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Showing 821 - 830 of 5176 results for "Fund manager"

Consultation opens for CCIV draft bill

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
The long-awaited Corporate Collective Investment Vehicle regime draft regulation has been released, with consultation to be held until 21 January 2022. Rules for financial reporting, record-keeping, and custody of CCIV assets are some of the measures ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... Morningstar cut its fair value estimate for narrow-moat Magellan Financial Group by 25% to $38 per share, after the fund manager lost a major mandate. That's according to a note from analyst Shaun Ler, who said the impact of St James' Place (SJP) cutting ...

Pension scheme, UBS divest energy companies

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
A UK pension scheme and UBS Asset Management have called time on investments in five energy companies that are not working towards a low carbon economy. Nest and UBS AM have sold shares in Exxon Mobil, Imperial Oil, Kepco, Marathon Oil and Power Assets ...

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
The former chief executive of MFS Group - later known as Octaviar - has been declared bankrupt after he failed to pay a penalty to ASIC of $300,000. The Federal Court made the order against Michael Christodoulou King based on the unpaid penalty even ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
Treasurer Josh Frydenberg announced reforms to proxy advice which includes forcing superannuation funds to disclose detailed voting records. Super funds exercising voting rights on behalf of their members will need to be more transparent with their ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
... like to thank St James' Place for its partnership and support over many years." Magellan was the only Australian fund manager St James' Place offered its UK clients access to. The Australian Financial Review reported that Magellan's mandate from St James' ...

ISPT takes stake in property fund manager

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Street Real Estate Services (FSRES) business, increasing its interest to 75% from the current 50%. Unlisted property fund manager ISPT invests on behalf of industry superannuation funds, with $19.6 billion spread across commercial, retail, logistics ...

Hejaz hires three senior leaders

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... management roles at AMP, MLC, IOOF, VicSuper, and Suncorp. He was most recently an executive vice president at property fund manager Dark Horse. Oey, who hailed from Bank of Melbourne and Bankwest, is now responsible for driving growth, developing new ...

FSC names acting chief executive

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
The Financial Services Council appointed an acting chief executive as it looks to replace Sally Loane, who steps down on December 23. Blake Briggs, currently the deputy chief executive of the FSC, will take the top job in the interim. Briggs joined ...

NZ Super awards passive ESG mandates

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... performance and responsible investment requirements. UBS Asset Management ANZ's interim head John Mowat said the fund manager is delighted to partner with a leader in responsible investment such as NZ Super. "... we're proud to be selected to ...