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Showing 5431 - 5440 of 22790 results for "Funds"

Frontier on hiring spree

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
... capabilities and facing merger pressures. More than 50% of its clients (by number) are now businesses other than superannuation funds. "Our business is growing, both in terms of new clients we have the privilege to work with, but also in terms of the ...

Local managed funds fee revenues shrinks

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
Wholesale managed funds reaped $4.5 billion in fee revenue in 2020 but average fees were down 6bps, according to new Rainmaker research. Rainmaker analysed more than 1000 managed funds which had $588 billion in total assets. The average fee wholesale ...

CBA slashes profits, boosts dividends

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... impacts of COVID-19, Comyn added that the alternate measure of cash NPAT, is flat and reflects "a very good result". For the funds management business, assets under management grew to $18.1 billion from $16.7 billion year on year. However, income for ...

Workers being offered nothing: Keating

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
The Association of Superannuation Funds of Australia annual conference opened with the creator of super, former Prime Minister Paul Keating, alleging the government is swindling workers. Discussing the suggestion that the current government may forgo ...

Ethical fund awards registry mandate

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... An ethical fund manager has appointed OneVue to provide administration services including unit registry for its suite of funds. U Ethical Investors has over $1 billion in funds under management which it is transitioning to an outsourced administration ...

ASFA calls for super fairness

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
The Association of Superannuation Funds of Australia (ASFA) has recommended the government remove the indexation of the transfer balance cap and to cap balances at $5 million to balance the system. In its pre-budget submission, ASFA focused its recommendations ...

Praemium profit, growth up

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... of 2020 to $3 million, following the acquisition of Powerwrap. In its half-year results, Praemium reported a 69% jump in funds under administration (FUA) to $34.3 billion with its Australian platform FUA reaching a 132% increase to $16.4 billion and ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
... $49.7 million from $45.5 million. Challenger's institutional manager CIP Asset Management recorded a 1% increase in funds under management and a $600,000 decrease in net income to $31.6 million which Challenger said was due to lower transaction fees. ...

Ian Macoun sells $83m of Pinnacle shares

KANIKA SOOD  |  TUESDAY, 9 FEB 2021
... diversify my personal investments, with all or most of the proceeds (after tax) to be reinvested in a diversified range of funds of Pinnacle affiliates," Macoun said of the sale. On February 3, Pinnacle reported 14% year on year growth in its total funds ...

Sydney firm launches new venture capital fund

KANIKA SOOD  |  MONDAY, 8 FEB 2021
... Sydney-based firm Healthcare Ventures is raising for a new fund that will invest in innovative Australian companies. The funds' partnership and fund manager board includes: healthcare investor and director Roger Allen, Australasian Institute of Digital ...