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Showing 6151 - 6160 of 22795 results for "Funds"

Six Park eyes advisers, appoints head

KANIKA SOOD  |  MONDAY, 20 JUL 2020
... experience in the financial services sector and has worked across AustralianSuper, BT Financial Group, Westpac and Mariner Funds Management. "More and more adviser groups and wealth management firms are seeking efficient ways to implement digital investment ...

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
New research from Right Lane has suggested that Australian super funds could tip into negative cash flows due to COVID-19 and the early release of super program. Right Lane predicts that 54 of 90 super funds could be in negative cash flows by the end ...

Former investment adviser charged with $85m fraud

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
... a forged credit agreement. "As alleged, Hu's deception caused substantial losses to a retail mutual fund, and other funds IIG advised," Sanjay Wadhwa, senior associate director of the SEC's New York Regional Office said. "The SEC remains committed ...

Former CFSGAM chief joins Yarra Capital board

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
... said: "Mark brings an unrivalled depth of industry expertise to Yarra. His experience in growing assets at large, global funds management organisations will be of enormous benefit to the business." In addition to being on Yarra Capital's board Lazberger ...

Specialist platforms prosper in June quarter

ALLY SELBY  |  MONDAY, 20 JUL 2020
... financial year, which it says has been driven by clients ditching "incumbent platforms" for the specialist provider. Its funds under administration lifted 24% for the FY20 to hit $17.2 billion, despite negative market movements bleeding $600 million ...

ERS payments approach $30bn mark

ELIZA BAVIN  |  MONDAY, 20 JUL 2020
Applications for the Early Release of Super (ERS) scheme have hit $28 billion, with funds having so far paid out $25.3 billion since the start of the scheme. APRA's data shows that since the launch of the ERS scheme is April this year, over 2.8 million ...

FSC appoints four to board

ALLY SELBY  |  MONDAY, 20 JUL 2020
... members, and announced the establishment of a fund management committee to drive strategic policy direction in the Australian funds management landscape. BlackRock Asset Management head of Australasia Andrew Landman, UBS Australia managing director Bryce ...

Perpetual top brass cop six-month pay cuts

KANIKA SOOD  |  FRIDAY, 17 JUL 2020
... million, split evenly across Australian equities and cash/fixed income. The private wealth business had $14.3 billion in funds under advice, which is 8% higher than March quarter (mostly market bounce-back also some net inflows); making it the 14th consecutive ...

Administrators appointed to iProsperity

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... administrator to the companies in the iProsperity Group but their appointment does not extend to the underlying investment of funds managed by the various iProsperity entities. "Our urgent focus is on stabilising the iProsperity Group and commencing ...

IFM pledges to kickstart COVID-19 recovery

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... investing that it says could save the Australian economy from COVID-19. The $140 billion investment manager owned by 27 industry funds has proposed the Building Australia Model as a means of job creation and economic stimulus. The model aims to reduce ...