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Showing 1 - 10 of 328 results for "AUM"

PGIM launches new platform in Australia

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
... the US. It is part of PGIM Real Estate's agricultural investment platform that has grown rapidly in the last 10 years, with AUM growing from US$4 billion 10 years ago to US$10.8 billion today. PGIM opened in Australia in 2011, with a team of commercial ...

Perpetual profit, operating revenue lifts

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... operating environment. "The first half of 2024 represented the first full six-month contribution from Pendal Group. The Group's AUM stability over the last six months reflects the benefits of our larger, more diverse total AUM base as a global multi-boutique ...

Super assets reach $3.7tn

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... self-managed super fund (SMSF) sector trailed behind, rising 7% to $913.7 billion. Industry funds' assets under management (AUM) of $1.3 trillion is where most Australians park their money, growing 15% year on year. Retail super funds' AUM grew at a ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... 33% year on year jump in IFA flows into its flagship North platform. North's managed portfolios reached $13 billion in AUM at the end of 2023. The platforms business made $90 million in underlying net profit, up from $65 million year on year. AMP ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... Systems, and Honeywell are held across a mix of active and passive equity strategies that account for less than 0.01% of its AUM. "None are on our exclusion list as they do not contravene the above-mentioned definition," the spokesperson said. TelstraSuper's ...

Perpetual weathers $4.3bn in outflows

ANDREW MCKEAN  |  MONDAY, 29 JAN 2024
Perpetual experienced $4.3 billion in net outflows, but its total assets under management (AUM) rose 1% to $213.9 billion, buoyed by positive market movements, as detailed in a second quarter FY24 business update. Perpetual chief executive Rob Adams ...

500 jobs to be axed at abrdn

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
abrdn will cut 10% of its workforce as part of a cost cutting exercise following significant outflows in the second half of 2023. The fund manager is targeting a cost reduction of $290 million (£150m) by the end of 2025 to restore its investments division ...

Ethical ETF assets surge in 2023: Analysis

RACHEL ALEMBAKIS  |  MONDAY, 22 JAN 2024
... Responsible Investment Association Australasia (RIAA) report. For the first time in years, the total responsible investment AUM declined from $1.542 trillion in 2021 to $1.293 trillion in 2022, a $249 billion gap. At the same time, the total managed ...

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... billion or more and employees of 500 or more - will begin mandatory reporting from July 2024. Asset owners with $5 billion AUM or more, entities that meet two of three three criteria - revenue of $200 million or more, assets of $500 million or more and ...

BlackRock bags Global Infrastructure Partners for US$12.5bn

ANDREW MCKEAN  |  MONDAY, 15 JAN 2024
... transaction will create an infrastructure private markets investment platform with a combined client assets under management (AUM) of over US$150 billion. The deal aims to deliver clients market-leading, holistic infrastructure expertise across equity ...
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