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Search ResultsShowing 1 - 10 of 100+ results for "investment"
First strike at Pengana LIC
KANIKA SOOD  |  THURSDAY, 29 OCT 2020
... other than fees payable to non-executive directors, as all operational and administrative duties are performed by the investment manager. As your representatives, the PIA Board is comprised of four individuals with an average of 24 years' experience ...
Link rejects revised offer
KARREN VERGARA  |  THURSDAY, 29 OCT 2020
Link Group has rejected another offer made by the consortium which increased its bid to $5.40. The consortium led by Pacific Equity Partners and Carlyle Group increased its offer price on October 26. After careful consideration, Link rejected the offer ...
Evans and Partners looks to delist LITs
KANIKA SOOD  |  THURSDAY, 29 OCT 2020
... will change from Evans-owned Australian Fund Accounting Services Pty Ltd to Mainstream. The proposals maintain the investment strategy and the current fee structure. EAF, for example, will continue to charge 1.35% plus 10% of excess return each year. ...
T. Rowe Price adds to intermediary team
ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
... states, with a focus on further diversifying the firm's business across growing segments and an expanding range of investment strategies. Boscacci will be based in Melbourne and report to relationship manager for financial institutions Shane Zabiegala. ...
New super benchmarking flawed: Rice Warner
ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
The government's new Your Future, Your Super investment performance benchmarking is flawed and will have unintended consequences, according to Rice Warner. Rice Warner said the proposed package to implement some of the recommendations by the Productivity ...
IOOF appoints executive, continues growth push
ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
IOOF has announced the creation of a new executive role as it reports funds under management, advice and administration grew by $529 million in Q1 2021. IOOF chief executive Renato Mota has announced the appointment of a chief transformation officer ...
ANZ sees profits plummet, plans to exit thermal coal
ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... 1600 receiving a six month extension. The bank will pay a full-franked final dividend of 35 cents per share. Plato Investment Management portfolio manager Peter Gardner said there is some upside in the results for ANZ shareholders. "Overall the result ...
Magellan's largest client asked to review costs
KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
An activist shareholder is asking for a cost review at Magellan's biggest client, St James Place. But the risk to Magellan is low, says Credit Suisse. The UK wealth manager has been using Magellan's strategies since 2011 and was its first overseas client. ...
Northern Trust scores win in Vanguard reversal
KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... with an ESG integration strategy and proprietary quality factor screen. The funds are led by Paul Huxford as the chief investment officer of ANZ Investments. The firm said Northern Trust's appointment follows a review of its external fund managers for ...
ASFA proposes MySuper test
KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... If the fees and costs exceed 130 basis points, the product would proceed to the next stage. Stage two assesses net investment returns and benchmarks funds in the bottom quartile of risk-adjusted returns that fail the first stage. An underperforming product ...
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