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Showing 1391 - 1400 of 3935 results for "ASX 24"

Mercantile takeover of private equity fund moves ahead

HARRISON WORLEY  |  THURSDAY, 5 JUL 2018
Mercantile OFM is moving towards the acquisition of all shares in a private equity-focused listed investment company (LIC). In an announcement to the ASX, IPE directors unanimously recommended shareholders accept the offer in the absence of a superior ...

PM Capital offers new LIC

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
PM Capital Global Opportunities Fund (ASX: PGF) and its subsidiary PM Capital GO 2025 yesterday announced a new listed investment company. PTrackERS, is a specially-developed converting security. In seven years' time, PTrackERS security holders ...

Absolute returns core to building wealth: ARCO chair

KANIKA SOOD  |  FRIDAY, 29 JUN 2018
Investors aiming to build wealth should ignore market performance indices for at least a portion of their portfolio, according to ARCO chairman Bruce Loveday. "If you want to build wealth reliably over time, I would say that any alternative to having ...

ASIC bans former adviser on IPO conduct

KANIKA SOOD  |  WEDNESDAY, 27 JUN 2018
ASIC has banned a former Victorian financial adviser who deliberately used false information while applying for shares in at least three IPOs that listed between 2015 and 2017. Mark Damion Kawecki has been banned from providing financial services for ...

Aussie fund manager drops fees

KARREN VERGARA  |  WEDNESDAY, 27 JUN 2018
K2 Asset Management is slashing the fees for its K2 Asian Fund, making it one of several funds to undergo fee restructures in the past year. From 2 July 2018, the K2 Asian Fund will charge a management fee of 1.36% as opposed to 1.54%. Performance fees ...

Shaw and Partners shelves managed accounts partnership

KANIKA SOOD  |  MONDAY, 25 JUN 2018
Shaw and Partners, an investment and wealth management firm with $15 billion in assets under advice, has scrapped current plans for its potential managed accounts partnership with an ASX-listed provider. In its most recent business update, Managed Accounts ...

Equal weight portfolios outperform: VanEck

KANIKA SOOD  |  FRIDAY, 22 JUN 2018
Portfolios that assign equal weighting to individual stocks outperform portfolios with market cap-weighted allocations, according to VanEck. In a recently published research paper, VanEck gives a mathematical analysis of this, based on its equally-weighted ...

Priestley resigns from ASX, Future Fund boards

KANIKA SOOD  |  TUESDAY, 19 JUN 2018
... Priestly stayed on as a non-executive chair on J.P. Morgan's board. He also took up a non-executive directorship with the ASX - which he resigned from today. About six months later, he joined the sovereign wealth fund's Board of Guardians in ...

ASX on the lookout for new CFO

HARRISON WORLEY  |  MONDAY, 18 JUN 2018
A search is underway for a new chief financial officer at the Australian Securities Exchange after the market operator announced the retirement of its long-term CFO. Ramy Aziz' eight-year tenure as the ASX chief financial officer will come to an end ...

Prospa postpones IPO after consultation with Macquarie, UBS

HARRISON WORLEY  |  FRIDAY, 8 JUN 2018
Prospa has postponed its initial public offering on the ASX after consultation with joint IPO lead managers UBS and Macquarie. Initially pausing just prior to its listing, the small business lender has confirmed the further postponement of its IPO. ...