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Showing 761 - 770 of 3744 results for "Figure"

Pension funds must recognise stewardship licence: WTW

DARREN SNYDER  |  TUESDAY, 1 MAY 2018
... Urwin said it's a "soft fact" that less than 1% of spend in the investment management industry is on stewardship. And that figure can't be right if you hold a normative view, he said. Speaking at the 2018 Willis Towers Watson Ideas Exchange in Melbourne ...

Government to increase SMSF member limit

KARREN VERGARA  |  MONDAY, 30 APR 2018
The Federal Government announced it will expand the maximum number of self-managed superannuation fund members from four to six - a proposal welcomed by the SMSF Association. Revenue and Financial Services Minister Kelly O'Dwyer said the change will ...

ASIC grilled over negotiating with banks

ALEX BURKE  |  FRIDAY, 27 APR 2018
... undertakings; both banks made payments of $3 million. Orr asked how ASIC determined, with the banks, that this was an appropriate figure. "I'm not really aware of that. That was not a decision made by me. I was aware of discussions around it but I can't ...

Chief economist update: The colour of Beige

BENJAMIN ONG  |  THURSDAY, 19 APR 2018
Speculators speculating on the US Federal Reserve's next monetary policy movement should pay close attention to the Beige Book Report. The "book" isn't made up of figures and numbers and stats but instead anecdotal evidence on the state of the US economy. ...

New manager raising $30m for crypto fund

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
A new investment manager launched by tech veterans is seeking to raise $30 million for one of Australia's first funds dedicated exclusively to cryptocurrency investments. Anti Hero Capital, whose managing partners also founded tech agency M5859, are ...

Westpac paid out $200m annually in conflicted remuneration

DARREN SNYDER  |  TUESDAY, 17 APR 2018
... has provided or Westpac advisers have received about $222,000 in banned conflicted remuneration since 1 July 2013. This figure comprises $24,844 in payments received under a brokerage referral arrangement, approximately $64,745 in percentage-based adviser ...

SMSF home bias drags returns

KARREN VERGARA  |  TUESDAY, 17 APR 2018
Self-managed super funds' home bias dragged returns for the sector in the 12 months to February, latest SuperGuard 360 research shows. According to the SG360 SMSF Reference Index, SMSFs generated a 5.5% return (before fees and tax) - well below the ...

Blue Sky falls short of disclosure expectations

ALEX BURKE  |  MONDAY, 16 APR 2018
... our analysis, we estimate that Blue Sky's real fee earning AUM is at most $1.5 billion, 63% less than Blue Sky's reported figure," Glaucus said. Glacus added Blue Sky "compensates for its overstated AUM by charging clients egregious management fees ...

Industry fund adds board director

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
A $9.2 billion industry superannuation fund appointed a new board director. Vision Super welcomed Australian Services Union executive president Lisa Darmanian in March, bringing the number of women on its board to four. "Lisa brings valuable experience ...

Blue Sky hits back at hedge fund, requests ASIC intervention

ALEX BURKE  |  WEDNESDAY, 4 APR 2018
... our analysis, we estimate that Blue Sky's real fee earning AUM is at most $1.5 billion, 63% less than Blue Sky's reported figure." The group added Blue Sky "compensates for its overstated AUM by charging clients egregious management fees, which can reach ...