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Showing 601 - 610 of 1191 results for "NAV"

QIC appoints executive director

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
The $80 billion fund manager has hired BMO Global Asset Management's Asia Pacific managing director as an executive director as the incumbent retires. Ravi Sriskandarajah will join QIC as executive director, client solutions and capital on September ...

Boutique to remediate clients

KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... Trustees said in communication sent to investors. Alpha was to remedy the error by making a one-off adjustment in the funds' NAV in May. For clients who were affected but have since redeemed from the funds, the remediation was is to be undertaken ...

Global manager rolls out local access to alternatives fund

HARRISON WORLEY  |  WEDNESDAY, 3 JUN 2020
... and a performance fee of 20% of the amount of outperformance of the current day net asset value relative to the prior day NAV above the Bloomberg AusBond Bank Bill Index after management fees, and subject to a high watermark. Currently run as a hedge ...

Zurich pledges to COVID-19 support

ELIZA BAVIN  |  TUESDAY, 2 JUN 2020
Zurich Australia and OnePath Life announced donations to 20 charities with COVID-19 response funding. Zurich said it has made a $1.4 million donation from the Z Zurich Foundation to help local community programs respond to increased demand. Zurich ...

Westpac hunts new insto bank chief

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
The chief executive of Westpac's institutional bank has retired. Lyn Cobley has been head of the institutional bank for the past five years. Her retirement comes just a week after two other senior Westpac executives departed. Westpac chief executive ...

Super release widens gender gap: AMP

ALLY SELBY  |  FRIDAY, 29 MAY 2020
The government's early release scheme is widening the gender superannuation gap, as a higher proportion of women draw down on their super savings to weather the COVID-19 crisis. The analysis, coming out of AMP, found that 21% of women were withdrawing ...

IOOF to provide fee relief to adviser network

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
IOOF has announced a new initiative that will see its network of financial advisers offer free financial guidance to local communities until the end of September. IOOF said it is providing fee relief to its advisers to volunteer 60 hours of their time ...

Ignorance isn't bliss in super: Research

ALLY SELBY  |  MONDAY, 25 MAY 2020
The majority of Australians believed their super fund would protect their retirement savings in the event of a market downturn, according to new research coming out of Russell Investments. Surveying more than 3000 Australians in January this year, the ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
New research predicts industry funds are no longer set to dominate the superannuation industry, as COVID-19 changes the race to the top. KPMG's latest Super Insights report shows industry super funds are no longer on track to takeover SMSFs as the biggest ...

Law firm bolsters financial services team

ELIZA BAVIN  |  FRIDAY, 15 MAY 2020
Herbert Smith Freehills has appointed a new partner to its financial services regulatory practice. Charlotte Henry joins the firm May 18 and will focus on advising clients in regards to Australian banking regulatory matters alongside partners Michael ...