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Showing 611 - 620 of 3364 results for "Mandate"

US recession probability reaches 75% - is Australia at risk?

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... interest rates until inflation subsides, or economic growth flattens, Saxena estimated. "Given the Federal Reserve's mandate and the current momentum of inflation, I feel that economic activity will slow down before the Fed stops increasing interest ...

Hostplus hands Bell Asset Management $500m mandate

ANDREW MCKEAN  |  MONDAY, 31 OCT 2022
Hostplus has awarded Bell Asset Management a $500 million global small and mid-cap equity mandate. Hostplus chief executive David Elia said: "Bell's strong long-term performance record, the quality of the team and a disciplined investment approach ...

New APRA chair named

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2022
... Monday, October 31. He has served as a deputy chair since 2018. He said that "APRA will remain focused on fulfilling its mandate and ensuring that Australia has a strong and resilient financial system," under his leadership. Meanwhile, executive directors ...

Nowhere has there been more change than super: Byres

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... regulators are high, Byres stood firm that this doesn't guarantee bad things won't happen. Equally, APRA has no mandate from the government to prevent failure at all costs. "It is almost inevitable that every so often things will go wrong in ...

Perpetual takeover of Pendal progresses

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
... Management Australia's AUM was $21.3 billion, flat on the prior quarter, with net outflows impacted by the loss of one mandate in the intermediary channel. Perpetual Corporate Trust funds under administration was $1.12 trillion, up 3% on the previous ...

APRA flags concerns over fund sustainability

ANDREW MCKEAN  |  WEDNESDAY, 12 OCT 2022
... it's the longer-term view and where members are better served in the future." APRA also maintained that it upheld its mandate to protect Australians. In his opening remarks, APRA chair Wayne Byres said that the total assets of the institutions it ...

GQG Partners awards RE mandate

CASSANDRA BALDINI  |  MONDAY, 10 OCT 2022
GQG Partners has appointed Equity Trustees as the responsible entity (RE) for its new dividend income fund. The Global Quality Dividend Income Fund aims to provide a rate of return exceeding the MSCI ACWI High Dividend Yield ex Tobacco AUD Index. It ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... caps pond and private equity mid-market sector." What's working for First Super is its $200 million private equity mandate. "We're putting money into mature cash-producing businesses worth around $50 million," Watson explains. "There are no J-curve ...

Future Generation expands Plato mandate

CHLOE WALKER  |  THURSDAY, 6 OCT 2022
The philanthropic investment company has made a new allocation to Plato's Global Net Zero Hedge Fund, supporting its ambition to outperform the MSCI World Net Returns Unhedged Index while achieving a net zero carbon footprint. Launched in September ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... challenge and influence the trustee's service providers," the regulator said. "This relies on the office having an appropriate mandate and the necessary skills and capability." Looking ahead, APRA has engaged directly with each of the trustees included ...