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Showing 121 - 130 of 629 results for "Class A"

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
AustralianSuper and Cbus faced an extremely hostile questioning from the House of Representatives Standing Committee on Economics, which at times devolved to committee members yelling over one another. AustralianSuper chief executive Ian Silk and Cbus ...

Class to dump MDA investment

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The SMSF technology platform has decided to either convert or redeem its $3.1 million investment in Philo Capital Advisers after concluding it is not in the best interest of its shareholders. Class previously made the investment prior to the introduction ...

Milford lowers fees

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
Milford has lowered fees for its Milford Australian Absolute Growth Fund - W Class. Fees will drop from 1.13% per annum to 0.9% per annum. Milford has also elected to cap the performance fee for its W Class at 0.95% per annum and increase the distribution ...

Macquarie launches build-to-rent platform

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
Macquarie Asset Management has established a build-to-rent platform in the UK called Goodstone Living. The new business will be led by Darryl Flay and Martin Bellinger, founders of a private UK build-to-rent developer-operator, who have overseen the ...

UK bans crypto exchange Binance

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... commendation" from the UK South East Regional Organised Crime Unit. The investigation in question related to the supply of Class A drugs via the dark web. "At Binance, we are proud to have a strong track record of assisting law enforcement agencies around ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
Clients who claimed Commonwealth Bank financial advisers put them in expensive CMLA life insurance policies instead of cheaper alternatives have been asked to work to a new group definition. The group proceedings were filed by Diana Tyrrell and Edward ...

Dexus cornerstones Australian Unity healthcare raise

KANIKA SOOD  |  WEDNESDAY, 9 JUN 2021
Dexus is investing $180 million in an Australian Unity property trust, as it looks to tap into the latter's pipeline of healthcare property assets. The Australian Unity Healthcare Property Trust holds 67 properties and is valued at $2.3 billion. Dexus ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
IFM Investors has been named in a class action regarding the Colonial Pipeline, which the industry fund investment house acquired in 2007 as part of a consortium. The class action was filed in the United States District Court in the Northern District ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021. ASIC, APRA and the Reserve Bank of Australia have reiterated the importance of ensuring a timely transition away from the London Interbank Offered ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
Following industry backlash last year, the government is consulting on the recommendations for litigation funding and class actions. The Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation ...