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Showing 471 - 480 of 6679 results for "Sale"

Positives remain at Perpetual, says Morningstar

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
... pressure on Perpetual's management to cut costs, seek out higher-margin clients, and achieve a strong outcome from the sale of the wealth management and corporate trust capabilities to KKR. Morningstar has lowered its fair value estimate from $26 ...

ART executive takes lead super role at Insignia

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
After announcing his departure from Australian Retirement Trust (ART) yesterday, Dave Woodall has been named chief executive of superannuation at Insignia Financial. Earlier this month, Insignia Financial announced an overhaul of its leadership team. ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... record year of sales also resulted in a 26% increase in FUM over the past 12 months, reaching $3.3 billion. "Pleasingly, the sale momentum continues to build for both investment bonds and lifetime annuities, with a healthy pipeline of business set to ...

NZSF returns 17%, smashes benchmarks

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
... better off as a result of investing in the fund instead of repaying debt," Townsend said. During the period, it finalised the sale of its 19.8% stake in Victoria's toll road network ConnectEast Group with co-investors Teachers Insurance, and Annuity ...

Pacific Current sells European boutique

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... made a US$34.25 million ($47m) investment in Carlisle in 2019, which equated to a 16% revenue-share arrangement and 40% of sale proceeds. Luxembourg-based alternative fund manager Carlisle focuses on managing portfolios of life settlements, which involves ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
ASIC has banned two former directors and responsible managers of XTrade, a trading platform that offers clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts. The directors, Shay Zakhaim and Anthony Anderson ...

Boutique ESG fund manager folds

KARREN VERGARA  |  FRIDAY, 19 JUL 2024
... tobacco, uranium, weapons, and predatory lending. A first derivative exposure means the direct or primary owned production or sale of the aforementioned sectors. The fund manager also runs the Tatrai Giving Fund, which donates to charities based on its ...

Perpetual global head of distribution exits

ELIZABETH FRY  |  FRIDAY, 19 JUL 2024
... matter said the decision to eliminate Quaife's role and streamline distribution is not a complete surprise, given the sale of Perpetual's corporate trust and wealth businesses to KKR. He noted that other fund managers are also looking to devolve ...

Clime names acting managing director

ELIZA BAVIN  |  WEDNESDAY, 17 JUL 2024
... said she decided to step down after three years in the top job, having a led a significant restructure including the recent sale of Madison and the managed accounts platform WealthPortal. "Throughout this time, we have navigated an evolving market landscape ...

Spirit Super finds a new custodian

ANDREW MCKEAN  |  TUESDAY, 16 JUL 2024
Spirit Super, which is on track to be the successor fund to CareSuper after a planned merger this year, has replaced its custodian, NAB Asset Servicing. The $30 billion industry fund, which has over 350,000 members, will now receive global custody and ...