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Showing 41 - 50 of 1054 results for %22FUM for%22

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
Magellan Financial Group's funds under management (FUM) has continued to nosedive, following the fund manager registering $2 billion in net outflows. At September end, the ASX-listed company's FUM stood at $35 billion, consisting of $16.2 billion from ...

Insto injects further $530m in Qualitas

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... reach $7.5 billion as at Aug 23, driven by six institutional mandates totalling $3.2 billon. Qualitas now has $8 billion in FUM.

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
Count is making a play for Diverger, in a deal that will create an entity with $29 billion in funds under management and advice, and house 550 financial advisers. The two ASX-listed firms have entered into a binding scheme implementation deed in which ...

Causeway PM, H&G form joint venture

CASSANDRA BALDINI  |  MONDAY, 11 SEP 2023
... $1.6 billion of loans since its inception and has steadily accumulated approximately $600 million in funds under management (FUM) and funds under advice (FUA) since 2018. It attributed FUM and FUA growth to servicing a small, select group of private ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... asset manager also experienced $205 million in outflows from its Platinum Trust Funds. Platinum AM's funds under management (FUM) dropped to $16.7 billion as at August 31, declining from $17.8 billion at the end of July. It follows the resignation of ...

Managed accounts FUM hits $162bn

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... and Milliman figures, which canvassed 48 firms in their survey. Separately managed accounts (SMA) comprise the bulk of the FUM at $94.9 billion, growing a whopping 34% year on year. Managed discretionary accounts (MDA) assets stood at $50.9 billion ...

Hostplus finalises merger with Maritime Super

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
... transition of approximately 23,000 Maritime Super accounts, this added $6 billion to Hostplus' funds under management (FUM). Subsequently, Hostplus' FUM has surpassed $100 billion, with its membership now totalling 1.7 million. Hostplus chief ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... non-platform products (4%) and 76 are platform products (25%). Further, on-platform products represented just 5% of the total FUM assessed, 50% of which is in failed products. However, there were less on-platform products assessed. Three quarters of ...

Citi terminates staff super fund

JAMIE WILLIAMSON  |  TUESDAY, 29 AUG 2023
... since 2000. As of its 2022 annual report, the fund had about 125 members and funds under management of $66.7 million. The FUM and member count have been steadily dwindling for some time, however the minutes from its last annual members meeting in August ...

Australian Ethical hits $9.2bn, focus turns to back-office

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
Australian Ethical has reported 48% year-over-year growth in its funds under management (FUM), reaching $9.2 billion due to positive net flows and its successor fund transfer (SFT) with Christian Super. In an ASX announcement, the company reported underlying ...