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Showing 41 - 50 of 2724 results for %22America%22

HESTA welcomes head of portfolio design

CHLOE WALKER  |  TUESDAY, 12 SEP 2023
... management experience to the role, having worked at financial institutions across the Middle East, the US, Europe, and Latin America. Most recently, Sandoval served as head of markets, asset classes and portfolio strategy at the Public Investment Fund ...

Largest pension funds see drop in assets: Research

CASSANDRA BALDINI  |  TUESDAY, 12 SEP 2023
... a decrease of 10.6% for the sovereign pension funds in the Thinking Ahead Institute Top 300 study." Regionally, North America now accounts for 45.6% of assets in the world's 300 largest pension funds, while European pension funds account for 24.1% ...

Perpetual restructures asset management leadership, regional chiefs exit

ANDREW MCKEAN  |  THURSDAY, 24 AUG 2023
Perpetual has established a global asset management leadership team as part of a refreshed strategy, leading to changes in its executive committee. In an ASX announcement, Perpetual revealed that its regional asset management units have unified under ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
AMP has put to bed a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders ...

Global wealth to rise 38% by 2027: Report

CHLOE WALKER  |  THURSDAY, 17 AUG 2023
... wealth growth of the 4.5% UBS estimates for high-income nations. More than half of all UHNWIs currently reside in North America, while countries in the Asia Pacific region are home to more than 66,000. "This already considerably exceeds the roughly 40,000 ...

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
New data from the US shows that while inflation ticked up in July to 3.2%, several indicators find that soaring prices are finally moderating. According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.2% in July on a seasonally ...

High rates impacting REITs: Quay

CHLOE WALKER  |  FRIDAY, 11 AUG 2023
... market rent growth) should follow suit, further tempering the expected outlook," Blaess said. Having recently toured North America, the UK and Europe, Blaess met with over 50 listed real estate management teams across many sectors. "Given the general ...

Wall Street firms slugged $442m for recordkeeping breach

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... Furthermore, Moelis & Company and Wedbush Securities each copped a US$10 million penalty, while SMBC Nikko Securities America is forced to pay US$9 million. "Each of the broker-dealers was charged with violating certain recordkeeping provisions of the ...

Goldman Sachs launches global infra feeder fund for Aussie investors

CASSANDRA BALDINI  |  MONDAY, 31 JUL 2023
Goldman Sachs Asset Management (GSAM) has successfully launched its inaugural Australian feeder fund off the back of significant demand from local clients. The investment giant said the Aussie feeder fund, launched in the second quarter, provides investors ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
The US Federal Reserve has raised interest rates by a quarter of a percentage point, taking rates to a 22-year high. Overnight, the Fed announced rates would rise to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome ...