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Showing 4271 - 4280 of 22787 results for "Funds"

HESTA endorses super splitting initiative

CHLOE WALKER  |  WEDNESDAY, 23 FEB 2022
HESTA is recommending super funds adopt a new process to make the splitting of assets easier following the results of a successful pilot program. HESTA is the first Australian super fund to adopt the Simpler Super Splitting initiative, which uses a ...

Prime Value hires Rest portfolio manager

KARREN VERGARA  |  WEDNESDAY, 23 FEB 2022
... small-cap stock picker and will be a fantastic addition to our team." Prime Value Asset Management's small and micro-cap funds recently surpassed $200 million in funds under management. Chief executive and founder Yak Yong Quek said: "Demand for ...

BlackRock strengthens Australasia, APAC leadership

CHLOE WALKER  |  WEDNESDAY, 23 FEB 2022
... the Australian board and have high-level responsibility for sales and client servicing across sovereign entities, pension funds, banks, insurers, asset managers, asset consultants, family offices and financial advice practices," BlackRock said.. Across ...

Iress restructures investment management, advice roles

KARREN VERGARA  |  TUESDAY, 22 FEB 2022
... infrastructure; his new duties will bring together clients with specialist growth needs in areas such as superannuation and managed funds. Iress chief commercial officer Simon New said: "We would like to thank Kirsty and Tizzy for their considerable ...

HUB24 continues growth trajectory

ELIZABETH MCARTHUR  |  TUESDAY, 22 FEB 2022
... announced a full franked half-year dividend of 7.5 cents per share, an increase of 67% on the first half of 2021. Total funds under administration for HUB24 grew to $68.3 billion, with $50 billion of that on the platform. It is significant platform FUA ...

CalPERS, CalSTRS face fossil fuels ban

JAMIE WILLIAMSON  |  MONDAY, 21 FEB 2022
Two of the world's largest pension funds could be forced to divest all fossil fuel companies and be banned from making any further investments under a new bill. The Fossil Fuel Divestment Bill to advance California Climate Goals was introduced into ...

GigSuper folds, administrator takes over

KARREN VERGARA  |  MONDAY, 21 FEB 2022
... self-employer superannuation and grow to 60,000 members and over $2 billion in total assets by 2026. A barrage of Millennial super funds launched around the same time as GigSuper. Rainmaker Information estimated that in 2019, this sector controlled $130 ...

Expansion strategy boosts Sequoia results

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... in revenue in its half-year results, up 14% year on year, while after-tax profit of $1.5 million grew by 17%. Collective funds under management for the accounting and business advisory, wealth management, SMSF and capital services divisions reached $1.1 ...

Private debt and YFYS: Research

ELIZABETH MCARTHUR  |  FRIDAY, 18 FEB 2022
... could sit higher for the younger cohorts that have a longer investment time horizon, the analysis indicated. "Whether super funds' default option is a Balanced fund or a lifecycle strategy, introducing or increasing private debt in the strategic asset ...

Magellan promises better investment performance

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... interim reporting period, up 24% year on year. Excluding the St. James's mandate, this comes down to $216 million. Total funds under management of $95.5 billion sank 16% compared to the prior corresponding period. About 68% of this comes from institutional ...