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Showing 481 - 490 of 1395 results for "MAG"

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
As more than $9 billion in super is requested for early release, Australia's largest superannuation fund has paid out over $1 billion, with funds for the industries hardest hit by COVID-19 not far behind. Australia's largest fund, the $185 billion ...

Former licensee head in new role

JAMIE WILLIAMSON  |  WEDNESDAY, 6 MAY 2020
The former managing director of a now-defunct dealer group has taken on a new leadership role at MLC. MLC has confirmed the appointment of Mark Fisher as general manager of Godfrey Pembroke and MLC Connect. Fisher wrapped up as general manager of Securitor ...

Advice group research head departs

HARRISON WORLEY  |  FRIDAY, 1 MAY 2020
The head of research at a major financial advice group has jumped ship, and is set to head up investments in AMP's superannuation trustee office. Miriam Herold is leaving Centrepoint Alliance, as the advice group's research leadership is re-shuffled ...

Financial services boards overpaid: Research

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
Australia's financial services companies are the seventh largest group of companies listed within the ASX100 by market capitalisation, yet their directors are among the most handsomely rewarded. A new report released by Apollo Communications reveals ...

Aussie funds bleed $4bn in March

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
Investors redeemed over $3.8 billion from local managed funds in April, in the largest monthly net outflows on record, according to Calastone. So far, November 2018 has been the only month with material net outflows in Australia as investors responded ...

Chief economist update: BOJ expands Enhancement of Monetary Easing

BENJAMIN ONG  |  TUESDAY, 28 APR 2020
The Bank of Japan (BOJ) added another monetary policy term to our vocabulary at its March 2020 meeting - Enhancement of Monetary Easing - as it tries to limit the economic fallout from the coronavirus. It had the same label for its expanded policy initiative ...

Few redundancies but pay cuts abound: Recruiter

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
The financial services industry in Australia is one of the lucky ones right now with businesses still operational but while firms seem keen to hang on to their people, pay cuts are commonplace. April insights from financial services recruiter Profusion ...

Boutique launches new Aussie equities fund

KANIKA SOOD  |  THURSDAY, 23 APR 2020
COVID-19 shut downs and volatility are not holding back a Sydney-based boutique's plans to launch a new fund. Contact Asset Management tested its new small/mid cap fund via a paper portfolio for 18 months, before hitting launch in mid-March. The ...

Best, worst global equities funds in March quarter

KANIKA SOOD  |  THURSDAY, 23 APR 2020
Paul Moore's PM Capital Global Companies was the worst performing global equities fund in the March quarter in Morningstar's universe, while a Stewart Investors fund came out on top. In the March quarter, while the local S&P/ASX Small Ords Total Return ...

Multi-asset strategies key in COVID-19 crisis: First Sentier

ALLY SELBY  |  THURSDAY, 23 APR 2020
The ability to adjust to rapidly changing economic data is a key advantage of flexible multi-asset strategies during the COVID-19 crisis. In an investor update, First Sentier Investors co-head of multi-asset solution, Kej Somaia said that although market ...