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Showing 1051 - 1060 of 5520 results for "Class"

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ...

Vanguard reveals the premier asset class of the last 30 years

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... recovery, achieving a 1.2% return as opposed to its steep drop of -10.5% in FY22. Cash, which was the best-performing asset class last year with a 0.1% yield, managed a return of 2.9% this year, placing it among the lower-performing assets. "Although ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
A Charter Hall REIT suffered a major blow to its bottom line, copping a $198 million loss as substantial devaluations in the commercial real estate sector materialise in the 2023 financial year results. The Charter Hall Long WALE REIT (CLW) made a whopping ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... unnecessary financial risk. Managed investment schemes are typically structured as unit trusts that either focus on a single asset class or are multi-asset schemes. They do not include listed investment companies, debentures or shares issued by a body ...

HUB24 unveils new data feeds

CHLOE WALKER  |  WEDNESDAY, 2 AUG 2023
HUB24 added new data feeds and automation capabilities, enabling financial advisers to report on clients' other investments including cash accounts and term deposits, listed securities, managed funds, direct property, and other assets. HUB24 chief product ...

More than $100k raised at FICAP RockStar

STAFF WRITER  |  WEDNESDAY, 2 AUG 2023
The return of the Financial Industry Community Aid Program's annual 'RockStar' event was a roaring success, seeing more than $100,000 raised for its charity partners while an Oasis classic saw PIMCO's Scott Delaney crowned the night's ...

AustralianSuper grows global team with numerous hires

ANDREW MCKEAN  |  TUESDAY, 1 AUG 2023
AustralianSuper has bolstered its team with senior appointments in the UK, recruiting talent from J.P. Morgan, BNP Paribas, and Macquarie Group. AustralianSuper appointed John Normand as head of investment strategy for Europe; Sujay Shah has taken on ...

IML launches Aussie shares fund as active ETF

CASSANDRA BALDINI  |  TUESDAY, 1 AUG 2023
... catering to financial advisers and retail investors. The fund manager explained its Quoted Managed Fund represents a distinct class of units within the unlisted Concentrated Australian Share Fund. IML said it focuses on investing in a selected group ...

Goldman Sachs launches global infra feeder fund for Aussie investors

CASSANDRA BALDINI  |  MONDAY, 31 JUL 2023
... focus and our successful track record include corporate carve-outs, taking public companies private and building best-in-class companies through platform developments." Further, Camu highlighted the firm has success in building platforms. "We've ...

Bravura names chief executive

CASSANDRA BALDINI  |  FRIDAY, 28 JUL 2023
... the position after less than a year. He joined Bravura in April, having formerly held the position of chief executive at Class until its acquisition by HUB24 last year. Russell will receive a total fixed compensation of $750,000, complemented by a 33% ...