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Showing 111 - 120 of 4099 results for "Holding"

HUB24 farewells longstanding chair

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
... unanimously elected non-executive director Paul Rogan as chair. Rogan has served as a non-executive director since 2017, holding the position of chair of the audit, risk, and compliance committee, and as a member of the remuneration and nomination committee. ...

CrowdProperty opens to retail investors

CHLOE WALKER  |  MONDAY, 23 OCT 2023
... CrowdProperty mitigates the risk of investor capital loss through its 57-step due diligence loan appraisal process and in holding first mortgage security. CrowdProperty was originally founded in the UK by investment veterans Michael Bristow, Simon Zutshi ...

Blackwattle to take over Watermark fund

CHLOE WALKER  |  MONDAY, 23 OCT 2023
... the investment cycle. Blackwattle said the new investment manager can reduce market risk under the revised mandate by holding up to 50% of the fund's capital in cash. The balance will be invested in the Australian share market. To give the new investment ...

AAT overturns ASIC ban on investment guru

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... either licence and her false statements during the presentation, which implied that she held those licences, constitute a "holding out" in violation of the relevant provisions of the legislation. "As a result, I am convinced that the applicant has breached ...

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
The current high interest rate environment is forcing the Future Fund to rethink its asset allocation, particularly its weightings in property and alternatives, in a bid to curb any potential liquidity issues. Rising interest rates, soaring 10-year ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
Magellan Asset Management is considering overhauling the structure of one of its funds as it persistently trades below its net asset value. The closed-end Magellan Global Fund (MGF) is up for review as the board weighs up converting it into an open-end ...

Forager to delist Aussie LIT

KARREN VERGARA  |  MONDAY, 16 OCT 2023
Forager Funds Management is set to delist its Australian-listed investment trust as it continues to trade at a 15% discount to its net asset value. The Forager Australian Shares Fund (FOR) has struggled to close the 15% valuation gap over the last four ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
... platforms' consultation, released today, mandates that exchanges with over $5 million in assets or an individual client holding more than $1500 obtain an AFSL. Exchanges meeting these conditions will be obligated to operate "efficiently, honestly, and ...

ASIC cracks down on 11 SMSF auditors

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
... audits," said ASIC deputy chair Sarah Court. Court highlighted that auditors are responsible for overseeing 610,000 SMSFs, holding a combined total of more than $875 billion in funds. "SMSF auditors play an essential role in supporting confidence in ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
The government's proposed tax on superannuation balances exceeding $3 million could adversely impact up to 50,000 self-managed super fund members (SMSF), including posing liquidity challenges. According to a recent report conducted by the International ...