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Showing 591 - 600 of 4734 results for "Distribution"

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
... hold 44% of superannuation assets, retail funds hold 23%, and SMSFs hold 27%. However, in the next two decades, the distribution is expected to change to 51%, 23%, and 22% for industry, retail, and SMSFs, respectively. Industry funds are expected to ...

Castlerock embarks on $30m capital raise

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
Property fund manager Castlerock is aiming to raise $30 million to expand its portfolio focused on government-leased assets. The Castlerock Government Property Fund invests in state and Commonwealth government properties spanning five states. The 10-year-old ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
... providing unlicensed financial services, breaching product disclosure requirements, and failing to comply with design and distribution obligations (DDO) in relation to Finder Earn. ASIC argued that Finder Earn was in essence a debenture and should fall ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... around Wednesday 3 April 2024," Pendal wrote. "We also expect that the termination of the Fund will result in a final distribution of the income of the Fund which will be paid directly to your nominated bank account before the payment of the cash proceeds ...

Perpetual adds director, institutional business

ELIZABETH FRY  |  MONDAY, 11 MAR 2024
... Capital, Hillyar worked in similar roles at abrdn and Federated Hermes. She was previously a director of institutional distribution and an investment specialist at MLC Investment Management. Earlier, she worked at NAB Asset Management and was the Western ...

GQG reports US$10.5bn increase in FUM

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... price rose 1.83%, up 31.36% year to date. Last month, in an investor conference call, GQG managing director of global distribution Steve Ford emphasised the firm's strong commitment to investor relations in Australia. He highlighted GQG's leading ...

EG to target intermediaries

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... in financial services, most recently serving as Charter Hall's New South Wales state manager, capital raising, and distribution. Prior to that, he spent seven years at Macquarie Group. "At the moment, we are building our product strategy for the next ...

DomaCom chief executive John Elkovich steps down

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
... since April 2023, James brings experience from senior positions at Commonwealth Bank of Australia, as head of adviser distribution and investor sales, as well as roles at National Australia Bank, Westpac, Deutsche Bank, and Bank of America. James also ...

Vanguard chief executive Tim Buckley to retire

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... retirement business, and services for financial adviser clients, overseeing the majority of Vanguard fund and ETF distribution. In his new role, Davis will champion policies aimed at bettering capital markets and increasing accessibility for investors ...

Platinum plans turnaround, FUM dwindles

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
... priorities in the next few months is to cut costs in a bid to "right size our business" and review its products and distribution channels both here and overseas. Platinum highlighted its remuneration structure will be simplified and aligned "with clients ...