Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 8189 results for "CAR"

Head of institutional capital departs MA Financial

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
MA Financial's head of institutional capital is taking on a new role elsewhere. Mike Pyke has served in the role at MA Financial for more than four years but was with the alternative asset manager for over a decade. While there, he led the IPO of MA ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
A financial adviser, who worked at several major superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled. Effective May 10, Kudzanai Philip Dzawo of ...

Advisers should leverage US tech blueprint: SIAA panel

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
While the US is at the forefront of financial advisers leveraging the best technology available, Australia's advice industry cannot be left behind and should learn from the blueprint it has laid out, investment experts told the Stockbrokers and Investment ...

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 ...

Billionaire quant investing legend Jim Simons dies

ANDREW MCKEAN  |  MONDAY, 13 MAY 2024
Jim Simons, the founder of Renaissance Technologies, a hedge fund that became one of the most profitable firms in history, has died at the age of 86. Simons began his career as a mathematician, earning a mathematics degree from MIT in 1958 and a PhD ...

Rest adds to C-suite with new appointment

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
Rest has appointed Amy Murrell to the new role of chief people officer after joining the super fund in 2021 as general manager people and culture. Murrell will now report directly into Rest chief executive Vicki Doyle. "I warmly welcome Amy Murrell ...

Rest calls for removal of minimum work hours for super

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
Rest has urged the Australian government to remove the minimum hours rule for the superannuation guarantee to apply. Research conducted for Rest by CRNRSTONE found 82% of Australians think the law should be changed so that Australian workers - many ...

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
ASIC has instigated "urgent proceedings" in the Federal Court against Brisbane financial adviser Sunny Prakash and his many associated companies. The corporate regulator is investigating Prakash and his "related companies" - Principal Financial Services ...

The unintended consequences of the four-day work week

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
While a minority of organisations have embraced it, the four-day work week potentially has unintended consequences that are inflationary, reduce productivity, and can lead to employee burnout. This is according to some experts who recently spoke at ...