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Showing 131 - 140 of 4176 results for "SLI"

Hamish Douglass sells $118m in Magellan shares

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
Hamish Douglass has dumped $118.3 million of his Magellan Financial Group shares in a partial sale. Approximately 13 million in shares were sold last night through an after-market block trade at $9.10 per share. Magellan was informed that an entity ...

October proves kinder to Magellan

CHLOE WALKER  |  FRIDAY, 4 NOV 2022
After months of decreasing funds under management, Magellan Financial Group has reported the slightest of increases to its FUM despite further outflows. As at October end, Magellan's FUM sat at $51 billion; a month earlier it was $50.9 billion. Its ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
The Labor government has delivered small wins to pensioners in its Budget, but not all will reap the benefits. Treasurer Jim Chalmers has increased pensioners' earnings amount, with the temporary income bank top up to increase from $7800 to $11,800 ...

Australian Ethical FUM dips ahead of merger

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2022
Australian Ethical has seen a slight drop in its funds under management, including a final institutional redemption, and provided an update on its merger with Christian Super. Australian Ethical's total FUM now sits at $6.18 billion, a drop of 0.4% ...

Super wars not over: Swan

CHLOE WALKER  |  WEDNESDAY, 7 SEP 2022
Appearing on a panel at the Conference for Major Super Funds, Cbus chair Wayne Swan warned the industry has a fight on its hands when it comes to big structural reforms moving forward. "I was in the parliament when we started the Super Guarantee 30 ...

RBA signals further interest rate rises

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
Reserve Bank of Australia (RBA) governor Phillip Lowe has said the board will do what's necessary to ensure inflation in Australia returns to target. At its meeting yesterday, the board increased the cash rate target by 50 basis points to 2.35%. "The ...

Women have suffered greater financial loss post-pandemic: Research

CHLOE WALKER  |  THURSDAY, 1 SEP 2022
While a third of men in Australia experienced a boost in their annual income during COVID, just one in four women saw an increase, according to new research from Equipsuper. The results of Equip's survey also reveal that a larger proportion of men ...

Future Fund assets drop to $194.4bn

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
Future Fund assets slipped almost by 5% to $194.4 billion from its $203.6 billion December peak. The Australian sovereign wealth fund reported a 3.1% drop in its return for three months to June and a 1.2% decline from $196.8 billion over last year. ...

Are Australia's wealthiest tight-fisted?

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
The Centre for Social Impact's report investigating trends in Australians' income and philanthropic giving has found that although top-end wealth has grown, giving has lagged. Australia has the world's second highest median level of wealth and the fourth ...

Platinum remains positive despite net profit loss

CHLOE WALKER  |  FRIDAY, 26 AUG 2022
While the asset manager realised an 8.6% loss in funds under management for the year to June 30 and will soon farewell Kerr Neilson, the firm's outlook is positive. Platinum saw a 38% net profit after tax loss, down to $101 million. The profit slide ...