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Showing 91 - 100 of 2949 results for "August 2001"

Capital Group takes stake in Qualitas

KARREN VERGARA  |  TUESDAY, 21 OCT 2025
Capital Group has acquired a substantial stake in Qualitas, taking over co-founder Andrew Schwartz's 15.1 million shares for about $52.9 million. Qualitas disclosed that the global fund manager took a significant stake in the company the day after Schwartz ...

ART names new chair

ELIZA BAVIN  |  FRIDAY, 17 OCT 2025
Helen Rowell has been appointed the new chair of Australian Retirement Trust (ART) to replace outgoing chair Andrew Fraser. Rowell's term as chair will commence on 21 November 2025. Fraser announced his intention to retire as chair of the ART board ...

Former First Sentier PMs join Blackwattle

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
Blackwattle Investment Partners has taken in three of First Sentier Investors' (FSI) former portfolio managers who are set to launch a new strategy in 2026. Rudi Minbatiwala, Jason Moodie and Marlon Chan were all part of FSI's equity income team until ...

Vast majority of advised Australians "tangibly" better off: FAAA

RIDDHIMA TALWANI  |  THURSDAY, 2 OCT 2025
A survey by the Financial Advice Association Australia (FAAA) found Australians with a financial adviser are more confident in their perceived quality of life. According to the FAAA's 2025 Value of Advice Index, 93% of advised Australians say they are ...

RBA delivers 'hawkish hold'

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
The Reserve Bank of Australia (RBA) kept interest rates on hold at 3.6% at the meeting yesterday - a move widely predicted by economists. However, some were surprised by the post-meeting statement released by the central bank. "Recent data, while partial ...

UBS shutters international shares fund

MATTHEW WAI  |  MONDAY, 29 SEP 2025
UBS Asset Management has decided to terminate the 33-year-old UBS International Share Fund, noting the fund is not at an "optimal size" to continue. The fund is to be terminated on or around October 21. "After analysis of market conditions and investment ...

Rest pays $40k over misleading statements

JAMIE WILLIAMSON  |  MONDAY, 29 SEP 2025
ASIC issued two infringement notices to the industry fund for misleading statements it made after charging more than 2000 members for insurance cover they were not supposed to have. The regulator said Rest made false or misleading representations in ...

CSLR publishes paid claims details

JAMIE WILLIAMSON  |  FRIDAY, 26 SEP 2025
The Compensation Scheme of Last Resort (CSLR) has made 551 payments totalling $54 million since it began operating, some 291 of which were made in relation to Dixon Advisory. The overwhelming majority of payments relate to personal financial advice ...

Inflation rises 3% in August

ELIZA BAVIN  |  WEDNESDAY, 24 SEP 2025
The monthly Consumer Price Index (CPI) indicator rose 3% in the 12 months to August, according to the Australian Bureau of Statistics (ABS). "The 3% annual CPI inflation to August was up from 2.8% to July, making this the highest annual inflation rate ...

Former Income Asset Management staffer embezzles $1.5m

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
A former Income Asset Management (IAM) employee has funnelled $1.5 million from the company using a bank account used by a "minority sub-custodian". IAM said it suspected fraudulent transfers made from a bank account maintained by its previous sub-custodian ...