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15 January 2021 • By Sarah Simpkins • 1 min read

BlackRock assets swell to $11.1tn

BlackRock has reported a 17 per cent growth in its assets under management for the past year, now reaching US$8.7 trillion ($11.1 trillion). The ...

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Pendal records $5bn FUM lift

Pendal Group has closed the December quarter with a $5 billion increase to its funds under management, a rise of 5.4 per cent.  The firm reported a ...

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Citi merges wealth businesses

Citigroup has formed a single wealth unit, consolidating its global consumer banking and institutional clients divisions.  The new segment, Citi ...

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IOOF exec named in sexual harassment complaint

IOOF’s deputy chief investment officer has been named in a sexual harassment complaint in a case echoing the allegations that rocked AMP through 2020

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Frydenberg banks on $200bn in savings to carry recovery

The Treasurer is counting on pent-up demand carrying Australia’s recovery across the line as JobKeeper ends and borders slam shut. Treasurer Josh ...

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‘Good does better’ for Australian Ethical

Australian Ethical has surpassed an “audacious and visionary” target as FUM grew more than 15 per cent over the December quarter. Australian ...

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Investors call UN to address sea-locked workers

Fidelity International has led 85 investors to urge the UN to address a humanitarian crisis at sea, with the long-term sustainability of global supply ...

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State Street places companies on notice over diversity

State Street has doubled down on racial diversity, threatening voting action against boards that fail to disclose their members’ ethnic composition ...

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APAC real estate retaining investor interest

The majority of institutional investors are planning to stick to their future investment plans for non-listed real estate in the Asia-Pacific region ...

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Praemium sees record inflows

Praemium saw a 128 per cent increase in inflows through December as it realised the scale benefits of its Powerwrap acquisition. Praemium saw ...

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