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Showing 5031 - 5040 of 21932 results for "Fund."

FinClear to acquire BNY subsidiary

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
BNY Mellon is offloading its local execution and settlements business to FinClear for an undisclosed amount. FinClear is set to takeover Pershing Securities Australia in a bid to scale and enhance Holder Identification Number (HIN)-based platform services. ...

Boutique hires from Allan Gray

KANIKA SOOD  |  THURSDAY, 10 JUN 2021
A Melbourne credit boutique has hired Allan Gray's head of retail strategy, as it looks to fill capacity and launch new strategies. Alexander Funds Management appointed Chris Inifer as its head of distribution in a newly created role. Inifer is tasked ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
In a very rare move, a listed investment company has restructured to become an exchange traded managed fund - listing on the ASX today. The Monash Absolute Investment Company (MA1) has been restructured to become the Monash Absolute Active Trust (MAAT ...

Centuria launches unlisted fund

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
... launched a new fund that invests solely in a $224 million building in Victoria. The Centuria Government Income Property Fund (CGIPF) will become the new owner of 1 McNab Avenue, a 14-storey building located in Footscray. CGIPF will raise $133 million ...

Mergers push member positivity

ANNABELLE DICKSON  |  THURSDAY, 10 JUN 2021
The recent merger activity in the superannuation sector is received positively by members but engagement is still underwhelming, new research shows. The latest Investment Trends Super Member Engagement Report showed nearly a third of members see merging ...

Sunsuper, QSuper appoint leadership team

JAMIE WILLIAMSON  |  WEDNESDAY, 9 JUN 2021
The bulk of the executive lineup that will lead Sunsuper and QSuper post-merger has been named. In addition to Bernard Reilly as chief executive, eight more executives have been appointed to lead the merged fund following all relevant approvals. Most ...

Metrics adds three investment directors

KANIKA SOOD  |  WEDNESDAY, 9 JUN 2021
Private debt boutique Metrics Credit Partners has added three to its investment team, after acquiring a slice of Investec's Australian assets in March. Mathew Fulton, Marc Hurwitz and are joining Metrics as investment directors. Both are former members ...

Cost of group insurance declines

KARREN VERGARA  |  TUESDAY, 8 JUN 2021
Despite the spate of superannuation funds increasing the cost of cover, new Rainmaker analysis shows group insurance premiums fell by 7% to a four-year low of $8.7 billion. The research, conducted over 10 years, also revealed that not-for-profit (NFP) ...

HESTA awards mandate

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
One of Australia's largest super funds, $60 billion industry fund HESTA, has selected a software-as-a-service platform to manage its finance operations. TechnologyOne was selected by the fund to streamline financial reporting, with the aim of allowing ...

BlackRock rejigs Aussie shares fund

KANIKA SOOD  |  MONDAY, 7 JUN 2021
BlackRock is changing the name and fees for the BlackRock Concentrated Industrial Shares strategy. Effective June 1, the fund was renamed to BlackRock High Conviction Australian Equity Fund. The strategy has about $700 million in total assets, of which ...