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Showing 751 - 760 of 6469 results for "September"

Challenger launches new alternatives fund

ANDREW MCKEAN  |  FRIDAY, 28 OCT 2022
... absolute returns complementing their investment portfolios." Meanwhile, as previously reported by Financial Standard, in September, Challenger also offered a new guaranteed fixed three-year term annuity at 4.4% per annum. The investment manager said ...

T. Rowe Price appoints head of APAC distribution

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... investment manager's distribution teams in Australia, Japan, Hong Kong, and Singapore. Chan assumed her new role on September 1, and reports to head of Americas, Asia Pacific and EMEA (AAE) Scott Keller. She replaces Nick Trueman who's become the new ...

Future Fund proves resilience to market shocks

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... $193 billion, falling by $1.25 billion over the quarter. Future Fund chair Peter Costello said over the 12 months to September, the fund's return was -3% compared to a -8% fall in the ASX 200. Over the longer term, the Future Fund delivered a 10-year ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... Pertinently, data today from the Australian Bureau of Statistics (ABS) shows the Consumer Price Index (CPI) rose 1.8% in the September quarter. Over the 12 months to September 2022, CPI rose 7.3%, the highest annual movement since 1990. Nevertheless ...

Members stick with dud super funds

ANDREW MCKEAN  |  FRIDAY, 21 OCT 2022
... accounts it needs to be linked to the performance test so that members can only be stapled to a fund that passes." In September, Financial Standard reported that minister for financial services and assistant treasurer Stephen Jones was considering the ...

Link seeks to offload Fund Solutions

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... and has appointed Macquarie Capital and UBS Securities as advisers. As previously reported by Financial Standard, in September, Link announced that the UK Financial Conduct Authority (FCA) had issued a draft warning to Link Fund Solutions about its role ...

Magellan targets $100bn in five years

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2022
... success. Reaching $100 billion in FUM in five years will mean doubling its current FUM, which stood at $50.9 billion at September end. It has consistently dwindled over the past year, while the Magellan share price has also fallen. At its height in 2020 ...

Perpetual takeover of Pendal progresses

ANDREW MCKEAN  |  WEDNESDAY, 19 OCT 2022
... chief risk officer. Meanwhile, Perpetual reported that its total assets under management (AUM) were $89.8 billion at September 2022, 1% lower than the period prior. The investment advice company attributed this result to negative market impacts and flows ...

Australian Ethical FUM dips ahead of merger

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2022
... products is expected to be 1.01%, down from 1.05% at June end. This includes changes made to fees last month. Effective September 1, Australian Ethical reduced the dollar-based administration fee across all its products from $97 a year to $74 a year. ...

James Mawhinney sues ASIC, deputy chair

JAMIE WILLIAMSON  |  TUESDAY, 18 OCT 2022
... Mawhinney has filed defamation proceedings against ASIC and Court in the Federal Court over information included in a September 15 press release in relation to Mawhinney's 20-year ban being overturned. Court is included in the suit as she was quoted ...