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Showing 881 - 890 of 6744 results for "Profit"

VGI Partners confirms merger talks

KARREN VERGARA  |  MONDAY, 10 JAN 2022
... investment strategy. In the half year to June 2021, VGI had $3.2 billion in funds under management and posted statutory net profit after tax of $43 million. Last April, the boutique appointed Jonathan Howie as its chief executive, joining from BlackRock ...

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 ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
... billion - with outflows of $1.5 billion, mostly from institutional clients. And the group reported a 33% drop in its net profit after tax to $265.2 million in FY21, as its performance fee revenue slid 63%.

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... other employees. Shareholders could not see pass the full year September results, which recorded a 138% jump in statutory profit to $5.5 billion. The bank attributed the earnings jump to a combination of turning around impairment charges and growing ...

Number one challenge for advice firms revealed

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
Dimensional Fund Advisors' global survey of financial advice firms has found one challenge for Australian advisers stands out above all else. Coming as no surprise to those in the industry, the issue advice firms are grappling with most is compliance. ...

Australian Ethical takes stake in boutique

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... businesses, he said. The ASX-listed firm has $6.6 billion in funds under management. It expects to generate an underlying net profit between $5 million to $5.5 million.

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... average default MySuper product now charges 1.08%, down from 1.13% the previous year. The total expense ratio for not-for-profit and retail funds is now 1.07% and 1.08%, respectively. There is also no difference in the total fee ratio for single strategy ...

FPA names new chief executive

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... post in mid-January 2022, leaving behind her role as chief operating officer of HOPE Housing Funds Management, a not-for-profit that provides shared equity financing for essential workers. Abood was the chief executive of advice firm Profile Financial ...

Kelly Partners acquires in NSW

KARREN VERGARA  |  MONDAY, 6 DEC 2021
... to Kelly Partners' Northern Beaches office. Kelly Partners also expects to generate between $110,000 to $160,000 in net profit after tax after the deal settles. Kelly Partners chief executive and founder Brett Kelly said: "We believe our Northern Beaches ...

New head of strategy at Crescent Group

ELIZABETH MCARTHUR  |  MONDAY, 6 DEC 2021
... Prime Minister of the United Arab Emirates. He was most recently executive director of the Crescent Foundation, a not-for-profit established by the group. Prior to this, Farook was global head of Islamic capital markets for Thomson Reuters (now Refinitiv) ...