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Showing 4361 - 4370 of 21770 results for "Dec"

Further $1.4bn FUM drop at Magellan

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
In an update to the ASX this morning, Magellan Financial Group reported its funds under management dropped by a further $1.4 billion in the month to April 29. Magellan's funds under management now sits at $68.6 billion, down from $70 billion at ...

AMG Super hires to distribution team

CHLOE WALKER  |  THURSDAY, 5 MAY 2022
AMG Super has appointed the former head of distribution at Powerwrap to a business development role. Richard Carr is joining the super fund as a business development manager, based in Melbourne. In this role, he will oversee distribution in Victoria ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
The US Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years. In his opening statement, Federal Reserve chair Jerome Powell said: "Inflation is much too high, and we understand the hardship it is causing ...

BennBridge appoints new chief executive

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
Bennelong's offshore subsidiary, BennBridge UK and Europe, has appointed Robert McKillop as chief executive. McKillop has almost 30 years of experience in asset management leadership across investment, distribution, and product functions. McKillop's ...

Datt Capital lashes board nominees

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
Datt Capital has taken aim at Selfwealth and encouraged shareholders to vote against all proposed resolutions at the upcoming extraordinary general meeting, claiming they "equate to a takeover by stealth". Datt Capital, which owns close to 10% of Selfwealth ...

Aussie private capital on the rise: Report

CHLOE WALKER  |  WEDNESDAY, 4 MAY 2022
Australia's private capital industry reached a record $90 billion in assets under management at June 2021, according to Australian Investment Capital (AIC) and Preqin's most recent report. The 2022 Private Capital Market Yearbook report also recorded ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
Yesterday, the Reserve Bank of Australia surprised markets by lifting the cash rate target for the first time in over a decade. The decision to raise rates 25 basis points to 0.35% came as the RBA sought to withdraw the extraordinary monetary support ...

AvSuper, Commonwealth Super Corporation explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 4 MAY 2022
Six months on from commencing its Expressions of Interest (EOI) process, AvSuper has confirmed it will look to merge with Commonwealth Superannuation Corporation. The two funds have signed a Memorandum of Understanding to now conduct due diligence to ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
In the first increase in more than a decade, the Reserve Bank of Australia has raised the cash rate target by 25 basis points to 0.35%. Announcing the decision this afternoon, RBA governor Philip Lowe said the board determined the time is right to begin ...

AIST adds to executive leadership

CHLOE WALKER  |  TUESDAY, 3 MAY 2022
The former regional head for AustralianSuper in the UK has joined the Australian Institute of Superannuation Trustees as general manager, memberships and partnerships. Trish Curry has been appointed to the role. Curry brings 25 years of superannuation ...