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Showing 1 - 10 of 17563 results for "Asset"

Pacific Current sells stake in investment firm to Goldman Sachs

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
Pacific Current Group (PAC) has sold a portion of its interest in Pennybacker Capital Management to Goldman Sachs Asset Management's Petershill program. PAC has sold 55% of its 16.5% equity stake in Pennybacker and all its 2.5% carried interest entitlement ...

Rahmani takes up post at Magellan

KARREN VERGARA  |  MONDAY, 13 MAY 2024
Sophia Rahmani officially took over as managing director of Magellan Asset Management as of today. As announced in February, Rahmani will step into the role of chief executive in 12 months' time. As managing director, Rahmani oversees all aspects ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... individuals, based on ASIC's current analysis, could significantly exceed the amounts held in their accounts, making any asset dissipation detrimental to their chances of recovery. Although there is no current evidence suggesting Prakash is a flight ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
The tentacles of inflation are taking a toll on retirees' savings as the diminished value of their money is their biggest financial worry over healthcare costs, according to a Schroders survey. An overwhelming number of participants in the 2024 ...

The top investment funds over the past year

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... according to Rainmaker Information research. This fund seeks to provide exposure to companies involved in servicing crypto-asset markets or have "material investments" in crypto-assets. Its top holdings - MicroStrategy, CoinBase, Galaxy Digital, CleanSpark ...

The unintended consequences of the four-day work week

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... recommendation by the Senate work and care committee to trial a four-day work week at full pay. In 2022, UK fund manager Stellar Asset Management trialled 4 Day Week Global's program and found four key benefits: it improved employee wellbeing, maintained ...

Senior Cbus investment manager exits

ELIZABETH FRY  |  FRIDAY, 10 MAY 2024
... team. Hired three years ago, Cbus head of total portfolio management Mark Ferguson has departed. hE was responsible for asset allocation, capital markets and portfolio execution, and quantitative solutions teams. His appointment was part of the superannuation ...

Frontier grows consulting, governance teams

ELIZABETH FRY  |  FRIDAY, 10 MAY 2024
... as a member of the firm's specialist defensives and alternatives research team under Iain McMahon. Bernard landed the asset consultant following a five-year stint in an investment consulting role at Zenith Investment Partners, where he worked across ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
A review by ASIC has found evidence of poor oversight of advice fee deductions by superannuation trustees, with some allowing charges of up to $20,000 before raising concerns and some not conducting any checks of advice documents at all. ASIC is calling ...

Discover the best performing asset class of 2023: Mercer

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
2023 proved to be a great year for investors, with all but one asset class delivering a positive return. International equities (unhedged) led the pack with a positive return of 23.2%, driven by investor enthusiasm for tech and AI-related opportunities. ...
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