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Showing 911 - 920 of 7221 results for "Record"

Macquarie breaks into top 50 fund manager list

KARREN VERGARA  |  TUESDAY, 24 OCT 2023
Macquarie Group broke into the world's top 50 largest fund manager rankings with US$543 billion in assets, making it the only Australian fund manager on the list. The latest analysis by the Willis Towers Watson's Thinking Ahead Institute shows ...

Insignia's managed account FUM swells

STAFF WRITER  |  MONDAY, 23 OCT 2023
... is held in the separately managed accounts (SMA) managed by MLC Asset Management on MLC Wrap. The month of September saw record flows for both MDAs and SMAs, Insignia said, clocking $248 million in net flows. "We are pleased to see the uptake in our ...

abrdn's Brett Jollie lands new gig

ELIZABETH FRY  |  MONDAY, 23 OCT 2023
... with hands-on experience across the full spectrum of funds.management," he said, noting the new partner's strong track record in managing organisational change. "Importantly Jollie has a genuine commitment to improving client outcomes and is very ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
The Administrative Appeals Tribunal (AAT) has nullified ASIC's ban on Dominique Grubisa, an investment guru and DG Institute founder, from participating in credit activities and financial services. In 2022, Grubisa was banned for four years after ...

Former AMP Capital executive takes over at Selfwealth

CASSANDRA BALDINI  |  THURSDAY, 19 OCT 2023
... "Craig has broad experience in stockbroking, fintech platforms, and, importantly, driving strategic growth. He has a track record of success in this in global markets and across different organisations," she said. Commenting on his appointment, Keary ...

KeyInvest, Mantis Funds launch investment bond offering

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
... investment officer Dion Silvy said. "The climbing net worth of Australian baby boomers, supported by large super balances and record house prices, is predicted to cause a great intergenerational transfer of wealth," Silvy said. "The low-cost and tax-effective ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
Life insurance profits in Australia have soared to $1.2 billion, doubling in the year to 30 June 2023, primarily due to gains in superannuation business, according to KPMG's annual market review. Risk products recorded a $400 million profit in FY23 ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
Magellan Asset Management is considering overhauling the structure of one of its funds as it persistently trades below its net asset value. The closed-end Magellan Global Fund (MGF) is up for review as the board weighs up converting it into an open-end ...

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
Challenger reported Total Life sales for the first quarter reached $2.8 billion, primarily driven by record annuity sales, contributing to substantial growth in its book value. The investment manager said annuity sales jumped by 17% to $2.1 billion ...

legalsuper appoints finance chief

ELIZABETH FRY  |  MONDAY, 16 OCT 2023
The industry fund for the legal community has hired a finance chief but is still in the market for a new chief investment officer to replace Norman Zhang who resigned last month. legalsuper chief executive Luke Symons has announced the appointment of ...