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Showing 1231 - 1240 of 18747 results for "Act"

AustralianSuper says cyberattack losses total $750k

ELIZA BAVIN  |  MONDAY, 14 APR 2025
... the cyberattack earlier this month, 10 suffered a financial loss totalling $750,000. "Our investigation into this criminal act found a total of 10 members had a combined $750,000 transferred out of their accounts, which were fully reimbursed this week," ...

IFM Investors fills executive post after global hunt

ANDREW MCKEAN  |  FRIDAY, 11 APR 2025
IFM Investors has appointed Amy Diab as its chief operating officer, following a six-month global search. Diab has been acting chief operating officer since October last year, after the firm lost her predecessor Lounarda David, a former chief investment ...

Hostplus limits investment options

ELIZA BAVIN  |  FRIDAY, 11 APR 2025
Hostplus members with a Maritime Contributory Accumulation with a Protected Minimum Benefit (PMB) account will have their investment options limited. Effective May 8, Hostplus will limit access to three investment options: the Australian shares, international ...

Private wealth group splashes $182m on Hejaz

KARREN VERGARA  |  FRIDAY, 11 APR 2025
Hejaz has scored $181.8 million (€100m) in funding from an unnamed UAE-based private wealth group. The Islamic financial services provider seeks to scale its Sharia-compliant offerings with the cash injection in property, auto, commercial and development ...

Falcon Capital, First Guardian fund to be wound up

MATTHEW WAI  |  FRIDAY, 11 APR 2025
Following the order to freeze the assets of the First Guardian Master Fund and its responsible entity Falcon Capital last month, the Federal Court has ordered both the fund and the entity to be wound up. In response to a petition by ASIC, the court ...

Bullock hushes rate cut expectations

ELIZA BAVIN  |  FRIDAY, 11 APR 2025
Reserve Bank of Australia (RBA) governor Michele Bullock has calmed market expectations for an interest rate cut in May, saying it is too early for the bank to decide yet. Bullock noted the extreme market volatility because of US President Donald Trump's ...

Top ART executives depart in reshuffle

ELIZABETH FRY  |  THURSDAY, 10 APR 2025
Australia Retirement Trust has appointed new heads for its equities, fixed-income, private debt and capital markets businesses following a revamp of its investment team. The superannuation giant's plan to simplify the investment process has seen ...

WTW promotes local staffers

ELIZABETH FRY  |  THURSDAY, 10 APR 2025
WTW, the pension consultant, has hired a new head of portfolio design lead and made a series of local promotions following annual performance reviews. Sasha Loutcheva joins from Russell Investments, where she spent three years as a senior asset allocation ...

American Century appoints local sales VP

ELIZABETH FRY  |  THURSDAY, 10 APR 2025
American Century Investments has appointed a former director from Dimensional Funds Advisers to run sales in Australia. Tom Fellowes has taken on the role of vice president of Australia sales. Based in Sydney, he will report to American Century's ...

US pension funds haemorrhage US$249bn

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
The 25 largest state and local pension investment funds in the US have lost an estimated US$249 billion in public equities, according to the Equable Institute. The institute, which is a bipartisan nonprofit, said most of the damage occurred over the ...