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Showing 1031 - 1040 of 3228 results for "April 4"

State Street fund purges tobacco, weapons

KANIKA SOOD  |  FRIDAY, 15 MAY 2020
State Street's international equities trust, which tracks MSCI World ex Australia, is set to exclude tobacco and controversial weapons. It will make the changes from July 1, for both the hedged and unhedged versions of the State Street International ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... unemployment rate is explained by the sharp drop in the participation rate from 66.0% in March to a 15-year low of 63.5% in April - those dropouts aren't classified as unemployed. Likewise, the ABS explained that unlike in the US and Canada, which ...

KKR company cut doctors pay during pandemic

ELIZABETH MCARTHUR  |  FRIDAY, 15 MAY 2020
Private equity firm KKR, which recently acquired Colonial First State, is in hot water in the US over claims a health company it owns cut doctors pay amid the COVID-19 crisis. KKR acquired a 55% stake in CFS on 12 May 2020 for approximately $1.7 billion. ...

COVID-19 ushers in the future of work

ALLY SELBY  |  THURSDAY, 14 MAY 2020
With days, weeks, and months passing in what seems a blink of an eye, Australians have become accustomed to the comfort of working from home. So what does it mean for commercial real estate and those invested in it? Perhaps many, arguably those without ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
Fears super funds with memberships concentrated in the industries hit hardest by the COVID-19 shutdown would feel the pain of early release more are proving largely unfounded, with funds of all kinds seeing withdrawals. While much speculation surrounded ...

Regal Atlantic fund perks up in April

KANIKA SOOD  |  THURSDAY, 14 MAY 2020
Regal's Atlantic Absolute Return Fund posted a 14% rise in April, looking up from its -58.6% returns for March and -32% for February. The fund, which invests in global stocks and aims to max returns regardless of market fluctuations, benefited from ...

Adviser guilty of misuse of client money

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
Former financial adviser Anthony Dick pleaded guilty to 11 counts of dishonestly using his clients' money for his own personal use. Dick was charged in February this year after an ASIC investigation revealed he had accessed and transferred around ...

Hedge funds rally in April, but YTD still bleed red

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
New data has revealed that hedge funds around the globe staged a recovery in April, with a positive aggregate return of more than 5%. It follows a disappointing March, with almost all the hedge funds tracked by a global database and analytics tool in ...

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
Industry Super Australia has been forced to revise the modelling underpinning their calculations of the impact of the government's Early Release Scheme on retirement balances. An ASIC missive caused the peak body for industry superannuation to reconsider ...

Pengana eyes fully franked dividend

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Pengana is trying to draw investors into one of its international equities vehicles by amending its investment mandate with an objective to fully frank future dividends. Pengana International Equities (ASX:PIA) said it has implemented a change in the ...