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Showing 631 - 640 of 1786 results for "strength."

IOOF appoints new asset consultant

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2017
IOOF Investments has announced its new asset consultant to replace Russell Investments. Mercer Australia is the new asset consultant, following Russell's contract with IOOF ending on 30 June. Russell notified IOOF at the end of 2016 of its intention ...

Stronger growth sans inflation

BENJAMIN ONG  |  TUESDAY, 4 JUL 2017
As if to further underscore the current growth/inflation conundrum, today's reports show continuing strengthening momentum in the world's major economies - one that quickly followed updates on consumer prices indicating not only that inflation remains ...

REST CEO moves on, custodian renewed

EMMA RAPAPORT  |  MONDAY, 26 JUN 2017
Long-serving chief executive of REST Industry Super, Damian Hill, has advised the board of his intention not to seek a renewal of his employment contract at its conclusion in January 2018. Hill, who first joined the fund in 1999 as administration manager ...

Confidence: the business/household divide

BENJAMIN ONG  |  WEDNESDAY, 14 JUN 2017
Yesterday's NAB Monthly Business Survey report confirmed that the first quarter slowdown in Australia's economic growth (to 1.7% from 2.4% in the December quarter) was anything but transitory. Although the business conditions index dipped by one point ...

Family office giants agree to merger

ALEX BURKE  |  TUESDAY, 13 JUN 2017
Two prominent Australian family office businesses have signed a conditional heads of agreement to combine operations. Subject to regulatory approvals, Mutual Trust and Myer Family Company (MFCo) will merge, with Myer Family Investments (MFI) owning ...

Yarra appoints investment operations manager from IOOF

ALEX BURKE  |  THURSDAY, 1 JUN 2017
Yarra Capital Management appointed a manager for investment operations. Andrew Pagoulatos joined Yarra in October from IOOF, where he was team lead, investment operations. Before that, he held multiple roles at Goldman Sachs, including executive director ...

Manager lists after $3bn merger

ALEX BURKE  |  THURSDAY, 1 JUN 2017
The vast majority of shareholders in an ASX-listed fund manager have approved a merger including $3.1 billion in funds under management, creating a new listed entity in the process. Following this decision, Hunter Hall will merge with Pengana Capital ...

Global merger creates new listed manager

ALEX BURKE  |  WEDNESDAY, 31 MAY 2017
The completed all-stock merger of equals between two global fund managers has created a new listed entity on the ASX representing $443 billion in assets under management. Janus Capital and Henderson Group will trade on the ASX and NYSE as Janus Henderson ...

No 'Plan B' for Brexit "twist and turns"

BENJAMIN ONG  |  FRIDAY, 12 MAY 2017
There were no surprises at the Bank of England's (BOE) 11 May decision to keep the Bank Rate where it was since August 2016, when it was lowered from 0.5% to 0.25% to contain the fallout from the 'Brexit' vote of the previous month - a decision that's ...

Macquarie boosts AUM, earnings flat

KARREN VERGARA  |  FRIDAY, 5 MAY 2017
Assets under management on Macquarie Group's investment platform jumped 24% to $72.2 billion in the 12 months to March, recently released financial results show. While Macquarie's wealth management segment reported a flat income of $313 million for ...