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Showing 151 - 160 of 1555 results for Darren Snyder

BBSW methodology restores trust

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
The new calculation methodology for Australia's bank bill swap rate began on Monday, a direct response to maintain trust in the interest rate benchmark following misuse. In a joint statement the RBA and ASIC said the new BBSW methodology calculates ...

Age Pension needs national objective: Actuary

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
Actuary Michael Rice believes there should be a national objective for the Age Pension and the Federal Government could consider setting a combined target for Age Pension and aged care costs as a percentage of GDP. These are two of several policy initiatives ...

Artificial intelligence to become commonplace at instos

DARREN SNYDER  |  MONDAY, 21 MAY 2018
About 60% of Northern Trust's Australian-based institutional investment clients believe meaningful adoption of artificial intelligence will occur within the respective businesses over the next two years. Local instos are more bullish on AI than ...

Australian asset owners support first stewardship code

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
Two prominent industry superannuation funds, managing more than $174 billion, are the primary signatories to Australia's first asset owner stewardship code. AustralianSuper and HESTA have committed to the Australian Asset Owner Stewardship Code ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
Newly-minted ASIC chair James Shipton said there will be more consumer compensation to come over fees for no service financial advice. Three months into his role, Shipton addressed the annual Australian Council of Superannuation Investors (ACSI) conference ...

Industry fund awards emerging markets mandate

DARREN SNYDER  |  WEDNESDAY, 16 MAY 2018
An investment manager fast approaching US$10 billion in assets under management and advice recently won an emerging markets equities mandate from an industry superannuation fund. ClariVest Asset Management will manage the $75 million mandate from the ...

SMA provider to award $20m mandate

DARREN SNYDER  |  TUESDAY, 15 MAY 2018
A separately managed account provider will soon award a $15-20 million Australian equities mandate to a high conviction manager, but with a twist. Agentia is working with portfolio construction consultancy InvestSense to reshape its Australian equities ...

Blue Sky revaluation sees asset prices drop

DARREN SNYDER  |  TUESDAY, 15 MAY 2018
Blue Sky Alternative Investments has completed an independent revaluation for 25% of its fee-earning assets under management, and it is expected to reduce FY18 net profit after tax by $7 million. The first phase of Blue Sky's total portfolio revaluation ...

ASIC wants industry views on short selling

DARREN SNYDER  |  TUESDAY, 15 MAY 2018
ASIC is reviewing its approach to short selling, including a proposal which would allow market makers of certain exchange-traded products to naked short sell units in an ETF or a managed fund. The law enforcement agency is seeking feedback on several ...

NSW Treasury appoints productivity commissioner

DARREN SNYDER  |  MONDAY, 14 MAY 2018
A former ATO deputy commissioner and the current chair of Sydney Financial Forum has been appointed a top role at New South Wales Treasury. Joining the NSW Government as its first productivity commissioner is Peter Achterstraat. His mandate is to "bust ...