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Showing 7751 - 7760 of 22800 results for "Funds"

Super funds eye intra-fund advice shake-up

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... The superannuation industry has its sights on lifting restrictions around intra-fund advice, the Conference of Major Super Funds has heard. Speaking on a panel discussing the future of advice in superannuation, Industry Funds Services (IFS) chief executive ...

Swiss group acquires stake in local wealth firm

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
... $61.2 million for the stake in Shaw and Partners, valuing the company at $120 million. Shaw and Partners has $12 billion in funds under advice while the Swiss group has US $130 billion in assets under management. Shaw and Partners co-chief executives ...

Channel Capital head of retail departs

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
... can also act as investment specialists." Channel has been hiring with that profile in mind for some time. Chanique was a funds director at Clime Investment Management and worked in equity derivatives sales before that. In January 2018, it hired Byron ...

Nikko AM chief executive steps down

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAR 2019
... Asset Management who are seeking a combined $100 million in damages. They say that Shibata and his co-defendants diverted funds earmarked for incentive schemes into new schemes that would benefit the defendants personally. Nikko's statement announcing ...

Investors stick with managed accounts despite volatility

HARRISON WORLEY  |  THURSDAY, 14 MAR 2019
... shows net fund inflows in the second half of last year were worth around $2.5 billion, a 4% increase on the sector's total funds under management. According to IMAP, the result is encouraging, given the sector faced difficulties on two fronts towards ...

Cbus director wins trustee award

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... save $100 million in investment costs a year by 2021. Noonan accepted the award at the Conference of Major Superannuation Funds (CMSF) yesterday and acknowledged industry fund pioneer Mavis Robertson as his mentor. "His engagement with the fund is an ...

Rejuvenated APRA asserts authority

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
APRA issued a stern warning to super funds to expect a more assertive and demanding prudential regulator that will crack down on underperformance and poor cooperation. But it is being held back by the long-awaited passage of a Bill. Deputy chair Helen ...

NFP super funds rise to occasion post-Royal Commission

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
While industry funds emerged largely unscathed from the Hayne Royal Commission, it is more critical than ever for not-for-profit funds to be exemplary in terms of practices and performance. This was a key message at this year's Conference of Major Super ...

Statewide Super confirms merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2019
Statewide Super is in advanced merger talks with two superannuation funds, confirming a Memorandum of Understanding has been signed. A spokesperson for Statewide Super told Financial Standard the fund is exploring a potential merger with WA Super and ...

Boutique fund manager drops fees

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2019
A boutique funds management group is reducing the management fees on one of its signature funds. Premium China Funds Management is dropping the management fee on its Premium Asia Fund by 45 basis points. This will sit alongside the removal of the performance ...