Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 621 - 630 of 2686 results for "Fair"

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... response to the Royal Commission hearing IOOF used member money to pay fines. Hostplus said it consulted with PwC to develop a fair and appropriate methodology to charge the fee so that its special purpose reserve can reach its target amount by the end ...

Magellan funds under review

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
... mandate. Magellan's share price tumbled from a high of $34.50 in November to less than $20. At the time, Morningstar said its fair value estimate for Magellan was still $38 per share, calling the firm's problems "bumps in the road not nails in the coffin". ...

Hamish Douglass takes leave of absence

CHLOE WALKER  |  MONDAY, 7 FEB 2022
... Financial Group has lost a key mandate from UK wealth manager St James' Place. Following the loss, Morningstar cut its fair value estimate for Magellan by 25% to $38 per share.

Record inflows for HUB24

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 JAN 2022
... The purchase price HUB24 paid for Xplore was reduced by $1.5 million (to $58.4 million) in line with calculations of the fair value of the HUB24 shares that were part of the total purchase price consideration HUB24 is still moving to acquire Class after ...

WAM ups PAF takeover bid

KARREN VERGARA  |  WEDNESDAY, 12 JAN 2022
... independent expert's report from Lonergan Edwards & Associates Limited (Independent Expert) has concluded that the WAM offer is fair and reasonable; that consideration has now also improved," PAF told shareholders. "PAF directors have also noted that ...

IFM Investors PE portfolio carbon neutral

CHLOE WALKER  |  TUESDAY, 11 JAN 2022
... cultures that authentically engage teams, customers and other stakeholders. "Cultivating purpose-driven cultures, promoting fair and inclusive workplace practices, and reducing our portfolio's carbon footprint are key elements of our responsible investment ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
Morningstar cut its fair value estimate for narrow-moat Magellan Financial Group by 25% to $38 per share, after the fund manager lost a major mandate. That's according to a note from analyst Shaun Ler, who said the impact of St James' Place (SJP) cutting ...

Pension scheme, UBS divest energy companies

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... portfolio or $52 million. UBS, one of Nest's fund managers, has been selling these shares over the past months to ensure a fair price was achieved, Nest said. The companies are now excluded from UBS AM's suite of Climate Aware funds and its actively ...

AMP Capital snaps up malls in $760m deal

CHLOE WALKER  |  MONDAY, 20 DEC 2021
AMP Capital has acquired two destination malls, Pacific Fair on the Gold Coast and the Macquarie Centre in suburban Sydney, in separate deals totalling approximately $760 million. AMP Capital Shopping Centre Fund (ASCF) bought an additional 25% stake ...

Hume commits to 12% SG

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... government deserves credit for moving to address the gender savings gap, further urgent action is needed so women get their fair share and both parties need get serious about ending the scourge of unpaid super." By that, ISA suggested further reform ...