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Showing 7111 - 7120 of 29074 results for "PRI"

US wealth manager acquires three Aussie firms

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
NASDAQ listed Focus Financial Partners has created a new network of boutique financial advice firms and acquired three Australian businesses. Focus launched Connectus on December 1 in the US, and now the first Australian advice firms to join the boutique ...

Coolabah to manage Contango fund

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
Christopher Joye's Coolabah Capital has been appointed to manage a floating-rate bond fund from Contango Asset Management. The Switzer Higher Yield Fund (or SHYF) will aim for 1.5% to 3% over RBA cash rate on a rolling 12-month basis. The fund will ...

Dealer service provider adds former MLC advice firm

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
ClearView's LaVista Licensee Solutions is adding a former MLC Financial Planning firm. LaVista will provide licensee services to Sydney-based Investorplan. "I get a lot of confidence knowing that LaVista leverages the back-office resources and infrastructure ...

Acadian reduces fees

ELIZA BAVIN  |  WEDNESDAY, 2 DEC 2020
Acadian Asset Management has reduced fees for several of the funds it, and its parent company, manage in Australia. The asset manager said in addition to reducing base fees, all performance fees have also been removed. "As a result of the changes, the ...

Climate change-focused fund introduced

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 DEC 2020
Aviva Investors has launched a climate-change related fund that tilts towards companies transitioning to a low carbon economy. The Aviva Investors Climate Transition Global Equity Fund is benchmarked to outperform the MSCI All Countries World Index ...

Future Fund appoints chief investment officer

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
Australia's sovereign wealth fund has confirmed the appointment of a chief investment officer after Raphael Arndt, who previously held the role, was appointed chief executive. Sue Brake has been confirmed as the chief investment officer of the Future ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
US-based Fidelity Investments has been caught up in a class action that alleges a major pension plan exposed members to risky, expensive actively-managed investments instead of allocating to safer passive options. The complaint, filed against Coca-Cola ...

New internal audit guide for finance sector

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
A new best-practice guide for the boards and internal auditors of superannuation funds, banks and financial service providers has been released. The Institute of Internal Auditors (IIA) has released The Better Practice Guide, which was developed with ...

Alternative asset manager expands to APAC

ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
European firm Hayfin Capital Management has brought its presence to the Asia-Pacific region with the opening of an office in Singapore and has assigned a portfolio manager to lead the expansion. Glenn Clarke has been with Hayfin for nearly a decade ...

NAB names RBS alumnus as chief operating officer

ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
National Australia Bank has appointed its chief executive's former colleague as chief operating officer. Les Matheson will return to Australia after spending six years as chief executive, personal and business banking (UK and Ireland) at Royal Bank ...