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Showing 1071 - 1080 of 4607 results for "RAISE"

Netwealth hits fund managers with new fee

KANIKA SOOD  |  FRIDAY, 31 JUL 2020
Netwealth will charge fund managers $2000 for each fee rebate arrangement, saying its costs of administering them have gone up. The platform business allows fund managers to offer fee discounts to financial advisers, licensees or managed accounts providers ...

Pinnacle puts zero-fee ETF experiment to bed

KANIKA SOOD  |  THURSDAY, 30 JUL 2020
Less than a year after Pinnacle launched Australia's first zero-fee ETF, it has decided to wind up the fund after struggling to attract investors. Pinnacle's listed the aShares Dynamic Cash Fund (Managed Fund) on the ASX in late August, 2019. ...

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
The Federal Court has taken action to dissolve an unregistered investment scheme operated by a former AMP authorised representative. MyWealth Manager was operated by Mustafa Mohammed, along with Mahek Mustafa, Mubashir Mohammed. The scheme related to ...

Garry Laurence to depart Perpetual

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
... pre-COVID, Rob Adams said in a analyst call yesterday. Yesterday, it said it would pay $465 million (about 40% via an equity raise, 50% via a debt facility and about 10% via cash) to buy 75% interest in Barrow, Hanley, Mewhinney & Strauss from BrightSphere ...

Perpetual takes stake in US asset manager

JAMIE WILLIAMSON, KANIKA SOOD  |  MONDAY, 27 JUL 2020
... investment and management personnel. Perpetual will pay about $465 million for the acquisition, funded via a $265 million equity raise (39.5% of the total cost), a new $284 million debt facility (nearly 50%) and cash (10.6%). The acquisition is expected ...

IPOs halve off the back of COVID-19

ANNABELLE DICKSON  |  WEDNESDAY, 22 JUL 2020
... increase in IPOs and pipelines remains soft with only six companies looking to list including Manuka Resources seeking to raise $7 million. "As uncertainty is generally a factor which negatively impacts IPO volumes as well as the broader market, the ...

No returns in sight for AAP investors

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... consortium's 35 funders will receive some financial gain, investing upwards of $1 million in unsecured loans in the capital raise. For those who donated to the cause, the average contribution was around $100,000, Harrington revealed to Financial Standard. ...

Iress wins mandate

KANIKA SOOD  |  MONDAY, 20 JUL 2020
... performance analysis, tax impacts and risk controls. The offering also integrates with Iress's order system. "We wished to raise the bar with a more comprehensive solution than our current processes for managing portfolios. We needed to automate our ...

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
The government's announcement of the new JobTrainer package was met with calls to extend the existing JobSeeker and JobKeeper measures as devastating unemployment numbers were released. Unemployment has now hit 7.4%, the highest it has been in two decades ...

Chief economist update: BOJ takes breather on stimulus sprint

BENJAMIN ONG  |  THURSDAY, 16 JUL 2020
The Bank of Japan (BOJ) took a breather in July, keeping its monetary policy settings and asset purchases unchanged, promising that: "For the time being, the Bank will closely monitor the impact of the novel coronavirus (COVID-19) and will not hesitate ...