Vanguard to pay $13m in greenwashing case brought by ASICBY JAMIE WILLIAMSON | WEDNESDAY, 25 SEP 2024 12:39PMVanguard will pay a $12.9 million fine after being found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. Related News |
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Deficit to reach $26bn: Deloitte
The federal government's pre-election budget is expected to unveil an underlying cash deficit of $26.1 billion for the 2025 financial year, while revenues will deteriorate by $11.3 billion over four years, a new report from Deloitte shows.
Navigator takes stake in 1315 Capital
ASX-listed Navigator Global Investments (NGI) has acquired a stake in the US private equity firm that has US$1 billion in assets under management (AUM).
Underperforming managers in China could see pay halved
The markets regulator in China is threatening to slash the pay of fund managers by 50% if they underperform their benchmarks as part of a shake-up of the US$4.6 trillion mutual fund industry, according to a report.
Fixing retirement system an election priority: Grattan
The Grattan Institute is once again calling for the simplification of Australia's retirement income system, saying it should be a policy priority for whoever wins this year's federal election.
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Featured Profile
Jelena Stevanovic
CHIEF EXECUTIVE OFFICER
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
As the new chief executive of Platypus Asset Management, Jelena Stevanovic hopes to continue the fund manager's long tradition of outperformance with patience and by fostering meaningful relationships with clients and staff. Karren Vergara writes.
