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Showing 591 - 600 of 3303 results for "RIC"

Super fund names head of portfolio design

ELIZA BAVIN  |  THURSDAY, 25 JUN 2020
A $52 billion super fund has announced a new senior appointment, with the newly created role being part of the funds new investment leadership team structure. HESTA has named Stephanie Weston as its first head of portfolio design, effective today. Weston ...

Prodigy boutique finds new strategic partner

KANIKA SOOD  |  WEDNESDAY, 24 JUN 2020
Flinders Investment Partners, which escaped multi-boutique Prodigy's demise, has found a new strategic partner who is acquiring a 50% stake in the small caps equities boutique. Warakirri Asset Management is the investor, and will also provide capital ...

Pendal adds SRI lense to multi-asset fund

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
Pendal has increased the consideration of sustainability factors in its multi-asset target return fund, in what it claims is an Australian first. The global investment manager has introduced a new set of screens to its $189 million multi-asset target ...

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
Challenger is raising up to $300 million to add to its balance sheet and will invest further in investment grade fixed income. The institutional placement of $270 million is priced at $4.89 per share for about 55.2 million new shares representing 9% ...

PPS Mutual bolsters distribution

HARRISON WORLEY  |  MONDAY, 22 JUN 2020
Mutual insurance firm PPS Mutual appointed a senior business development manager in an effort to strengthen its distribution efforts in Queensland. PPS Mutual has appointed Arthur Tang as a senior business development manager in Queensland, reporting ...

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
Australians lost $126 million to investment scams in 2019, with many fraudsters using 'celebrity' endorsements to rort investors. According to the latest figures coming out of the ACCC's Targeting Scams report, Australians were defrauded ...

Perth Mint to review audit processes

KANIKA SOOD  |  MONDAY, 15 JUN 2020
The Perth Mint says it will initiate an independent third-party review of its audit process after an AFR investigation raised concerns about conflicts in how it sources gold. The Western-Australian government owned Perth Mint allegedly buys up to $200 ...

Senator remains firm on FASEA extension

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
Senator Rex Patrick, whose amendment to Treasury Bill Number 3 meant that the FASEA extensions hit a snag, is not backing down. The senator defended his amendment in an email to a financial advice association. "I added a schedule to the bill. Despite ...

Chief economist update: Australian Renaissance

BENJAMIN ONG  |  MONDAY, 15 JUN 2020
"Renaissance is a French word meaning "rebirth." It refers to a period in European civilisation that was marked by a revival of Classical learning and wisdom. The Renaissance saw many contributions to different fields, including new scientific laws ...

FASEA extension hits snag

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
The extensions that will allow financial advisers an extra year to complete the FASEA exam and two years to complete the FASEA education requirements was returned to the House of Representatives after an amendment was sought. Despite being introduced ...