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Showing 101 - 110 of 1042 results for %22Gross%22

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... rebuttable presumption that a return to the general members of a class action litigation funding scheme of less than 70% of their gross proceeds is not fair and reasonable," Treasurer Josh Frydenberg said. Finally, the draft legislation would also require ...

MFS Investment Management launches new trust

ANNABELLE DICKSON  |  WEDNESDAY, 29 SEP 2021
The US$685.5 billion fund manager has opened a multisector, small and mid-market-cap equity trust to Australian and New Zealand investors. The MFS Global New Discovery Trust aims to generate alpha by selectively investing in high-quality companies within ...

GSFM bolsters team

ANNABELLE DICKSON  |  THURSDAY, 16 SEP 2021
... which has returned 16.9% per year since its inception nearly four years ago. The fund invests in 30-50 positions, with a gross exposure of 50-150%. Average long positions are 3% of the fund's NAV while average short positions are 1.5% of NAV.

Monster trade in BlackRock's IOZ

KANIKA SOOD  |  WEDNESDAY, 15 SEP 2021
... manage exposures with ease. As such, we have seen increased trading volumes in IOZ in early September that has resulted in gross primary market flows nearing $1 billion," Kingston said. "This speaks to the liquidity and cost benefits of ETFs, and we ...

Strong year for farmland assets

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... 32.81%. Annualised returns for the Australian Farmland Registers were 8.46% to June end. Argyle Capital Partners said the gross value of Australia's agricultural production is forecast to reach $65 billion for 2021-22. "Excellent farm-gate prices ...

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... million was driven by previously reported non-cash impairment of $200 million, and integration expenses of the acquisitions. Gross margin slid 3bps to 37 bps as IOOF continued to turn off legacy structures like grandfathered commissions. During the year ...

Charter Hall profit, inflows rise

ANNABELLE DICKSON  |  MONDAY, 23 AUG 2021
... revaluations of $4.1 billion as well as capex spend on developments of $1.8 billion. Charter Hall recorded $5.3 billion of gross equity inflows which consisted of $2.1 billion in wholesale pooled funds, $1.4 billion in wholesale partnerships, $1.1 billion ...

SelfWealth reports 135% revenue increase

ELIZABETH MCARTHUR  |  FRIDAY, 20 AUG 2021
... also reported operating cash flow of $1.1 million, up from negative cash flow of $147,000 thanks to the increased revenue. Gross profit margin for the platform increased from 33.4% to 41.4% in the 2021 financial year. It launched US trading in December ...

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
The Compensation Scheme of Last Resort (CSLR) will lock out victims of financial misconduct or fraud who pursue court proceedings - something that is inherently unfair, according to law firm Maurice Blackburn. Maurice Blackburn principal lawyer Josh ...

IOOF buys $68m retail property

KANIKA SOOD  |  WEDNESDAY, 28 JUL 2021
... Government Area, where the population is expected to grow at 2.8% p.a. over the next five years. IOOF head of property Simon Gross said the acquisition is its 19th retail property. "While some segments of the property sector may have experienced some ...