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Showing 6531 - 6540 of 22796 results for "Funds"

New ASIC guidance on active ETFs

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... internal market making in 2018 when it published its review of the ETF industry, which mentioned that non-transparent quoted funds may have larger spreads than transparent ones. "As the actual portfolio composition is not publicly disclosed each day ...

IOOF trims operations

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... client rights to IMT, in a move that will see IOOF retire as manager of the trust. The trust had around $553 million in funds under administration across more than 5000 client accounts at the end of March. Given operating the IMT was the main responsibility ...

Man Group hires from BlackRock

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
... a good fit both within Man GLG and the broader Man Group business." As at 31 December 2019, Man GLG had $31.6 billion in funds under management. "I am keen to return to focusing on investing for clients and Man GLG's dual focus on autonomy and collaboration ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... Taxation Office has clarified the rules for the Early Release Super scheme, allowing members to withdraw super from multiple funds. The ATO said while a member can only apply for one determination per financial year, they are able to request withdrawals ...

Boutique buys out Bennelong

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
Wheelhouse Investment Partners has acquired Bennelong Funds Management's stake in the business after a three-year partnership. Wheelhouse said under its independent ownership structure, it will continue to focus on delivering purpose-built investment ...

GAM cuts jobs, reviews pay

JAMIE WILLIAMSON  |  WEDNESDAY, 15 APR 2020
... benefit from existing contractual compensation arrangements, GAM said. GAM said it maintains appropriate liquidity in all its funds to meet client redemptions. "Making GAM fit for the future is a clear strategic goal and in view of the current industry ...

Industry fund continues investment team expansion

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
... superannuation fund is pushing ahead with its plans to build an in-house investment capability, appointing a former Victorian Funds Management Corporation portfolio manager to oversee strategic tilting. HESTA has appointed Luke Galloway as general manager ...

AMP Capital wholesale property fund rejigs withdrawals

KANIKA SOOD  |  TUESDAY, 14 APR 2020
AMP Capital's wholesale Australian property fund is moving asset valuations from quarterly to monthly, has fixed the distribution payouts for this year and is altering withdrawals during the COVID-19 pandemic. The fund, which currently allows monthly ...

ISA warns Aussies off locking in losses

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
The peak body for industry superannuation funds has launched an advertising campaign to warn Australians against crystallising their losses amid the market turmoil caused by COVID-19. Re-using a line from the backing track present in its television ...

FSC appoints deputy chief executive

ALLY SELBY  |  TUESDAY, 14 APR 2020
... assisting Australians during the COVID-19 crisis. "Our members in financial services across the board - advice, superannuation, funds management and life insurance - are all playing a critical role in helping Australians, and more broadly in the economy ...