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Showing 4971 - 4980 of 22789 results for "Funds"

Perpetual adds to board

ANNABELLE DICKSON  |  MONDAY, 28 JUN 2021
... new $284 million debt facility (nearly 50%) and cash (10.6%). The acquisition is estimated to have tripled Perpetual's funds under management from $28.4 billion to $92.3 billion.

Mainstream bidding war over

ANNABELLE DICKSON  |  MONDAY, 28 JUN 2021
... the further revised SS&C scheme and terminated discussions with Apex. Mainstream's recently recorded $272.2 billion in funds under advice, as its Pendal win and inflows delivered a 21% uptick in FUA from the previous quarter. The administrator currently ...

Hostplus, Intrust merger now official

KANIKA SOOD  |  FRIDAY, 25 JUN 2021
The two funds have confirmed they have signed a successor fund transfer deed to chase a merger, as first revealed by Financial Standard on May 21. Hostplus and Intrust Super are targeting a completion of the merger by November 26. It is understood that ...

Pendal appoints head of product

KANIKA SOOD  |  FRIDAY, 25 JUN 2021
... ($414 million). TSW is headquartered in Richmond, Virginia and runs primarily in long-only equities with US$30.5 billion in funds under management. Pendal said the purchase price was 7.6x the first half 2021 EBITDA (annualised, excluding synergies). ...

AMP board adds former banking chief

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... director. Michael Hirst joins the ASX-listed firm on July 1, bringing over 40 years of experience in leadership roles across funds management, treasury and banking. Hirst was the chief executive and managing director of Bendigo and Adelaide Bank. He ...

Aussie investors optimistic about returns

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... with them in this recovery phase of the market to ensure their investment portfolio has the right mix of actively managed funds to achieve the desired result. The 2021 Natixis Global Survey canvassed 8500 global investors with $131,700 (US$1000,000) ...

Buffett resigns from Gates Foundation

ELIZABETH MCARTHUR  |  FRIDAY, 25 JUN 2021
... and Melinda Gates Foundation. "For years I have been a trustee - an inactive trustee at that - of only one recipient of my funds, the Bill and Melinda Gates Foundation (BMG)," Buffett said. "I am now resigning from that post, just as I have done at all ...

MSCI reviews emerging market classifications

ELIZABETH MCARTHUR  |  FRIDAY, 25 JUN 2021
... from 'emerging' to 'standalone' market status. A reclassification to 'standalone' means these markets will not be capturing funds from investors who seek exposure to emerging markets indexes through various instruments like ETFs. "Since September 2019 ...

Industry split on paid vaccine leave

JAMIE WILLIAMSON  |  FRIDAY, 25 JUN 2021
... union has so far written to 71 employers in the financial services sector, including banks, insurers and superannuation funds. As it stands, the FSU has received just 24 responses. Of those, just one has agreed to what the union is specifically asking ...

Channel Capital adds Cayman director

KANIKA SOOD  |  THURSDAY, 24 JUN 2021
... joined Channel's Cayman business earlier this year as an executive director. "Carl is very experienced in the alternative funds environment. He will add depth to our governance platform and will work closely with our clients to help them navigate ...