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Showing 481 - 490 of 2719 results for "PIC"

Cbus appoints new technology chief

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
The $54 billion industry fund has appointed a new chief information technology officer, joining the fund from Latitude Financial. Mirella Robinson has joined the fund, replacing Rob Pickering who Financial Standard reported departed the fund in September. ...

AMP Capital shutters Aussie equities fund

KANIKA SOOD  |  MONDAY, 16 NOV 2020
AMP Capital has decided to close its 19-year old sustainable share fund, after its portfolio managers Genevieve Murray and Emily Woodland announced their resignations in August. In a notice sent to investors on Friday, AMP Capital attributed the closure ...

Emotions lead to losses: Oxford Risk

ANNABELLE DICKSON  |  TUESDAY, 10 NOV 2020
Making emotional decisions by increasing allocations to cash throughout market volatility can lead to long term losses, but diagnostic tools for financial advisers may solve the problem, according to a behavioural finance expert. Oxford Risk said investors ...

The hits you don't see hurt the most: Aviva

ELIZABETH MCARTHUR  |  MONDAY, 9 NOV 2020
A survey of institutional investors representing over €2 trillion in assets under management, conducted by Aviva Investors, demonstrated that COVID-19's blows to real assets have left pension funds wary. Less than half of insurance companies (49%) ...

Pendal profits tumble 25%

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
Pendal reported $116.4 million or 25% lower net profit after tax in the year ending September, even as inflows started to pick up in the last three months. The figure includes its seed investments' movements which were marked-to-market. If it weren't ...

Dorsey holds reigns at Twitter

ELIZA BAVIN  |  WEDNESDAY, 4 NOV 2020
Twitter chief executive Jack Dorsey has held onto his position after Elliot Management corporation raised concerns about his leadership earlier in the year. In a filing to the SEC, Twitter said an independent committee, in cooperation with Elliott Management ...

Fastest-growing AFSLs in the country

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
New research from Rainmaker Information shows which licensees added the most advisers in the 12 months to September end. And which AFSLs have the biggest market share. Overall, there were 19,357 advisers attached to an AFSL at September end, down 2597 ...

Perpetual equities fund cops ratings downgrade

KANIKA SOOD  |  MONDAY, 26 OCT 2020
The wholesale vehicle of a $3.3 billion concentrated equities strategy managed by Perpetual's Paul Skamvougeras was downgraded to bronze at Morningstar. The Perpetual Wholesale Concentrated Growth Equity Fund invests in 20 to 45 Australian stocks, chosen ...

Chief economist update: A V, a W and an L

BENJAMIN ONG  |  MONDAY, 26 OCT 2020
The latest results from the monthly Markit Economics PMI (purchasing managers' index) draws a picture of the three shapes of the economic recovery or otherwise. The letter V. Masked or unmasked, the IHS/Markit flash US composite PMI continues to ...

AMP Capital bets on AI

ELIZA BAVIN  |  FRIDAY, 23 OCT 2020
AMP Capital has announced it will roll out energy saving artificial intelligence (AI) technology to regulate building comfort and energy use automatically. The AI system will work to reflect changes in outside temperature and occupancy of the building ...