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Showing 7311 - 7320 of 22800 results for "Funds"

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... Reserve authorities buy government bonds in the open market and thereby swell bank reserves, the banks will not put these funds to work but will simply hold reserves. Result: no 5 for 1, "no nothing," simply a substitution on the bank's balance sheet ...

What is holding Aussie robo advisers back?

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... could grow to $25 billion if it were to develop, in population terms, to match the US market... if it partners with super funds, it could be much bigger," Rainmaker executive director of research and compliance Alex Dunnin said. Aussie robo advisers ...

BlackRock appoints Melbourne head

KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... solutions for BlackRock's local clients, the company said. BlackRock manages money on behalf of Australian superannuation funds, insurers, asset managers, banks, government and adviser-led retail clients. It has a big presence in outsourced investment ...

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... contacting around 17,700 SMSF trustees and auditors at the end of the month who they suspect may be holding 90% or more of their funds in one asset or a single asset class. Many of the SMSFs in the ATO's sights have limited recourse borrowing arrangements ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... to Macoun, Chambers and Whittingham. "To fund the acquisition of the...loan shares, the company (or subsidiary) will lend funds to the relevant executive director on an interest-free, limited recourse basis. The executive director must then use those ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... announced a $275 million institutional raise for MFG shares this morning. Magellan's stable of well-performing equities funds are now managing an average of $75.8 billion (up 28%) and raked in about $84 million in performance fees, which is more ...

Zurich inks exclusive retail distribution deal

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... Zurich Investments will now be the sole distributor of the Frank Villante and Paul Biddle's small caps boutique Celeste Funds Management's fund has outperformed the benchmark S&P/ASX Small Ords Accumulation Index by 6.1% net of fees since inception ...

Praemium FUA skyrockets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service. The ASX-listed platform's FUA shot up 108% in FY19 as a result of launching the Virtual Managed ...

Fidante loses $3.9bn of super fund assets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
Challenger subsidiary Fidante has lost $3.9 billion in funds under management at the expense of superannuation funds increasingly internalising their investment strategies. In releasing its June financial year results this morning, Challenger flagged ...

Low inflation rate masks rising living costs woes

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... been low, retirees are seeing a "steep" increase in the cost of basic items, according to the Association of Superannuation Funds of Australia. In ASFA's latest Retirement Standard, it found over the year to June quarter 2019 costs rose by 1.5% for retiree ...