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Showing 9211 - 9220 of 22801 results for "Funds"

Fed does the expected, will do as expected

BENJAMIN ONG  |  THURSDAY, 2 NOV 2017
... normalisation program in October. It's also a straight copy and paste from the 14 June FOMC statement when it raised the fed funds rate a second time this year by 25 basis points to 1.0% - 1.25%. "The Committee expects that economic conditions will evolve ...

AllianceBernstein slashes retail fees

ALEX BURKE  |  WEDNESDAY, 1 NOV 2017
AllianceBernstein (AB) will cut management fees for two of its retail funds. The management fee for the AB Dynamic Global Fixed Income Fund has been reduced from 0.70% per annum to 0.55%, while the fee for the AB Global Equity Fund has been cut from ...

Aussie multi-manager awards global growth mandate

ALEX BURKE  |  WEDNESDAY, 1 NOV 2017
An Australian boutique specialising in multi-manager funds has made a cornerstone investment in a Florida-based manager of growth equity strategies. Alpha Fund Managers, the multi-manager subsidiary of Infocus Wealth Management, has invested in DSM ...

FPA supports disadvantaged youths

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2017
... a local FPA member. Future2 chair Matthew Brown said the grants are a result of FPA members' continued efforts to raise funds for grassroots programs that transform the lives of young people who have had a tough start in life. "I applaud the generosity ...

Legg Mason hires national BDM

KARREN VERGARA  |  TUESDAY, 31 OCT 2017
... suite of products" across equity, fixed income, multi-asset and alternative asset classes. Legg Mason has $962 billion in funds under management (FUM) globally. In Australia, FUM stood at $52 billion at the end of September.

Managed accounts platform doubles FUA

KARREN VERGARA  |  TUESDAY, 31 OCT 2017
Managed accounts provider WealthO2 doubled its funds under administration to $200 million in three months. Managing director Shannon Bernasconi said growth was based on referrals only, with specific demand from advisers seeking a better way to manage ...

Fintech exposes SMSFs to global shares

KARREN VERGARA  |  TUESDAY, 31 OCT 2017
Stake has hired a former Macquarie Group and IRESS executive to help self-managed super funds invest directly in the global share market. Matthew Rady joins the fintech as head of business development, responsible for expanding services and developing ...

CFS annuities hits $1bn milestone

KARREN VERGARA  |  TUESDAY, 31 OCT 2017
Colonial First State's annuities business has reached $1 billion in funds under administration (FUA) in just over two years. Acting general manager of product Sam Wall said reaching this milestone in a short amount of time is testament to CFS's commitment ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
... it as a cyclical thing but now they realise it's quite fundamental," Medcraft said. He said following the divestment of funds management, wealth management and insurance businesses the banks will face several challenges. "The big challenge for them will ...

RG97 reshaping multi-asset strategy: Zenith

ALEX BURKE  |  TUESDAY, 31 OCT 2017
... explained: "While we believe the cost-sensitive measures have merit for fund managers in an RG97 world, we also note that funds may lose some ground on efficiency, reflecting fewer avenues to generate performance or diversify risk." "This has the potential ...