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Showing 541 - 550 of 2996 results for "February 11"

WAM Leaders, AEG to merge

CASSANDRA BALDINI  |  TUESDAY, 14 JUN 2022
WAM Leaders and Absolute Equity Performance Fund have agreed to merge, with WAM Leaders to acquire 100% of the latter. The announcement to shareholders said that under the scheme implementation, AEG shareholders will receive new WAM Leaders shares as ...

Magellan shares punished after FUM drop

ANDREW MCKEAN  |  MONDAY, 6 JUN 2022
In an update to the ASX this morning, Magellan Financial Group reported that its funds under management dropped $3.6 billion in the month to May 31. Magellan's funds under management now sits at $65 billion, down from $68.6 billion at the end of April. ...

Mercer chief operating officer departs

ANDREW MCKEAN  |  TUESDAY, 31 MAY 2022
Mercer's chief operating officer Chris Stevens has left the asset consultant. In a post, Stevens said: "After five years, I've made the difficult decision to leave Mercer and take a few months off to recharge the batteries before taking on the next ...

Fossil fuel divestment bill passes California Senate

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
The California Senate passed a bill overnight prohibiting the United States' two largest public pension funds from investing in the world's top 200 fossil fuel companies and require them to divest any existing holdings by 2030. The California ...

RBA outlines next phase of bond purchase program

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
Having raised the cash rate earlier this month, the Reserve Bank of Australia (RBA) board has decided not to reinvest the proceeds from bonds as they mature from the bank's portfolio. This decision by the RBA is indicative of a new quantitative tightening ...

BUSSQ appoints new chair

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
The industry super fund will have a new chair from July 1. After four years at the head of the board, Paula Masters will step down as chair of BUSSQ mid-year. She is set to be replaced by Christopher Taylor who joined as a employer director in February. ...

State Street plans local ETF portal launch

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
Following its launch in Singapore this week, State Street plans to roll out its Fund Connect ETF portal in Australia. The Fund Connect ETF portal is part of State Street Digital and provides access to more than 960 ETFs. It was made available in Singapore ...

Schroders hires investment director

JAMIE WILLIAMSON  |  MONDAY, 16 MAY 2022
A new investment director has joined Schroders' equities product team, tasked with accelerating its biodiversity strategy and SMA development. Anne-Sophie Williams joins from BlackRock where she has spent the last four years as an active equities product ...

ISPT selects new chief executive

JAMIE WILLIAMSON  |  MONDAY, 16 MAY 2022
Industry Super Property Trust has named Chris Chapple of 151 Property Group as its new chief executive. Following a global search, Chapple will replace Daryl Browning who announced his intention to retire earlier this year. While his start date is yet ...

Future Fund battles challenging markets

CHLOE WALKER  |  TUESDAY, 3 MAY 2022
Future Fund's investment holdings slipped 1.5% over the three months ended March 31, now sitting just shy of $201 billion. In its latest portfolio update, Future Fund saw a return of 11.8% for the 12 months to March 31, exceeding its target of 9.1%. ...