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Showing 1011 - 1020 of 6018 results for "Credit"

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... commenced civil penalty proceedings for alleged DDO breaches against a distributor of an investment product and an issuer of a credit product. We have further stop orders under consideration and several other DDO-related investigations underway." The ...

MA Financial acquires US credit manager

CHLOE WALKER  |  TUESDAY, 2 MAY 2023
The listed fund manager is entering the US credit market through a buyout of New York asset manager Blue Elephant Capital Management (Blue Elephant). MA Financial is paying about $7.5 million for Blue Elephant, which was founded in 2013 and manages ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... nation's history. Its demise marks the third bank collapse this year and the second shotgun wedding, following the joining of Credit Suisse and UBS.

Wingate launches third credit fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
The alternatives fund manager has launched its third credit fund to wholesale investors that invests in corporate debt opportunities in Australia and New Zealand. Wingate Corporate Credit Fund 3 (WCCF3) targets net pre-tax returns of over 10% per annum. ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... advisers. The corporate watchdog detailed several changes to Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees, following consultation from the likes of super funds, financial advisers, banks and insurance firms that expressed ...

Morningstar downgrades PIMCO, Vanguard funds

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
... particularly effectively." "Plaudits are warranted for cutting the fee, and the shop's research base across sovereigns and credit remains considerable. That said, the magnitude and circumstances behind the turnover elsewhere give us pause, with costs ...

US platform bids for Yieldbroker

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
... platform for Australian government bonds and interest rate derivatives, while Tradeweb operates marketplaces for rates, credit, equities, and money markets. "We believe this transaction would leverage both firms' innovative trading solutions and deep ...

Eildon rebuffs takeover bid

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... much as 19% to 94 cents. EDC shares traded as high as $1.15 in 2019. Eildon, with $282 million invested in real estate and credit strategies, said the offer ignores the intrinsic value of the funds management platform. Eildon expects its assets under ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... producer Horizon Oil, US drilling company Diamond Offshore and Kiland, the owner of Kangaroo Island. Prior to the collapse of Credit Suisse, the fund invested 2.5% in a mixture of the bank's bonds and shares. "Although the shares fell by 50% and one ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
To avoid disincentivising Australians saving more for retirement, the Financial Advice Association Australia (FAAA) urges the federal government to decrease the proposed 30% tax rate for superannuation balances that exceed $3 million. This is in response ...