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Showing 1331 - 1340 of 4461 results for "October"

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... Storm Financial-branded index funds, run by Colonial First State and Challenger, among others. The market crashed and, by October 2008, almost $1.5 billion had been lost. Many investors ended up in negative equity positions. As the Cassimatis' were ...

No time to look back

ELIZA BAVIN  |  FRIDAY, 27 MAR 2020
... pointed out, March 2020 has been the worst month so far for the Australian share market since the 1987 crash. "Back in October 1987, the All Ords lost 42%. The market bottomed out months later on 10 February 1989," Lee said. "In 1987 there was little ...

Super fund merger delayed

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... date for their merger due to the COVID-19 global crisis. Tasplan and MTAA Super were initially scheduled to merge on 1 October 2020, but have now extended the timeline to finalise the deal until 31 March 2021. The funds said they reached the decision ...

Ellerston, Morphic look to oust Perpetual

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
... (NTA) and the share price - which was the subject of shareholder and former Rothschild banker David Kingston's fury in October last year. Ellerston Capital currently acts as manager and responsible entity to its funds.

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... than six-point drop in the headline index was the second sharpest in the survey history, the current record being set in October 2001 (the month directly following the 9/11 attacks)." And that's just February, before many other countries locked down ...

MLC Asset Management appoints fixed income head

KANIKA SOOD  |  THURSDAY, 12 MAR 2020
... wealth business's leadership last year. It also rebranded its asset management business to MLC Asset Management in October last year.

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... temporary trading halt after stocks plunged 7% at the open. It was the first time a temporary halt has been implemented since October 1997. Trading stopped for 15 minutes, and afterwards, continued on a decline that would see the S&P 500 shed more than ...

Chief economist update: Coronaphobia sickens Japan

BENJAMIN ONG  |  MONDAY, 9 MAR 2020
... typhoon that hit the country and in reaction to the government's lifting of the consumption tax rate from 8% to 10% in October. Business investment dropped by 3.7% and while net exports contributed 0.5 percentage points to fourth quarter GDP, this ...

Stanford Brown hires Deloitte director, acquires firm

KANIKA SOOD  |  WEDNESDAY, 4 MAR 2020
... Soteria Capital and corporate wellness consultant BeneFit3. Hoyle flagged the firm's intention to expand into accounting in October last year, as first reported by Financial Standard. The rationale was that having financial planning and accounting under ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
... around $2 million and intercompany loans of about $75 million. IOOF sold its AET corporate trust business to Sargon in October 2018 $51.6 million. At the time, AET said it was excited to join the now embroiled firm. "The AET Corporate Trust team is excited ...