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Showing 891 - 900 of 1793 results for "EXCEPT"

What do future asset managers look like?

DARREN SNYDER  |  WEDNESDAY, 10 OCT 2018
J.P. Morgan Asset Management chief executive Chris Willcox has outlined his vision for the $120 trillion asset management industry, identifying a true north for its future direction. Speaking to a group of international media in London on Tuesday, Willcox ...

Chief economist update: Keep one eye open on the housing market

BENJAMIN ONG  |  WEDNESDAY, 3 OCT 2018
... US-Mexico-Canada Agreement (USMCA). But the Reserve Bank of Australia (RBA) met as usual on the first Tuesday of the month (except January), on October 2. It could be both, plus of course, the fact that not a single soul and his dog anticipate anything ...

Glut of underperformance in managed funds: Research

KANIKA SOOD  |  TUESDAY, 25 SEP 2018
Nearly eight-in-ten managed funds in Australia failed to hit benchmark returns over a 10-year horizon, according to new analysis by InvestSMART. The researchers modelled Morningstar data for 5297 manager funds that have a track record of 10 years. They ...

OneVue posts solid earnings, fund services stands out

KANIKA SOOD  |  MONDAY, 27 AUG 2018
OneVue posted $49 million in revenue in FY18, up 20% on the previous year, as its managed funds administration service delivered a standout year. The managed fund administration business alone delivered $2.2 million of the year's total revenue growth ...

Equity Trustees net profit up 28pct, execs get bonuses

KANIKA SOOD  |  WEDNESDAY, 22 AUG 2018
Equity Trustees' top executives took home the highest possible short-term incentives, as the company swelled net profits by 28%. It paid its five top executives and the managing director about 99% of the maximum short-term opportunity awarded to ...

Link fund admin chief departs

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
The chief executive of Link Group's fund administration business has left the company. Link confirmed that Suzanne Holden tendered her resignation after eight years with the administrator. Holden was appointed to lead the fund administration division ...

Hayne sees red over failed merger

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
Commissioner Kenneth Hayne slammed two industry funds for reneging a potential merger that had clear benefits for members after finding executives were worried their roles were on the line. Talks of a serious merger between Catholic Super and the Australian ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... members' best interest analysis and the transition. He then quipped it took CFS two-and-a half years to transition - except in the case where "you were committing an offence, then you can get it done very quickly?" Elkins replied CFS was "focused ...

AMP profits nosedive, new board director announced

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
AMP profit stumbled 74% in the first half of the year as the wealth manager took a $290 million hit from advice remediation following the financial services Royal Commission. It brought in a net profit of $115 million as compared to $445 million in ...

Glennon Capital hires marketing director

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
Glennon Capital has appointed a marketing director as it continues to build its executive team to support its swelling funds under management. Brooke Logan will be responsible for all the $110 million boutique's strategic and operational marketing ...