MySuper underperformance continues but fees fell
Australia’s finance regulator says that fees have dropped across MySuper accounts even as most funds continue to underperform.
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Magellan investors back hefty board fee rise
Shareholders vote in favour of a significant board fee increase at Magellan Financial, despite under performance and fund outflows.
New family rivalries among the Sydney to Hobart super rich
Racing supermaxi yachts is an expensive game. Why their owners are willing to put in the big bucks comes down to a number of factors. Freud would have a view on one of them.
Under pressure Healius chief makes way for change
Amid investor demands for a change, Malcolm Parmenter will be replaced by Maxine Jaquet who has led the reshaping of the company’s portfolio.
Former ANZ insurer OnePath sued by ASIC
The corporate watchdog is seeking financial penalties against the Zurich-owned OnePath for failing to act in good faith during a claim made when the insurer was still owned by ANZ.
LGT Crestone launches fund to invest in venture capital
Timing is everything in finance and LGT Crestone thinks now is the right time to launch a new product investing in mostly US-based venture capital funds.
M&A a ‘priority’ as Magellan attempts reset
The investment manager’s chairman, Hamish McLennan, is out to convince shareholders to almost double directors’ pay as he tries to rebuild the embattled funds outfit.
Meet the men who love coal, and all the cash it makes them
It’s making money and I’m interested in making money, says billionaire Brian Flannery. He’s not the only one doubling down on the out-of-favour resource.
Two thirds of companies drag feet on ESG value: study
Australian companies lag their European counterparts when it comes to seeing growth opportunities from meeting sustainability targets.
Perpetual executives beat Pendal rivals to top jobs
Perpetual key staffers announced to lead the combined entity if its $2.7bn takeover of Pendal proceeds. Only one Pendal executive scored a key role.
Original URL: https://www.theaustralian.com.au/author/tansy-harcourt/page/32