Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 931 - 940 of 7033 results for "December"

Aware Super's Intermodal Terminal Company to build $400m terminal

ANDREW MCKEAN  |  MONDAY, 30 JAN 2023
... the nation to benefit from an open and competitive rail freight network." ITC is a new investment platform launched in December 2022, backed by Aware Super. Aware Super said it unveiled ITC to deliver strong risk adjusted returns for members through ...

Summerhayes named Zurich chair

CHLOE WALKER  |  MONDAY, 30 JAN 2023
... director John Mulcahy, following the resignation of former chair Paul Bedbrook and non-executive director Elaine Collins in December. Condon brings over 40 years' experience to the role, having previously held senior management roles with American ...

Regal reports FUM loss

CHLOE WALKER  |  FRIDAY, 27 JAN 2023
During the December 2022 quarter, funds under management (FUM) for Regal Partners fell from $5.4 billion to $5.1 billion. Net inflows of $200 million were driven chiefly by the Regal Investment Fund, which raised over $90 million through a wholesale ...

Divestments impact Insignia FUMA

ANDREW MCKEAN  |  WEDNESDAY, 25 JAN 2023
... management and administration (FUMA) in Q2 FY23 despite divesting from JANA and AET. Insignia FUMA was $285.1 billion as at 31 December 2022, an increase of $7.4 billion (+2.7%) on a continuing basis, and decline of $7.1 billion (2.4%) after adjusting ...

Inflation beats forecasts, hits 7.8%

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2023
The official Consumer Price Index jumped 1.9% in the December 2022 quarter, rising to the highest annual rate of inflation in over 30 years. The figures were released by the Australian Bureau of Statistics (ABS) today and mark the fourth consecutive ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
... scandal in recent times. Last year, numerous products were shuttered after they failed to reach meaningful scale. In December 2022, ASIC fined Diversa over alleged greenwashing. The allegations related to statements made by Cruelty Free Super which overstated ...

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... has reported negative quarterly gross inflows, down 38% on the period prior. GDG's net inflows were $59 million in the December quarter. The business also had $114 million sales inflows. GDG chief executive and managing director Grant Hackett called ...

Perpetual, Pendal finalise merger

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... over 98% of Pendal clients, by client revenue. Despite this, last week Perpetual reported it took a $1.2 billion hit in December ahead of the merger.

Praemium takes 53% hit to inflows

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
Praemium has reported a $1.02 billion hit to its net inflows for the half year to December 31, down 53% from the same time last year. Praemium chief executive Anthony Wamsteker said: "Investor sentiment has been very subdued in the wake of three successive ...

Australian Ethical flows driven by super

ANDREW MCKEAN  |  MONDAY, 23 JAN 2023
... sentiment related to market volatility. The investment manager's funds under management (FUM) was $8.37 billion at 31 December 2022; FUM was $6.18 billion the quarter prior. Australian Ethical said FUM was bolstered by the successor fund transfer (SFT) ...