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Showing 101 - 110 of 19027 results for "Act"

Super trustee business dents Equity Trustees' FY26 results

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
Equity Trustees (EQT) posted substantial growth in profits in the financial year ending June 30, despite sustaining a $7.5 million loss from its super trustee business over the period. EQT Group's net profit after tax (NPAT) was $26.4 million, reflecting ...

Pacific Current eyes return to active management

RIDDHIMA TALWANI  |  THURSDAY, 27 AUG 2026
Pacific Current is mulling a return to active management, two years after it stepped back from active investing and externalised management of its portfolio. The move follows a year of asset sales that left the firm debt-free and holding $158 million ...

American Century names APAC managing director

ELIZA BAVIN  |  THURSDAY, 27 AUG 2026
American Century has named a new managing director and head of Asia Pacific, joining from Dimensional Fund Advisors. Nigel Stewart has joined the US$350 billion global asset manager and will report to Avantis Investors chief investment officer Eduardo ...

Macquarie board rejects KPMG as auditor

RIDDHIMA TALWANI  |  THURSDAY, 27 AUG 2026
Macquarie's board has rejected KPMG as its auditor starting 2027 and will instead proceed with incumbent auditor PricewaterhouseCoopers (PwC). This comes after Macquarie chair Glenn Stevens was grilled at the August 14 parliamentary hearing over the ...

CBA, Colonial First State settle class action for $249m

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2026
... representatives from CFP and FWL were alleged to have breached their fiduciary duties to their clients, breached their duty to act in the best interests of their clients, and had prioritised their own interests over their clients, in recommending certain ...

BT Panorama hires long-serving Russell Investments executive

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2026
BT Panorama hired a long-serving Russell Investments executive to lead its managed accounts division. Tim Furlan is the new head of managed accounts at BT Panorama, stepping into the role vacated by Zac Leman in May. Furlan was most recently the managing ...

Bathla collapse rattles private credit

RIDDHIMA TALWANI  |  WEDNESDAY, 26 AUG 2026
Property developer Bathla Group went into voluntary administration yesterday, raising fears that investors will pull back from private credit funds exposed to the sector. In response, MA Financial has introduced a temporary monthly redemption limit ...

AllianceBernstein launches emerging markets active ETF

VINNY VUCAGO  |  WEDNESDAY, 26 AUG 2026
AllianceBernstein (AB) has launched an active emerging market ETF on TMX Australia, expanding its local exchange traded offering and giving investors access to it Strategic Core equities strategy. The AB Emerging Markets Strategic Core Equities Funds- ...

FSC raises the bar for PC managers with fresh standards

MATTHEW WAI  |  WEDNESDAY, 26 AUG 2026
The Financial Services Council (FSC) has released a new standard and guidance note for members on private markets, with a special focus allocated for private credit managers. Both the FSC Standard No. 30: Private Markets Best Practice Principles (mandatory) ...

Netwealth profit hit by First Guardian costs

VINNY VUCAGO  |  WEDNESDAY, 26 AUG 2026
... Federal Court's declaration that Netwealth Superannuation Services and Netwealth Investments contravened the Corporations Act in relation to First Guardian after failing to obtain and assess sufficient information about the fund and make adequate ...