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Showing 1131 - 1140 of 7378 results for "System"

Aware Super returns 10.7% for FY23

CASSANDRA BALDINI  |  FRIDAY, 7 JUL 2023
The super fund delivered 10.7% to members sitting in its default MySuper Lifecycle option, with investment chief Damian Graham saying a pivot away from certain unlisted asset sectors proved the right call. Aware's default MySuper option is a lifecycle ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
Openmarkets Australia has paid a $4.5 million penalty, the largest sanction ever imposed by an ASIC Market Disciplinary Panel, after contravening market integrity rules. An ASIC investigation was triggered by a series of transgressions, most notably ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... was compromised following some of its systems being accessed. Last month, the Californian Public Employees' Retirement System (CaliPERS) and the California State Teachers Retirement Systems (CalSTRS) were also hit, with members' personal data obtained ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
Embattled PwC's Australian public sector advisory business will remerge as Scyne Advisory following its takeover from private equity firm Allegro Funds. Allegro funds confirmed the new business, which it acquired for $1, will be fully independent ...

Bentham opens fund to retail investors

CHLOE WALKER  |  TUESDAY, 4 JUL 2023
The Bentham Global Opportunities Fund is now available to retail investors for a minimum of $10,000. Launched over six years ago, the fund invests in a multi-sector global portfolio of credit securities, including global high-yield bonds, global syndicated ...

Apostle links with venture capital firm

KARREN VERGARA  |  MONDAY, 3 JUL 2023
The $5 billion ethical fund manager has joined forces with a US venture capital firm that will expose sophisticated local investors to disruptive technology startups. Apostle Funds Management has partnered with Massachusetts-based Safar Partners, which ...

Cbus delivers strong returns, grapples property headwinds

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023
... an environment of high inflation, rising interest rates, the Russia-Ukraine War, and issues in the US regional banking system," he said. Chatfield emphasised that Cbus would maintain its strategic commitment to property, underscoring its important role ...

AUSTRAC drops action after Bell FG audit

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
The regulator confirmed it will not take further action against Bell Financial Group's three subsidiaries following an audit of its financial crime law compliance. Last February, AUSTRAC ordered an external auditor assess Bell Potter Securities ...

BlackRock raises $500m for Super Battery

ANDREW MCKEAN  |  THURSDAY, 29 JUN 2023
BlackRock Alternatives has secured over $500 million from Australian and global institutional and sovereign co-investors to expedite the development of the Waratah Super Battery. The Waratah Super Battery (WSB), believed to be one the largest committed ...

Super funds embrace offshore investment, internal teams

ANDREW MCKEAN  |  WEDNESDAY, 28 JUN 2023
... highlighted the constraints of Australia's relatively small capital pool in the JPMorgan report. "The superannuation system totals $3.5 trillion, which is 150% of the Australian stock market. As a result, what we're finding across asset classes ...