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Showing 81 - 90 of 687 results for "March quarter"

COVID-19 deepens life insurer losses

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... March, taking a significant hit from the previous year's profits of $759 million, according to APRA statistics for March quarter. The life insurance industry had $185.3 billion in total assets at March end after falling 20.1% in 12 months. The revenue ...

SMSFs to weather the storm

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... superannuation statistics released by APRA show there was a decrease of 7.7% in total superannuation assets in the March quarter. As part of this, SMSF assets fell by 9.4%. However, Verante director and SMSF specialist adviser Liam Shorte told Financial ...

Boom time for exchanges

KANIKA SOOD  |  THURSDAY, 21 MAY 2020
... The New York Stock Exchange, NASDAQ, Tokyo and Japan exchanges have all reported a surge in their revenues in the March quarter, as the markets became more volatile. Exchanges generate their revenues from trading-related fees (like transaction, clearing ...

Fidante adds to London office

KANIKA SOOD  |  FRIDAY, 15 MAY 2020
... focus on what they do best - investing," Cubbin said. Fidante Partners FUM fell 11% to $56 billion according to its March quarter update. The business last February added London-based alternatives boutique FME Asset Management but it closed last year ...

Cbus ready to deploy cash

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... opportunities ahead. The fund's board devalued its unlisted assets between 8-15% in response to COVID-19, and its March quarter returns stood at 10.54%. The fund had planned to gradually, over 2020, increase its strategic asset allocation to infrastructure ...

Insurtech investments down 54% in March quarter

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... their share of total and early-stage funding to insurtechs shrink, as total investment in the sector dropped in the March quarter. Insurtechs attracted US$912 million in the first quarter across the globe but the deal activity slowed down significantly ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
... the end of March, my view is that given the average super funds' Australian equities option went down 21% in the March quarter compared to the -21% ASX fall (the difference largely due fees), I'd say the equilibrium has been maintained," he said. According ...

Pinnacle boutique launches Cayman fund

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... Investment Management owns a minority stake has launched a new vehicle after delivering 16.5% in returns for the March quarter. Reminiscent Capital's Asia Macros Master strategy has so far been available as an Australian unit trust but will now be ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... unemployment rate peaks at around 10% over coming months and is still above 7% at the end of next year." "In the March quarter just passed, CPI inflation rose to 2.2%, but it is expected to turn negative temporarily in the June quarter, due to falls ...

Pendal appoints new head of HNW distribution

KANIKA SOOD  |  MONDAY, 4 MAY 2020
... conducted a very thorough search and had a lot of interest in the role," a Pendal spokesperson said. Pendal's March quarter results saw it slip from managing $101.4 billion at December end to $86 billion at March end, after losing $3.9 billion to ...