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Showing 4941 - 4950 of 20552 results for "BEN"

Former Toys "R" Us executives face fraud charges

ALLY SELBY  |  MONDAY, 16 MAR 2020
Former executives of the popular children's store lined their pockets with $26 million (US$16 million) in bonuses just days before filing for bankruptcy, including a $4.2 million (US$2.6 million) bonus awarded to chief executive David Brandon. This ...

Stand still, get left behind

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
The world of ESG integration into the investment process has moved ahead so rapidly that industry experts agree those who aren't yet on the bandwagon will likely be left behind. In order to keep up with the times, many firms have introduced proprietary ...

Citi to expand local securities team

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
Global financial services giant Citi Group is planning to boost the presence of its Sydney-based securities services team, as it onboards a suite of new custody clients. Citi is expecting to build out its Sydney footprint after it finalised a client ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
Friday the 13th isn't so unlucky after all as it turned out to be a rally day on Wall Street. The S&P 500 index surged by 9.3% while the Dow and the Nasdaq pole-vaulted by 9.4% the day after US President Trump's declaration of a national emergency ...

PIMCO to manage Allianz Real Estate portfolios

KANIKA SOOD  |  FRIDAY, 13 MAR 2020
The fixed income juggernaut will take over management and oversight of the Allianz Real Estate's $125 billion portfolio, bringing it under its private strategies lineup. PIMCO is owned by Allianz Group and the two have agreed to transition the oversight ...

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
The tough times in Australia's life insurance sector have forced the provider to overhaul its pricing. ClearView has revised its pricing across its Life Solutions stepped and hybrid income protection products, as the insurer battles to remain profitable ...

REITs resilient in face of virus: Principal

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
Both local and global REITs are expected to be relatively resilient in the face of recent market turmoil, according to Principal. Janine Yoong, portfolio manager for Principal Global Investors in Australia said property projects such as shopping centres ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
"Danger, Will Robinson!" Danger! Danger! Pick a stock market, any stock market and chances are it's now in a bear market or heading there, struck down by coronaphobia. Yes Virginia, the bears came out of hibernation in full force. There was no place ...

Pension fund chief executive retires

JAMIE WILLIAMSON  |  THURSDAY, 12 MAR 2020
The chief executive of one of the United States' largest pension funds is set to retire after 18 years in the top job. Jack Ehnes, chief executive of the California State Teachers' Retirement System (CalSTRS) has announced his will retire later this ...

AXA IM in strategic overhaul

JAMIE WILLIAMSON  |  THURSDAY, 12 MAR 2020
AXA Investment Managers is splitting its asset management business in two, creating a dedicated alternatives business that will run alongside a strengthened core investments business. As such, AXA IM's leadership team has also been overhauled. AXA IM ...