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

Search Results

Showing 5761 - 5770 of 22790 results for "Funds"

Alternatives win big mandates

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... mandate winner in four of seven key sectors, Rainmaker found. Overall, 317 mandates were allocated from not-for-profit super funds and fund managers over the period. Compared to the prior corresponding period, the number of mandates decreased by 38%. ...

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... billion, which offset lower retail deposits. Wealth management platform North was a source of growth. Some $818 million of funds came in; $196 million came from external financial advisers. AMP chief executive Francesco De Ferrari said the business has ...

Alex Waislitz fails to block OneVue acquisition

KANIKA SOOD  |  THURSDAY, 22 OCT 2020
... Andrew Walsh said. "This is a strong opportunity to combine OneVue's strength and position in administration of managed funds, superannuation and investment, with Iress' strength in software and data, which provides the combined entity with the ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
The prudential regulator has announced it will cut down on the amount of information it requires funds to provide as part of the Early Release of Super reporting standards. From September 30, APRA said it will only require sections 6-8 of SRF 91.1 ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... client money trust accounts. This breach cost the company $25,000. ASIC commissioner Cathie Armour said protecting client funds is critical to investor confidence and market integrity. "The law is very clear about the uses of client money to provide ...

Magellan chief backs health startup

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
... $772,500, which he was eligible for but waived. At July 28, he owned 1.1 million shares in MFG and units in Magellan-owned funds. "I've invested my own money for some time as well...So I've got a range of stocks and I've got to be a little ...

Invesco winds down fund

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
... share classes, started in 2001 and 2005. The closure comes into effect around November 13. Invesco attributed it to the funds small size and cost of running it. "As a result of this review, Invesco has established that it can no longer manage the fund ...

Future Fund slashes fees

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... performance fee costs incurred indirectly through "investment vehicles or where the fund is part of a comingled group of funds". Over the financial year, the fund took on responsibilities for investing on behalf of three additional funds: the Aboriginal ...

Sunsuper cops rating downgrades

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... manager research Tim Wong said multisector strategies have been hampered by the revised framework. "Not many multisector funds which include Sunsuper are able to pass that benchmark over time and that kind of raises a hurdle for multi-sector funds to ...

LaSalle joins 2050 club

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
... Investment Management is the most recent company to pledge to go carbon neutral by 2050, following in the footsteps of many super funds and investment firms. LaSalle said it has been working across its managed portfolio to improve the sustainability ...