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Showing 621 - 630 of 17422 results for "Billion"

FES Super to no longer supplement returns in default

JAMIE WILLIAMSON  |  FRIDAY, 13 FEB 2026
... increased from 2548 members to 2623, with an average balance of $408,986. The fund, established in 1985, holds about $1.07 billion in assets under management. It oversees the retirement savings of employees of Western Australia's Department of Fire and ...

Senate questions APRA's role in Shield, First Guardian disaster

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
... trustees who collectively have 81 superannuation funds. Combined, they have over $3 trillion in APRA-regulated assets ($417 billion via platforms). This covers more than 23 million member accounts across 901 products with almost 27,000 investment options ...

Nuveen takes over Schroders for $20bn

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
TIAA's Nuveen will acquire UK fund manager Schroders for $20 billion (£9.9bn) to create a $3.5 trillion (US$2.5tn) powerhouse. Nuveen has nearly $2 trillion (US$1.4tn) in assets under management, while Schroders has $1.6 trillion (US$1.1tn). Schroders ...

GQG reports increased FUM despite $5.5bn outflows

ELIZA BAVIN  |  FRIDAY, 13 FEB 2026
GQG Partners has reported funds under management (FUM) for FY25 of $231.27 billion (US$163.9bn), a 7.1% increase. This comes despite outflows of $5.5 billion (US$3.9bn) for the period ending 31 December 2025. GQG chief executive Tim Carver said despite ...

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
... wealth management business saw underlying NPAT up 5.4% to $39 million. Total assets under management was up 9% from $148.4 billion to $161.7 billion driven by a combination of positive cashflow momentum and positive market movements, AMP said. AMP said ...

Hostplus extends relationship with Melbourne Storm

JAMIE WILLIAMSON  |  THURSDAY, 12 FEB 2026
... officer Umberto Mecchi said. "Over the same period, Hostplus has grown to more than 1.9 million members and over $145 billion in funds under management. The national visibility delivered through our partnership with the Storm has played an important ...

Legalsuper makes additions to leadership team

JAMIE WILLIAMSON  |  THURSDAY, 12 FEB 2026
The $7.5 billion fund added a chief operations officer position and welcomed a chief member officer. Legalsuper executive manager, business enablement and risk John Robinson has been promoted to chief operations officer. Robinson, who has more than ...

Madigan Capital chair retires, transfers shares to co-owner

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
... operating officer; and Murray Brewer to head of capital. Madigan Capital was founded in 2016 and currently manages over $2 billion in assets by offering access to direct credit exposures secured by underlying real estate assets and associated strateg ...

RBA veteran leads AOFM review

KARREN VERGARA  |  WEDNESDAY, 11 FEB 2026
... effectiveness of the organisation, as well as its operations and capability. The sovereign debt manager has about $993 billion of securities on issue, the lion's share of which are treasury bonds. According to Wilkinson, the AOFM undertook an extensive ...

Irish sovereign wealth fund mandates four managers

JAMIE WILLIAMSON  |  WEDNESDAY, 11 FEB 2026
... real assets, 5% private equity and 5% private credit. The FIF is a longer-term fund and has so far received about $23 billion in contributions from the government. For the ICNF, the benchmark is 100% fixed income which, over time, will become 90% public ...