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Showing 681 - 690 of 7961 results for "Total"

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... quarterly MySuper statistics report for the September quarter, showing superannuation assets have passed the $4 trillion mark. Total superannuation assets increased by 3.7% over the quarter to reach $4.1 trillion as at September 2024, of which $2.8 trillion ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
The Federal Court has ordered Sasha Hopkins to pay $1.25 million and be disqualified for four years, in proceedings brought by ASIC. The court also ordered that The A Team Property Group, five of the investment schemes and associated companies be wound ...

AustralianSuper expands international equities team

MATTHEW WAI  |  THURSDAY, 28 NOV 2024
... management appointments to its international equities leadership team. About one third, or $110 billion, of AustralianSuper's total assets is invested in international equities. Presently, about 30% of this is managed in-house, but the fund wants to ...

Hostplus ups fees, makes $125m investment

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... investment to the IP Group Hostplus Innovation Fund. Hostplus added to its existing $310 million investment to bring its total commitment to $435 million, backing companies like green hydrogen pathfinder Hysata, chronic lung disease therapy biotech RAGE ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The UK's Financial Conduct Authority (FCA) has fined Macquarie Bank's London Branch (MBL) $25 million (£13m) for enabling one of its employees to record over 400 fictitious trades over a 20-month period. The fictitious trades also cost MBL an estimated ...

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The latest statistics from the Australian Taxation Office (ATO) show the total assets held within self-managed superannuation funds (SMSFs) hit $1.02 trillion at September end. The total SMSF members grew to 1,173,867 in over 630,000 SMSFs, with over ...

Top asset owners return to growth: Study

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
... asset owners globally returned to growth last year, with five Australian funds placed on the list and commanding 3% of the total assets. The Asset Owner 100 study from the Thinking Ahead Institute shows the world's top 100 asset owners by size oversaw ...

CFS awards equity, infrastructure mandates

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
... an additional 42 clients each could lead to 650,000 more Australians receiving ongoing financial advice, increasing the total to 2.4 million, the survey found. Recep III Peker, founder and managing director of Empowered Business Advisory and author of ...

Super fund adds to Payden & Rygel mandate

KARREN VERGARA  |  MONDAY, 25 NOV 2024
A $34 billion superannuation fund has topped up its mandate with Payden & Rygel to manage a total of $700 million in assets. Payden & Rygel did not disclose which super fund awarded the mandate but said the money was invested in the Payden Multi Asset ...

Pinnacle goes global with acquisitions

JAMIE WILLIAMSON  |  THURSDAY, 21 NOV 2024
... two international fund managers. Pinnacle is taking strategic stakes in VSS Holdings and Pacific Asset Management for a total of $142.8 million. Pinnacle will take a 22.5% equity stake in VSS Holdings for $92.8 million. It is a private markets investment ...