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

Search Results

Showing 1021 - 1030 of 10100 results for "Trust"

ASX chair to retire, successor named

MATTHEW WAI  |  WEDNESDAY, 11 SEP 2024
... markets, and I look forward to working with the Board, Helen and the management team to continue building the capability, trust and confidence befitting a world class exchange." Roche was re-elected at ASX's 2023 AGM, however has been under immense pressure ...

Metrics to list CRE fund

KARREN VERGARA  |  TUESDAY, 10 SEP 2024
... the ticker code MRE. The fund invests via Metric's two other strategies: Metrics Real Estate Multi-Strategy Passive Trust and Metrics Real Estate Multi-Strategy Active Trust. Some 50% of funds will be deployed in the passive trust, which has exposure ...

Aussie super funds climb ranks, government funds slide

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... ranks highest, coming in at 16 th and moving up two places since 2022. It is most closely followed by Australian Retirement Trust at 22 nd and Future Fund at 25 th. Aware Super has also now cracked the top 40, ranking 37 th versus last year's 41 ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... including gambling and personal entertainment expenses. The judge described his conduct as "brazen" and "a serious breach of trust." He added that the crimes were motivated by greed and noted that, at the time, Sandiford was abusing alcohol and cocaine. ...

Nikko Asset Management to become Amova

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... Nikko. The renaming has no impact on the fund manager's ownership, remaining a fully-owned subsidiary of Sumitomo Mitsui Trust Group.

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... actions." They also want AMPFP to be brought to a public trial, given that it "behaved unconscionably and in breach of the trust, confidence and goodwill that once existed between AMPFP and its network of authorised representatives." In November 2022 ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
The Federal Court has appointed new receivers and administrators to Keystone Asset Management, as ASIC attempts to identify where more than $100 million of investors' money has gone. The Federal Court appointed Jason Tracy and Lucica Palaghia of ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... sentencing Justice O'Connell remarked that Grimm was "well aware of his obligations" and that he "abused the position of trust that a licensed financial adviser holds." Justice O'Connell found that Grimm's "moral culpability was high." ASIC was successful ...

abrdn closes hedge fund

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
abrdn has terminated a hedge fund that achieved negative returns since inception and failed to gain investor interest. The abrdn Global Risk Mitigation Fund closed on August 30. abrdn said due to changing demand, "the fund size has become smaller over ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
First Super co-chair Michael O'Connor has stepped down following allegations by APRA that he breached his duties as a director in relation to a contract between the fund and the Construction, Forestry and Maritime Employees Union (CFMEU). In addition ...