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Showing 891 - 900 of 10357 results for "Close"

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... was seen at Apex Group, jumping 25.6% to $37.06 billion. This was followed by Artega, whose assets under custody grew by close to 25% to total $2.08 billion. But there were also declines, with BNY Mellon seeing its assets under custody drop by more than ...

Janus Henderson to buy private credit manager Victory Park Capital

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... acquisition will be funded through a combination of cash and Janus Henderson common stock. The transaction is anticipated to close in the fourth quarter of 2024, pending regulatory approvals and is expected to have a neutral to positive impact on earnings ...

ASIC intends to extend legislative instruments

MATTHEW WAI  |  FRIDAY, 9 AUG 2024
... the National Credit Act. ASIC said it seeks feedback on said instruments and whether amendments are needed. Submissions close on September 4.

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... consultation paper said. Notably, the proposals also intend to minimise the risk of providers making adjustments to stay close to the average of what's being measured to avoid being penalised for underperformance. "We have chosen not to propose 'red ...

UK pension giant eyes Australian timber

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2024
Nest is establishing an evergreen timberland fund and has its sights set on opportunities in Australia. The $70 billion workplace pension fund has enlisted Campbell Global, J.P. Morgan Asset Management's timberland investment advisory company, to develop ...

Assembly Funds Management seeks $100m

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
... fund. Australian Diversified Property Fund 2 (ADPF2) is rattling the tin for the second time after it completed its first close in late 2023, raising over $115 million. The real estate fund targets a gross IRR of 15% to 17%, which also invests in senior ...

Asset management brand power a 'critical differentiator': ISS

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
In an ultra-competitive asset management industry, a firm's brand is a critical differentiator in gaining the trust of financial advisers, according to ISS Market Intelligence research. Having surveyed more than 900 advisers, asking for their opinions ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
AFS Licensees (AFSLs) and their professional indemnity insurers (PII) that fail to pay a determination will potentially see their licence revoked if the Compensation Scheme of Last Resort (CSLR) has to intervene. CSLR chief executive David Berry warned ...

Magellan adds $2bn to FUM

MATTHEW WAI  |  WEDNESDAY, 7 AUG 2024
Contrary to recent months, Magellan Financial Group gained close to $2 billion in funds under management (FUM) in July. Magellan reported $38.4 billion as of July 31, up nearly 5% from the previous month's reading of $36.6 billion. Throughout the ...

Vision Super closes property, infrastructure options

JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2024
Vision Super is closing its Property and Infrastructure options, while also removing the asset classes from one of its balanced offerings. Effective October 4, Vision Super's Property and Infrastructure options will be closed to members, with Vision ...