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Showing 601 - 610 of 3404 results for "Frank"

Global manager sells local boutique stake

KANIKA SOOD  |  MONDAY, 8 OCT 2018
... positive for the boutique. PAC sold its stake in Celeste Funds Management to Celeste's founder and chief investment officer Frank Villante for $1.6 million. The 20-year-old boutique has about $592 million in funds under management. Following the sale ...

Mason Stevens launches global equity SMA

KARREN VERGARA  |  MONDAY, 8 OCT 2018
Mason Stevens has launched a global equity separately managed account within its investment and administration service. Franklin Templeton Investments Australia's Franklin Concentrated Global Equity Ex-Australia Model Portfolio SMA suits investors seeking ...

Franking credits inquiry launched

HARRISON WORLEY  |  THURSDAY, 20 SEP 2018
An inquiry has been launched to examine the implications of Labor's policy to remove refundable franking credits. The House of Representatives Standing Committee on Economics will investigate the implications of removing refundable franking credits. ...

Pengana merger pays off for WHSP

JAMIE WILLIAMSON  |  THURSDAY, 20 SEP 2018
Washington H. Soul Pattinson grew the value of its financial services investment portfolio by 19.3% in the 12 months to July 2018, contributing $16.4 million in net profit. Releasing full-year results today, the diversified investment house said the ...

Australia behind when it comes to pay transparency: AXA IM

HARRISON WORLEY  |  FRIDAY, 14 SEP 2018
... Christensen said executive remuneration reforms - such as requirements in the UK to publish gender pay gaps and the US' Dodd-Frank requirements to disclose the median pay of chief executive officers - had yet to reveal long-term shifts in the way ...

Boutique appoints distribution lead

KANIKA SOOD  |  WEDNESDAY, 12 SEP 2018
A $2.1 billion boutique asset manager has appointed a distribution professional who will focus on family offices as the firm continues to expand its team. Warakirri Asset Management is welcoming Stuart Devlin to its Melbourne office. In the newly-created ...

Future Fund delivers 9.3%, increases risk moderately

KANIKA SOOD  |  WEDNESDAY, 29 AUG 2018
The Future Fund delivered a 9.3% annual return, taking Australia's sovereign wealth fund to $146 billion. It also added "moderate" risk in the period to take advantage of a shorter-term economic outlook which it says looks positive. Its 10-year return ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... an opt-in remediation or "fair value" approach to ultimately reduce the amount paid to members; NAB not being "full and frank" with ASIC of the exact amount required for remediation and remaining silent when questioned whether the figures were accurate ...

Magellan funds record $331m profit

KANIKA SOOD  |  THURSDAY, 9 AUG 2018
Magellan's funds management business topped last year's profits by 33% as Hamish Douglass' stable of well-performing funds continued to collect performance fees and new investor money. Magellan's funds management business now has $59 ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... "I think there are big opportunities here in Australia for that to happen. It is puzzling why it doesn't but, to be frank, that's another issue of competition in the superannuation sector when funds basically sit there at the end of a firehose ...