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Showing 5891 - 5900 of 22790 results for "Funds"

Praemium to acquire remaining Powerwrap shares

ALLY SELBY  |  MONDAY, 21 SEP 2020
... one Praemium share for every two Powerwrap shares owned by the investor. The acquisition is set to increase Praemium's funds under administration to over $28 billion. Praemium advanced a $55.6 million off-market takeover bid to acquire Powerwrap ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
... super dating back to July 1992, plus 10% interest, without penalties. Around $440 million has been transferred to super funds, including $132 million in late payment offsets of 10% each year that the payment was outstanding. A further $33 million is ...

ERS tab hits $33.3bn

ALLY SELBY  |  MONDAY, 21 SEP 2020
... inception, with an additional $340 million disbursed over the week to September 13 alone. During the week to September 13, super funds received 42,199 applications for payments, of which 24,512 were initial requests and 17,687 were repeat applications. ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... September 4, employers paying superannuation guarantee (SG) contributions had to switch payment methods to either Electronic Funds Transfer or BPAY, as Westpac considered it impracticable to complete its Know Your Customer obligations by continuing to ...

Boutique appoints chief operating officer

KANIKA SOOD  |  FRIDAY, 18 SEP 2020
Watermark Funds Management's chief operating officer has left for a similar role at another boutique. Tim Bolger is joining Alium Capital Management as its chief investment officer. Alium runs two strategies: a market neutral fund and public-to-private ...

Aware Super, Lendlease execute $200m recapitalisation

ALLY SELBY  |  FRIDAY, 18 SEP 2020
... further showcases the strength of our partnership." Lendlease manages approximately $36 billion in global property assets via funds and separate mandates.

ME Bank profits rise in FY20

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
... billion. ME Bank acting chief executive Adam Crane told Financial Standard he expected the group of industry superannuation funds that own ME Bank to be happy with the results. "We have a very clear relationship with our super funds on the level of return ...

Watermark sheds market neutral fund

KANIKA SOOD  |  THURSDAY, 17 SEP 2020
... Prodigy's three boutiques (Dalton Street Capital, Flinders Investment Partners and Equus Point Capital) in a lurch. Dalton's funds were initially set to a winding up but a newly setup Sydney multi-boutique, Mantis Funds, threw it a lifeline and got the ...

Industry, APRA mull super merger costs

JAMIE WILLIAMSON  |  THURSDAY, 17 SEP 2020
... industry stakeholders are in talks with the prudential regulator to devise a lower cost option for fund mergers, with smaller funds currently facing the potential of being priced out of merger opportunities. Appearing as part of a session on super mergers ...

Real opportunity for super funds in private assets: Schroders

ELIZA BAVIN  |  THURSDAY, 17 SEP 2020
... conference, said the fact that COVID-19 has impacted markets so greatly has also caused it to reveal opportunities for super funds to investing in asset classes they didn't previously think to access. "When we look at what has happened to the local market ...