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

Search Results

Showing 6011 - 6020 of 22790 results for "Funds"

Cromwell sells SA asset at premium

ALLY SELBY  |  MONDAY, 24 AUG 2020
Cromwell Funds Management has sold a refrigerated distribution facility in South Australia for $63.05 million; an 18.96% premium to the asset's book value. Cromwell has sold Rand Distribution Centre on behalf of its owner, Cromwell Property Trust (C12) ...

Corporate climate risk disclosures must show more: IGCC

ANNABELLE DICKSON  |  MONDAY, 24 AUG 2020
... IGCC surveyed 50 investors from 22 organisations in Australia and New Zealand with more than $1.1 trillion in collective funds under management. The investors are calling for companies to discuss how climate change risk informs strategy and planning ...

Northern Trust launches ESG capability

ALLY SELBY  |  FRIDAY, 21 AUG 2020
... include key environmental data categories. Northern Trust's clients, many of which are asset owners such as pension and super funds, will now be able to analyse specific environmental risk indicators for their investments. A Northern Trust spokesperson ...

Suncorp wealth business down

ELIZA BAVIN  |  FRIDAY, 21 AUG 2020
Suncorp has reported an 8% drop in funds under administration for its wealth business, as it posted a 6.8% fall in ongoing operations for FY20 as a result of COVID-19. Suncorp has been battered by extreme weather events, high reinsurance costs and low ...

ASIC takes action against RI Advice

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
... informed that an unknown party had gained access to Miller's email and used the account to request a bookkeeper transfer funds to a Turkish bank account. This was found to likely have been caused by Trojan malware installed on Miller's laptop ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
ASIC has commenced Federal Court proceedings against BT Funds Management and Asgard over fee-for-no-service conduct and making misleading representations in relation to the fees. It has also launched a similar case against StatePlus. ASIC alleges that ...

Spaceship raises $10m in capital raise

KANIKA SOOD  |  THURSDAY, 20 AUG 2020
... Ventures and AirTree Ventures were on board. Spaceship, which started out as a superannuation fund in 2017, added a managed funds business called Spaceship Voyager in 2018, offering two low-cost equities funds with the average investor a 30-year-old ...

Pengana sales manager lands distribution gig

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... wealth has found his feet after moving to sunny Queensland, landing a new role as the head of distribution at two boutique funds management companies. Alex Keen has nabbed the role at Eight Investment Partners, and has also been appointed as the head ...

Unmet advice needs increases for SMSF trustees

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... investments while allocation towards cash and fixed income account for a fifth of new inflows. Adviser use of exchange traded funds (ETFs) is up 4% from 2019 to 16% while flows to managed accounts remained steady at 9%. But advisers expect flows to managed ...

Perpetual profits plummet

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... pandemic for the decline. Revenue for the full year also dropped, down 5% to $489.2 million, reflective of a lower level of funds under management (FUM). Even still, the board has decided to still pay shareholders a final dividend of 50 cents per share ...