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Showing 551 - 560 of 3123 results for "Investment manager"

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
Challenger had an increase in net profit before tax despite a significant drop in statutory net profit after tax due to negative market movements. Challenger's 1H23 net profit before tax (NPBT) rose 5% to $250 million, with the higher earnings driven ...

Sun Venture makes first purchase down under

CHLOE WALKER  |  FRIDAY, 10 FEB 2023
... expressions of interest campaign in Q3 of last year. The 10-storey block, previously owned by Sydney-based investment manager Sumner Capital, is a Grade A building comprising 10,441 square meters of office accommodation and ground floor retail. Sumner ...

RBA cash rate hike forecast by economists

ANDREW MCKEAN  |  TUESDAY, 7 FEB 2023
... the continued property downturn. The RBA should be feeling more confident that inflation peaked in Q4, the investment manager added. Meanwhile, AMP chief economist Shane Oliver said underlying inflation surprised on the upside again in the December quarter ...

CareSuper appoints head of equities

ELIZABETH FRY  |  FRIDAY, 3 FEB 2023
... for the fund's Australian and global equity portfolios. Before his career with the Victorian government investment manager, Wong held positions at ABN Amro and Deloitte Touche Tohmatsu. Earlier, he worked at the corporate watchdog for five years ...

Capital Group kicks off succession plan

CHLOE WALKER  |  FRIDAY, 27 JAN 2023
The global active investment manager has overhauled its executive team and appointed new leaders to roles that will assume the management responsibilities of chairman and chief executive. Investment veterans, chief executive Tim Armour and vice-chair ...

Australian Ethical flows driven by super

ANDREW MCKEAN  |  MONDAY, 23 JAN 2023
... Ethical said managed flows had been suppressed by cautious market sentiment related to market volatility. The investment manager's funds under management (FUM) was $8.37 billion at 31 December 2022; FUM was $6.18 billion the quarter prior. Australian ...

Bloom raises $500k in seed funding

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2023
... making in the world. "It also, I think, responds to a regulatory push against greenwashing - as a responsible investment manager, we have a duty to unpack what we mean by sustainable investment, and being super transparent." The fund is comprised of ...

Perpetual reports $1.2bn loss amid merger

CASSANDRA BALDINI  |  FRIDAY, 20 JAN 2023
... December ahead of its Pendal Group takeover, which is now due to be completed on Monday. Despite the loss, the investment manager said it "benefited from a rebound in equities markets" and ended the year in a "strong position." Perpetual reported total ...

Natixis APAC lead takes bigger role

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
The head of Asia Pacific for Natixis Investment Managers is being promoted to a new position. From March, Fabrice Chemouny will serve as head of international distribution. In this role he will oversee the distribution activities of EMEA, APAC and Latin ...

ASIC commissioner to join Vanguard

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... Vanguard being targeted by the regulator late last year over greenwashing concerns. Vanguard was the first investment manager in Australia to be fined for the offence, paying almost $40,000 to comply with three infringement notices related to the PDS's ...