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Showing 571 - 580 of 2284 results for Alex Burke

Fairfax nixes private equity buyout

ALEX BURKE  |  MONDAY, 3 JUL 2017
The two private equity firms vying for Fairfax Media have withdrawn their non-binding offers. Hellman & Friedman and the TPG Group-led investor consortium were granted access to "confidential due diligence" to determine whether a binding proposal for ...

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
The Financial Services Council rolled out its Life Insurance Code of Practice, along with a new set of standardised medical definitions, on July 1. The new definitions for cancer, heart attack and stroke in trauma and critical illness policies were ...

Asset managers still charging more for less

ALEX BURKE  |  FRIDAY, 30 JUN 2017
Following its interim report on the asset management industry released in November 2016, the UK Financial Conduct Authority reiterated its stance that profits aren't reflecting average performance. The FCA received 153 written submissions and consulted ...

Family office takes asset manager stake to $55m

ALEX BURKE  |  FRIDAY, 30 JUN 2017
A prominent Australian family office entered into a placement with an ASX-listed asset manager, bringing its total investment to $55 million. The Lederer Group, founded by Primo Group chief executive Paul Lederer, made the placement agreement with Centuria ...

Reflation narrative lacks substance: MFS

ALEX BURKE  |  THURSDAY, 29 JUN 2017
The growing consensus that the global economy is tilting back towards higher interest rates ignores persistent macroeconomic headwinds, according to MFS Investment Management chief investment officer, global fixed income Bill Adams. Speaking to Financial ...

Argo LIC shakes up investment mandate

ALEX BURKE  |  THURSDAY, 29 JUN 2017
Argo Investments' Argo Global Listed Infrastructure company is seeking shareholder approval to make a key change to its investment mandate. Under the current arrangement, the infrastructure LIC has a possible allocation of up to 20% in fixed income ...

Pengana partners with UK ESG manager

ALEX BURKE  |  THURSDAY, 29 JUN 2017
Pengana Capital Group, the company formed via the merger of Pengana and Hunter Hall, entered an agreement with a UK investment manager representing $260 million in assets under management. WHEB Asset Management is a specialist manager focusing on sustainable ...

Independence definition too restrictive: AFA

ALEX BURKE  |  WEDNESDAY, 28 JUN 2017
Association of Financial Advisers chief executive Philip Kewin said ASIC's interpretation of the terms "independent", "impartial" and "unbiased" is too restrictive. Kewin's comments follow yesterday's news that the regulator had received legal advice ...

Zurich awards two equities mandates

ALEX BURKE  |  WEDNESDAY, 28 JUN 2017
Zurich Investment Management has awarded two Australian equities mandates following a review of existing arrangements. The mandates will go to Nikko Asset Management and will be managed by Nikko AM head of Australian equities Brad Potter and portfolio ...

Former Fidelity CIO joins Yarra board

ALEX BURKE  |  TUESDAY, 27 JUN 2017
A former chief investment officer of Fidelity International will join Yarra Capital Management's board as a non-executive director and chair of the multi-asset allocation committee. Michael Gordon served as Fidelity's CIO from 2000 to 2010, after which ...