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Showing 491 - 500 of 784 results for super kanika sood

AustralianSuper hires from VFMC

KANIKA SOOD  |  FRIDAY, 30 AUG 2019
The $169 billion superannuation fund has hired a former Victorian Funds Management Corporation chief investment officer in a senior investment role on its equities team. Justin Pascoe has joined the industry fund as a senior portfolio manager, equities ...

CFS slashes trail commissions on some funds

KANIKA SOOD  |  THURSDAY, 29 AUG 2019
... a trail commission of 0.88%. Currently, these options are a part of three products: personal pension plan, rollover and super fund, and managed investment funds, where they represent less than 5% of the total funds under management. The changes came ...

Future Fund returns 11.5%, crosses $160bn

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
Australia's sovereign wealth fund returned 11.5% in the year to June, with chair Peter Costello likening the returns to that of a "high growth" superannuation option but with much lower risk. The Future Fund now manages $162.6 billion, after adding ...

Managed funds versus the ASX 200

KANIKA SOOD  |  THURSDAY, 22 AUG 2019
... years. "The just gone financial year obviously proved to be very tough for investment managers. And if it was tough for them, super funds that rely on these investment managers delivered lower returns to their members than they would have liked," Rainmaker ...

Perpetual profits dip, investments down 29%

KANIKA SOOD  |  THURSDAY, 22 AUG 2019
... to the broader peer group." Adams said institutional outflows offset the market rebound in the first half of the year, as super funds continued to take their investments in-house and change their asset allocation mix. Its stable of equities, multi-asset ...

UniSuper scolds Aussie equity fundies

KANIKA SOOD  |  WEDNESDAY, 21 AUG 2019
The $80 billion superannuation fund had some strong words for its external Aussie equities managers, saying their general underperformance was a "real disappointment" for the year. UniSuper's balanced investment option returned 9.9% for the year, as ...

What is holding Aussie robo advisers back?

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... But it could grow to $25 billion if it were to develop, in population terms, to match the US market... if it partners with super funds, it could be much bigger," Rainmaker executive director of research and compliance Alex Dunnin said. Aussie robo advisers ...

BlackRock appoints Melbourne head

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
The US $6.8 trillion global investment giant has appointed a head of Melbourne in a newly-created role following strong demand for its strategies from local investors. David Porter will move from London where he is the managing director, head of UK ...

Zurich inks exclusive retail distribution deal

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... advisers. Celeste managed $592 million at end of last financial year but is currently down to $75 million after losing a large super fund. "What we are doing is keeping the existing unlisted trust structure for now but we are clearly interested in other ...

CFS trims corporate super distribution team

KANIKA SOOD  |  MONDAY, 12 AUG 2019
... the distribution team apart from the 'handful' of roles impacted by the changes that CFS has made. "FirstChoice Employer Super continues to be an important superannuation offer for over 280,000 members and is the chosen default super fund for more than ...