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Showing 4711 - 4720 of 22787 results for "Funds"

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
The prudential regulator is cracking down further on the superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives ...

Sunsuper, QSuper finalise executive team

ELIZABETH MCARTHUR  |  FRIDAY, 10 SEP 2021
The funds have announced two new hires as they work towards finalising their merger and the creation of a $200 billion Queensland mega fund. Anthony Rose has been appointed chief financial officer, and Helen Jackson has been appointed chief people officer. ...

Legislation introduced to create Queensland mega fund

JAMIE WILLIAMSON  |  THURSDAY, 9 SEP 2021
... treasurer and minister for investment Cameron Dick introduced the legislation into parliament after it was delivered by both funds' boards. The bill aims to enable the merger while "protecting the existing entitlements and benefits of members", Dick ...

ASX eyes a bigger slice of fixed income active ETFs

KANIKA SOOD  |  THURSDAY, 9 SEP 2021
... income securities that sit outside an index to be considered for listing on the ASX as an ETF. As an example, fixed income funds with holdings in asset-backed securities and mortgage-backed securities will now be able to seek an ETF listing on the ASX. ...

Pallas Capital raises $194m

KANIKA SOOD  |  THURSDAY, 9 SEP 2021
... reached $1 billion in cumulative transactions since its launch five years ago. June alone brought $85 million in investor funds. For the three months to August, capital commitments were 56% higher than the March to May period. "Continued lockdowns and ...

Pinnacle acquires third-party distributor

KANIKA SOOD  |  THURSDAY, 9 SEP 2021
... Winston's business includes raising early-stage seed capital for new boutiques, supporting retail distribution for open-ended funds, and raising for closed-ended funds. Winston Capital Partners founding partner Andrew Fairweather said: "We thank ...

Tim Wilson grills NAB on super ownership

ELIZABETH MCARTHUR  |  THURSDAY, 9 SEP 2021
Liberal MP Tim Wilson has grilled National Australia Bank chief executive Ross McEwan on whether super funds have undue influence over Australian banks, as funds own larger portions of the ASX. Wilson asked NAB whether super funds, as shareholders ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... transaction expected to complete in the coming months. CFS's MySuper product FirstChoice was recently named among the 13 funds that failed APRA's first performance test for MySuper members. On the day CFS was slated to receive the results (and ...

Fund manager names new chief executive

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
... "As IML's business grows and the firm develops new investment strategies and products, such as active exchange-traded funds and retail investment offerings from Natixis Investment Managers affiliates, it's a natural progression to appoint a dedicated ...

AZ NGA takes stake in boutique

ANNABELLE DICKSON  |  WEDNESDAY, 8 SEP 2021
... Financial Group to assist in building scale. Cranage Financial Group is a self-licensed advisory firm with $300 million in funds under management, $2 million in annual in-force life insurance premiums and six financial advisers. The stake includes a ...