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Showing 921 - 930 of 4663 results for "DOL"

Global multi-boutique eyes Australia

KANIKA SOOD  |  MONDAY, 21 JAN 2019
A $45 billion multi-boutique founded by a former Natixis deputy chief executive is heading down under to win super fund mandates and to potentially buy Australian boutiques. iM Global Partner takes minority, non-controlling stakes in small asset managers ...

Millions of Australian's suffering from financial stress: AMP

HARRISON WORLEY  |  MONDAY, 21 JAN 2019
Financial stress is burdening close to 2.5 million Australians, according to AMP. Releasing its Financial Wellness report this week, AMP said it found two in every five Australian workers faced financial stress during their careers, costing businesses ...

Industry fund chief executive moves to life insurer

KANIKA SOOD  |  MONDAY, 21 JAN 2019
The chief executive of an $8 billion industry fund is leaving to take the top job at a life insurer. Statewide Super chief executive Richard Nunn will join MetLife as its next chief executive on May 1, leaving the super fund at the end of February. ...

UniSuper awards fixed income mandate

KANIKA SOOD  |  FRIDAY, 18 JAN 2019
A Melbourne bond manager won a $180 million mandate from UniSuper as the super fund increased its allocation to fixed income. UniSuper appointed Jamieson Coote Bonds to manage about $180 million in Australian government bonds in November. The mandate ...

Investors rage coup against Aurora

KANIKA SOOD  |  THURSDAY, 17 JAN 2019
Investors in the troubled Aurora Absolute Return Fund have voted to boot Aurora Funds Management as the responsible entity. However, Aurora contests the validity of this vote. The challenger is Primary Securities, backed by some investors of the fund ...

Local Government Super chief resigns

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
The chief executive of Local Government Super, David Smith, has resigned less than two years in the role. Smith joined the $11 billion superannuation fund in September 2017. LGS confirmed that deputy chief executive Donna Heffernan will take the top ...

VanEck drops fees on ETF

KANIKA SOOD  |  FRIDAY, 11 JAN 2019
Australia's first China A-shares ETF has knocked 12bps off its annual management fees, after a decision taken by the board in the United States. The VanEck Vectors ChinaAMC CSI 300 ETF (ASX: CETF) will now charge 0.60% instead of the 0.72%. The ...

Fed's pause becomes the ECB's problem

BENJAMIN ONG  |  FRIDAY, 11 JAN 2019
"Patient and flexible". These are the two words the US Federal Reserve has us mulling over with regards to the conduct of its monetary policy over the course of 2019. How patient and flexible? The CME FedWatch Tool puts the probability of the fed funds ...

Global iShares lead promoted, successor named

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
The global head of BlackRock iShares and index investments has been promoted. BlackRock has confirmed the promotion of Mark Wiedman to head of international and corporate strategy. Wiedman will report directly to BlackRock chief executive Larry Fink. ...

Advice groups sign on to HUB24

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
HUB24 has signed on two national advice businesses, as its total funds under management crossed the $10 billion mark. Brisbane-based licensee AdviceIQ Partners brings 31 registered planners to HUB24's platform. The licensee has added 10 planners ...