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Showing 721 - 730 of 3367 results for "Mandate"

Assets under custody hit $4.7tn

ELIZABETH MCARTHUR  |  TUESDAY, 15 FEB 2022
The Australian Custodial Services Association (ACSA), the peak industry body for custodians and asset service providers in Australia today released industry data showing assets under custody increased by 5.8%to a new record of $4.7 trillion in the six ...

Rest awards responsible investment mandate

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
The $70 billion industry fund, Rest, has awarded an investment mandate for its ethical investment option. The fund awarded an enhanced ESG mandate to Parametric and Calvert. The mandate is designed to provide further diversification to Rest's Sustainable ...

LGIA upgrades anti-money laundering tech

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
... from illegal or unlawful activity and meeting the fund's AML obligations." Napier head of APAC Robin Lee commented on the mandate. "It's fantastic to be a part of LGIAsuper's exciting period of growth. With their member count set to more than double ...

Magellan funds under review

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
... December 2021, the company's share price took a significant hit after UK wealth firm St James' Place pulled a $19 billion mandate. Magellan's share price tumbled from a high of $34.50 in November to less than $20. At the time, Morningstar said its fair ...

Iress wins new mandate

ELIZABETH MCARTHUR  |  MONDAY, 7 FEB 2022
... operations. Iress will support the more than 400 partners and advisers that are part of the Findex network under the new mandate. These Findex partners and advisers cater to more than a quarter of a million clients across Australia and New Zealand. The ...

Hamish Douglass takes leave of absence

CHLOE WALKER  |  MONDAY, 7 FEB 2022
... claiming they make it difficult for fund managers to be profitable. In December 2021, Magellan Financial Group has lost a key mandate from UK wealth manager St James' Place. Following the loss, Morningstar cut its fair value estimate for Magellan ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... return on your money." Magellan shareholders suffered a tumultuous December quarter, fearing what the loss of a major mandate and troubles at the executive level meant for their investments. UK wealth manager St James' Place eroded funds under management ...

Vanguard move a win for SSGA, BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
... $12 billion and $8 billion, respectively. SSGA was awarded mandates from Aware Super, Sunsuper and QSuper. The QSuper mandate is shared with Dimensional. Meanwhile, First Sentier Realindex scored a mandate from Cbus and Harris Associates saw money from ...

Pinnacle folds boutique

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
... 23% on the prior corresponding period. Last August saw an outflow of $3.9 billion from an Omega Global Investors passive mandate. "Whilst we experienced institutional net outflows, we believe these reflect short-term factors including rebalancing, with ...

CFS awards platform technology mandate

KARREN VERGARA  |  THURSDAY, 3 FEB 2022
Colonial First State awarded a major technology mandate in a bid to revamp its wrap platform. Specialist investment platform provider FNZ won the task of transforming FirstWrap, replacing its underlying technology as CFS attempts to cement its lead ...