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Showing 4441 - 4450 of 22787 results for "Funds"

Hostplus, Statewide formalise merger

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
The two industry superannuation funds will progress merging after signing a Successor Fund Transfer deed. The SFT, due to take place on 1 April 2022, will see Statewide Super transfer its members and investments to Hostplus, effectively creating a $85 ...

QIC, Sunsuper acquire NZ healthcare asset

CHLOE WALKER  |  FRIDAY, 10 DEC 2021
... large surgeon cohort with over 300 surgeons performing more than 57,000 procedures across the portfolio in FY21. The super funds together are looking to put money toward what they describe as a mega-trend for healthcare demand stemming from an aging ...

Super funds lambasted over nuclear holdings

CHLOE WALKER  |  THURSDAY, 9 DEC 2021
New research from the Australia Institute and Quit Nukes shows most major Australian superannuation funds still have holdings in nuclear weapons. Nearly one year since the UN Treaty on the Prohibition of Nuclear Weapons (TPNW) came into force (January ...

Australian Ethical takes stake in boutique

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... investing and the opportunity to build bigger and more meaningful businesses, he said. The ASX-listed firm has $6.6 billion in funds under management. It expects to generate an underlying net profit between $5 million to $5.5 million.

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... despite other research showing institutional investment fees in Australia to be dropping fast to record lows, these super funds are increasing theirs," the research states. "Indeed, for the funds that raised fees, 90% of these involved investment fees ...

IOOF completes platform overhaul

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... investments platform has now finalised. Proprietary platform Evolve currently houses more than 55,000 clients and $17.5 billion in funds under management. In total, Evolve has about 275,000 adviser and client users with $41 billion in funds under administration. ...

FPA names new chief executive

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... executive. Sarah Abood takes the post in mid-January 2022, leaving behind her role as chief operating officer of HOPE Housing Funds Management, a not-for-profit that provides shared equity financing for essential workers. Abood was the chief executive ...

Regal Funds Management takes stake in Attunga Capital

CHLOE WALKER  |  WEDNESDAY, 8 DEC 2021
Regal Funds Management (Regal) has today announced the acquisition of a 51% equity stake in leading power and environmental commodity asset manager Attunga Capital. Founded in 2005, Attunga Capital is the trustee and manager of the Attunga Power and ...

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... super fund members, they would be charged adviser service fees after their death. As a result, 499 deceased members with funds in these products were charged almost $700,000 in fees by Avanteos when it was not entitled to do so. Avanteos has remediated ...

Majority of Aussie fund categories underperform: Data

CHLOE WALKER  |  WEDNESDAY, 8 DEC 2021
... revealing that the majority of Australian fund categories overall showed weak performance persistence in top-performing funds across three- and five-year periods. While comparing active funds against their respective benchmark indices is a typical practice ...