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Showing 1 - 10 of 3706 results for "Nov"

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
The Federal Court has absolved Block Earner from paying a penalty for trading without a financial services licence, which ASIC believes should have been $350,000. While Judge Jackman determined that while Block Earner, which invested in cryptocurrency ...

Freshwater Wealth launches

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
A former Viridian Advisory financial adviser has stepped out to launch a new venture, Freshwater Wealth, which caters to high-net-worth individuals. Sydney-based founder and partner Roger Perrett set up Freshwater Wealth, which is licensed by Centrepoint ...

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
The former director of DanFX, an unlicensed foreign exchange trading business, has been sentenced to seven years and three months imprisonment for fraud. Daniel Farook Ali was sentenced in the Brisbane District Court after an investigation by the Australian ...

abrdn global chief executive steps down

KARREN VERGARA  |  MONDAY, 27 MAY 2024
The global chief executive of abrdn will step down at the end of June after four years in the top job. Stephen Bird and the board of abrdn "have together agreed that it is the right time for Stephen to hand over the reins to the team" effective June ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
ASIC slapped a three-year ban on a former Life Plan FP financial adviser for failing to act in the best interests of clients and not being able to maintain "high standards". Gawad Nabi, who served as an authorised representative of Hobart-based Life ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
The Reserve Bank of Australia (RBA) board has confirmed it discussed both leaving interest rates unchanged and a hike at its May meeting. The board minutes were in line with messaging from RBA governor Michele Bullock, who spoke at a press conference ...

NovaPort Capital team calls it a day

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2024
The team at small caps manager NovaPort Capital have decided to hang up their boots. A decision was made on May 13 to wind up the small cap Australian equity manager, Fidante told investors, saying the NovaPort team had made the call to close the business. ...

Magellan advances MGF conversion to open class

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
Magellan Asset Management will go ahead with converting its Global Fund (ASX: MGF) into an open class structure. As the fund's responsible entity, Magellan Asset Management has advanced the conversion process since it was flagged in October of last ...

Crescent Capital sells down ClearView stake

ELIZA BAVIN  |  FRIDAY, 17 MAY 2024
ClearView Wealth has alerted investors that private equity investor Crescent Capital Partners intends to sell millions of shares in the company. Crescent said it would sell in aggregate more than 73 million fully paid ordinary shares to a range of sophisticated ...

Value versus growth: Market expectations in 2024

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
In 2022, concerns about rising interest rates and the Russia-Ukraine war brought fundamentals back into focus, creating numerous opportunities for value investing to generate alpha. Then transitioning to the first half of 2023, that period saw significant ...
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