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

Search Results

Showing 631 - 640 of 5504 results for "September 11"

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
The government has blamed its predecessor for inheriting a budget burdened by $1 trillion in gross debt and deficits projected for at least the next decade. Consequently, new fiscal policies have largely been offset for this year and the next. "We face ...

Magellan targets $100bn in five years

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2022
Outlining his plans to restore Magellan's sheen, chief executive David George hopes to double its funds under management by 2027 by diversifying its capabilities and strengthening its UK and Europe operations. Speaking at the Magellan annual general ...

Perpetual takeover of Pendal progresses

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
In Perpetual's first quarter business update, it said that progress has been made across the key conditions to the Pendal Group takeover, including client consents and regulatory approvals. Perpetual chief executive and managing director Rob Adams ...

Australian Ethical FUM dips ahead of merger

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2022
Australian Ethical has seen a slight drop in its funds under management, including a final institutional redemption, and provided an update on its merger with Christian Super. Australian Ethical's total FUM now sits at $6.18 billion, a drop of 0.4% ...

James Mawhinney sues ASIC, deputy chair

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
The Mayfair 101 managing director is claiming he was defamed by the regulator and deputy chair Sarah Court in a recent press release. Mawhinney has filed defamation proceedings against ASIC and Court in the Federal Court over information included in ...

Magellan makes investment leadership changes

JAMIE WILLIAMSON  |  MONDAY, 17 OCT 2022
Magellan Financial Group chief executive David George has officially taken on the additional role of chief investment officer, and a deputy chief investment officer has been appointed. In addition to chief executive and managing director of the group ...

QIC sees changes in private debt, liquid markets

ELIZABETH FRY  |  FRIDAY, 14 OCT 2022
There is a new director in QIC's multi-sector private debt team, while a new head of the liquid markets group has been confirmed. David Spiez will join the multi-sector private debt team in February. He is currently general manager of strategy and ...

Netwealth FUA sits at $58bn

JAMIE WILLIAMSON  |  THURSDAY, 13 OCT 2022
Netwealth's funds under administration (FUA) increased by $2.5 billion in the September quarter, now coming in at $58.1 billion. FUA has increased a total of $6.1 billion in the 12 months to September 30, despite negative markets. Funds under management ...

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  ...

Magellan FUM drops further

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2022
Magellan Financial Group has seen a further $7 billion shaved off its funds under management in September. The group saw net outflows of $3.6 billion, $3.2 billion of which was institutional FUM while $0.4 billion was net retail outflows. The balance ...