023
... Super had $142.8 million in assets under management at the end of June. Smartsave's Employer Super had $609.4 million in FUM. Superhero Super did not comment on how much the fund managed post-merger. On the changes, Superhero chief executive and ...

Commonwealth Super Corp selects Challenger for retirement products

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... decision confidently and knowledgeably, it said. CSC has over 745,000 members and $63.3 billion in funds under management (FUM).

COG drops bid for Diverger

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
COG Financial Services (COG) has withdrawn its proposal to acquire Diverger, citing concerns that shareholders may not support its $27 million offer. Last month, COG presented its non-binding indicative offer, stating its intention to pay $1.4083 per ...