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Showing 1 - 10 of 100+ results for "FUM"

Hostplus, Intrust merger complete

KARREN VERGARA  |  MONDAY, 29 NOV 2021
... 90,000 members, 25,000 employer clients, and $3 billion in funds under management to Hostplus, effectively taking the latter's FUM to $73 billion. Intrust chief executive Brendan O'Farrell has consequently stepped down from his post. He led Intrust for ...

More mergers, minimal awareness: KPMG

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
... concerned about proposed transactions where the resulting successor fund would have less than $30 billion funds under management (FUM) and this regulatory focus is another driver towards smaller funds being consolidated into large funds instead." However ...

Pendal recovers losses

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... a final dividend of 24 cents per share on December 16 with full-year earnings per share totalling 48.2 cents. In addition, FUM doubled to $139.2 billion following the acquisition of Thompson, Siegel & Walmsley and favourable foreign currency movements. ...

Equip, corporate fund merger complete

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
... in May. The two SFTs were announced within a week of each other back in March. At the time, BOC Super had $680 million in FUM. "We're well positioned for growth, and very much open for business. This merger supports our strategic goal of growing to $50 ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... continued pressure to keep fees low will see super funds rethinking their investment strategies, even indexing large portions of FUM. At present, indexed super options charge an average of just 0.12%. "This pressure on super fund fees, if it stays on ...

Ellerston to shutter Morphic ESG fund

JAMIE WILLIAMSON  |  FRIDAY, 15 OCT 2021
... took over as RE of the fund in early 2020, replacing Perpetual Trust Services. At the time the fund had about $75 million in FUM and was managed by Morphic co-founders Jack Lowenstein and Chad Slater. As at September 15, the fund had just $11.85 million ...

Pendal FUM rises despite mandate losses

KARREN VERGARA  |  FRIDAY, 15 OCT 2021
... losses did not dampen Pendal Group's 30% increase in funds under management for the September quarter. Pendal's total FUM grew to $139.2 billion from $106.7 billion quarter on quarter, a trading update on the ASX shows. For its Australian unit ...

Lifecycle now MySuper mainstream: Rainmaker

JAMIE WILLIAMSON  |  MONDAY, 11 OCT 2021
... of June 2021, there were 67 generic MySuper products on offer, 21 of which were lifecycle options totaling $316 billion in FUM. About half of this FUM is owned by members in their 40s and 50s, 27% is held by those in their 20s and 30s, while those aged ...

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
... funds under management last quarter, bringing it back to June figures. The global equities strategy saw a $4 billion drop in FUM to $84 billion while infrastructure equities and Australian equities remained relatively flat at $19.6 billion and $9.6 billion ...

Catholic Super adds to trustee board

JAMIE WILLIAMSON  |  TUESDAY, 28 SEP 2021
... Trustees, which comprises both Catholic Super and Equip, wants to hit $50 billion in funds under management by 2025. Currently, FUM sits at about $30 billion. Commenting, Cassin said: "I look forward to joining the members of Catholic Super's trustee ...
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