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Showing 7351 - 7360 of 22800 results for "Funds"

More jobs more problems: FSC

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... work across more than one industry - meaning they are more likely to have accounts in two or more different default super funds and pay duplicate fees and charges as a result," Loane said. "Under the current default system, most Australians do not make ...

Xplore continues hunt for chief executive

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... management. His replacement has been appointed but not yet announced by the company. It was a mixed quarter for Xplore. Its funds under administration were up slightly to $13.59 billion from $13.29 billion mainly due to market movement. It also launched ...

Pengana adds fee class for global equities fund

KANIKA SOOD  |  THURSDAY, 1 AUG 2019
... Cvetanovski and Steven Glass invests in 30 to 50 international stocks. Pengana Capital Group (ASX: PCG) had $3.2 billion in funds under management at June end. Of this $810 million is across international strategies.

Boutique manager hires investment banking expert

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... The former managing director of RBC Capital Markets has left to join an alternatives asset manager with $4.6 billion of funds under management. Metrics Credit Partners has hired Hamish Mitchell as investment director to lead its loan origination activities ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
Corporate regulator ASIC is reinforcing the illegality of superannuation funds inducing employers and the serious consequences that come with breaching the new law. ASIC released Infosheet 241 on Wednesday, reminding trustees that influencing employers ...

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... Managed accounts have reached a growth milestone, now making up 29% of the investment market in Australia. Managed accounts funds under administration grew by 17% to $51 billion in the 12 months to March, according to Rainmaker data. Platform funds under ...

Financial services boom rolls on

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2019
... Financial Services Council in its 2019 State of the Industry report shows financial services - comprising mainly the banking and funds management sectors - is helping power Australia's economy ahead of the mining industry. Between 1974 and 2018, financial ...

Private equity fund raising $300m

KANIKA SOOD  |  WEDNESDAY, 31 JUL 2019
... valuations and low cash rates meant that investors were seeking new avenues for generating returns, and particularly yield on funds deployed. "Since opening our doors in September 2018, our team has successfully invested across our private equity and ...

UBS AM hires insto sales director

KANIKA SOOD  |  WEDNESDAY, 31 JUL 2019
... Australia and in the UK where his responsibilities included managing relationships with superannuation, government and sovereign funds. "We are delighted that Liam McDermott is joining the UBS Asset Management and further strengthening our institutional ...

NAB Asset Management hires insto director

JAMIE WILLIAMSON  |  TUESDAY, 30 JUL 2019
... Investment Partners. He was with the fund manager for close to nine years. He has also previously held roles with Hastings Funds Management and Bank of Ireland Global Markets. In March, JCP Investment Partners confirmed it was closing its doors and progressively ...