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Showing 1111 - 1120 of 1757 results for "Covid"

PSK acquires wealth firm

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JUL 2020
... Management as part of its growth plans. Socius founder and partner John D'Alessandri said that completing the acquisition amid COVID-19 was challenging. "What became obvious in the time we were spending with PSK during the process, was that our two businesses ...

IPOs halve off the back of COVID-19

ANNABELLE DICKSON  |  WEDNESDAY, 22 JUL 2020
Initial public offerings (IPOs) on the ASX reduced dramatically as a result of the pandemic in the first half of this year with just 12 new listings compared to 23 in the same period last year, according to the latest HLB Mann Judd IPO Watch report. ...

HESTA doubles down on climate action

ALLY SELBY  |  WEDNESDAY, 22 JUL 2020
... global investment but to draw on the almost $3 trillion pool of superannuation savings to power a green-led recovery from COVID-19," Blakey said. "But there is growing global consensus from investors and business leaders about the urgent need to set ...

Bezos adds billions

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... in wealth was due to a near 8% spike in Amazon shares, due to people flocking to the online retailer as a result of the COVID-19 pandemic, which is now up over 70% this year. According to the index, Bezos' personal wealth has surged from US$74 billion ...

HUB24 wins out over Netwealth: Ord Minnett

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... previous $13.71. Netwealth target price was moved to $9.55 from previous $7.70. "While NWL has rallied 37% above its pre-COVID levels, HUB is up just 15% despite producing higher relative flows through 4Q20 (NWL underlying 4Q20 flows were 5.5% of Mar-20 ...

Sovereign investors keen on gold, infrastructure

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... and infrastructure in the 12 months ahead. The annual report, now in its eighth year, found sovereign investors entered COVID-19 with large cash reserves and the lowest level of equity allocations since 2013 both relative to fixed income and as an overall ...

Mainstream funds under custody up 79%

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... quality of the administrative business. "We are pleased with the result considering the macro economic factors caused by COVID-19," he said. "It demonstrates the resilience of our business, both in geographic and product diversity, the quality of our ...

Stimulus, ERS pushes spending up 17%

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... Melbourne lockdown and NSW border closure. By comparing now to seven weeks ago, when restrictions to curb the spread of COVID-19 were in place all around the country, the impact of the easing of restrictions on consumer spending can clearly be seen. ...

Opportunities in EM debt rebound: Eaton Vance

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... bunds, etc.)," the investment manager said. Focus has now turned to individual country fundamentals as the economic shocks of COVID-19 settle in, it said. "While the rally in Q2 was broad, differentiation among countries was evident, based on varying ...

JobKeeper, JobSeeker to be extended

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
... extended again. "I am leaning heavily into the notion, and we would anticipate there would need to be some continuation of the COVID-supplement payment post-December," Morrison said. The extension of the JobSeeker program will cost the federal government ...