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Showing 1141 - 1150 of 3078 results for "Corporation"

Investors rage coup against Aurora

KANIKA SOOD  |  THURSDAY, 17 JAN 2019
Investors in the troubled Aurora Absolute Return Fund have voted to boot Aurora Funds Management as the responsible entity. However, Aurora contests the validity of this vote. The challenger is Primary Securities, backed by some investors of the fund ...

CCIV consultation opens

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
The next phase of implementing the Corporate Collective Investment Vehicle regime is open for consolation. Stakeholders have until 28 February 2019 to make submissions on two proposed bills - the tax and regulatory component, and related explanatory ...

Vale John Bogle

HARRISON WORLEY  |  THURSDAY, 17 JAN 2019
Vanguard founder John Bogle has passed away at the age of 89. The investment legend who introduced the first index mutual fund for investors, died today in Bryn Mawr, Pennsylvania. Vanguard chief executive Tim Buckley paid tribute to Bogle, and said ...

AFSL to begin independent review

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
ASIC ordered that an Australian Financial Services Licensee appoint an independent expert to review the implementation of its compliance framework. The regulator said it is concerned with the adequacy and effectiveness of Kaz Capital's compliance framework ...

AFSL super options under the lens

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
The final report recommends ASIC should have greater oversight of the superannuation products sitting on the approved product lists of AFSLs. The Productivity Commission calls for all Australian Financial Services Licensees (AFSL) to "immediately" be ...

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... management business CFSGAM was excluded from the demerger and sold to Japanese bank Mitsubishi UFJ Trust and Banking Corporation (MUTB) in a transaction expected to settle in mid-2019. Last month, Financial Standard reported Colonial First State swapped ...

WestConnex among largest infrastructure deals in 2018

KARREN VERGARA  |  TUESDAY, 8 JAN 2019
... Two European renewable energy deals, Innogy ($32.8bn) and Direct Energie ($22.5bn) topped the largest deals. SCANA Corporation ($21bn), an energy-based holding company located in the US, came in third place. Over the course of 2018, 2454 infrastructure ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
A landmark Federal Court judgment has provided greater clarity between general and personal financial advice, ruling in favour of Westpac's position. Yet the bank still managed to breach the Corporations Act. Judge Jacqueline Gleeson said ASIC failed ...

CFS swaps global equities managers

KANIKA SOOD  |  FRIDAY, 14 DEC 2018
... management business CFSGAM was excluded from the demerger and sold to Japanese bank Mitsubishi UFJ Trust and Banking Corporation (MUTB) in a transaction expected to settle in mid-2019.

NZ Super awards $300m mandate

DARREN SNYDER  |  THURSDAY, 13 DEC 2018
The New Zealand Superannuation Fund has awarded a $298 million (US$215m) risk-arbitrage mandate to a diversified international investment manager. Neuberger Berman won the customised mandate and its principal strategies group will oversee the investments. ...