Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 521 - 530 of 1115 results for "MIT"

Industry fund awards $150m mandate

KARREN VERGARA  |  THURSDAY, 22 AUG 2019
A major industry superannuation fund has awarded a $150 million mandate to a London-based investment manager. Sunsuper selected Affirmative Investment Management (AIM) to manage its first green bond mandate, which aims to achieve financial returns ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company. In March, MS&AD announced its intention to take its stake in Challenger over 15% and seek board representation. ...

APRA opens margin requirement talks

HARRISON WORLEY  |  THURSDAY, 15 AUG 2019
Super funds and life insurers have two weeks to air their opinions on APRA's proposed amendments to its margin requirements for non-centrally cleared derivatives. Consultation has opened for APRA-regulated entities to consult with the prudential regulator ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
In his outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...

Boutique manager hires investment banking expert

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
The former managing director of RBC Capital Markets has left to join an alternatives asset manager with $4.6 billion of funds under management. Metrics Credit Partners has hired Hamish Mitchell as investment director to lead its loan origination activities ...

CFSGAM sale clears regulatory hurdles

KANIKA SOOD  |  FRIDAY, 26 JUL 2019
Commonwealth Bank has received all regulatory approvals to sell its global asset management business to Japanese banking giant. The $4.2 billion sale to Mitsubishi UFJ Trust and Banking Corporation (MUTB) is expected completion is in August, CBA said ...

Julie Bishop headlines AFA conference

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
The Association of Financial Advisers (AFA) released the program for its annual conference - with former foreign affairs minister Julie Bishop presenting and a focus on wellness. The theme of the conference is "united" and the AFA said in a challenging ...

YouTube fundie called out by FCA

ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
The UK's Financial Conduct Authority has criticised Neil Woodford who famously issued a tearful YouTube apology to investors whose money was frozen in one of his funds. Woodford Investment Management suspended trading in its Woodford Equity Income Fund ...

Average Aussie $560k richer with advice

ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
According to the new Value of an Adviser report by Russell Investments, financial advisers deliver value of at least 4.4% or more every year to their clients beyond investment-only advice. Russell's research estimates the average Australian receiving ...

New chief at CBA Group Super

ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
... non-executive director of CBA Group Super from 2012 to 2016, before spending a year in the US completing the Sloan Fellowship at MIT's Sloan School of Management. Upon his return in 2017, Durbin secured the general manager, strategy position. Doug Carmichael ...