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Showing 991 - 1000 of 7099 results for "June 10"

Qualitas secures $440m for debt fund

CHLOE WALKER  |  FRIDAY, 30 SEP 2022
The alternative real estate investment manager has secured a new capital commitment from a global institutional investor to underwrite its Construction Debt Fund II. The investment increases the size of the debt fund to approximately $1.2 billion of ...

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
The Federal Court dismissed ASIC's case against Commonwealth Bank and Colonial First State in relation to the distribution of Essential Super. CBA staff signed up over 390,000 people to CFS's Essential Super between July 2013 and June 2019. ...

RBA progresses digital currency project

CASSANDRA BALDINI  |  TUESDAY, 27 SEP 2022
The Digital Finance Cooperative Research Centre (DFCRC) and the Reserve Bank of Australia (RBA) have released joint research report, providing an update on the possible central bank digital currency (CBDC) the two are exploring. The report titled Australian ...

Managed funds industry records $16bn net flows

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
The managed fund industry had estimated net flows of $16 billion in the 12 months to June 2022, an increase in funds under management (FUM) through net flows of 2.3%, according to the Rainmaker Information Wholesale Managed Funds Net Flows report. However ...

ETFs, smart beta grow in popularity

CASSANDRA BALDINI  |  FRIDAY, 16 SEP 2022
Financial advisers continue to be engaged with ETF strategies, with 88% using them to boost client portfolios in Australia this year. The annual VanEck Australian Smart Beta Survey collected data from 650 Australian financial advisers and brokers; the ...

UniSuper caps future investment in fossil fuels

RACHEL ALEMBAKIS  |  FRIDAY, 16 SEP 2022
The board of UniSuper has imposed a cap on fossil fuel exposure of 7% and has divested from companies that generate more than 10% of revenue from the extraction and production of thermal coal. UniSuper has issued its fifth annual climate risk report ...

Ex-Synchron boss appointed head of Libertas

CASSANDRA BALDINI  |  WEDNESDAY, 14 SEP 2022
Former Synchron general manager Phil Osborne has been appointed to head up Sequoia Financial Group's licensee, Libertas Financial Planning. Osborne, who resigned from Synchron in June after just five months, will support the ongoing development of advisers ...

UK regulator flags big redress bill likely for Link

JAMIE WILLIAMSON  |  WEDNESDAY, 14 SEP 2022
The UK's Financial Conduct Authority (FCA) has approved Dye & Durham's takeover of Link Group, but the acquisition may be hindered by potential redress payments of more than $500 million over Link's involvement with the LF Woodford Equity Income Fund. ...

Charges laid against former BBY head of operations

CASSANDRA BALDINI  |  TUESDAY, 13 SEP 2022
Former BBY Limited head of operations Fiona Mae Bilton has been charged with three counts of dishonestly obtaining a financial advantage. Bilton was found to have deceived St George Bank on 115 separate occasions between June 2013 and May 2015. The ...

Rising number of active funds underperforming: SPIVA

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
Most active funds underperform in every reported category over longer-term horizons, according to the biannual S&P Indices Versus Active Funds (SPIVA) Australia Scorecard. However, although long-term performance statistics are poor, the SPIVA Australia ...