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Showing 1391 - 1400 of 34105 results for "Fund"

Platinum client yanks $580m

KARREN VERGARA  |  TUESDAY, 2 SEP 2025
... management (FUM) whittled down 39% to $7.9 billion in the 12 months to June. About $5.6 billion in net outflows left the fund manager during the period. The redemptions also took a toll on management fees and earnings. Management fees fell by 28% to ...

Praemium partners to offer more global options

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
Praemium has integrated Clearstream's Vestima into its Spectrum platform, offering global fund access and operational efficiency for financial advisers. Vestima supports over 245,000 funds across 55 markets with nearly €4 trillion ($7tn) in assets ...

Societe Generale fined $3.88m

ELIZA BAVIN  |  TUESDAY, 2 SEP 2025
Societe Generale (SocGen) has been fined $3.88 million by the Market Disciplinary Panel (MDP), following an ASIC investigation, for failing to prevent suspicious orders from being placed on the electricity and wheat futures market. ASIC said SocGen ...

Former United Global Capital adviser banned

JAMIE WILLIAMSON  |  MONDAY, 1 SEP 2025
... failed key advice obligations when recommending clients invest their retirement savings into the Global Capital Property Fund Limited (GCPF). Petrovic advised clients to set up a self-managed superannuation fund (SMSF) and invest significant amounts ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... former financial adviser Ferras Merhi, claiming he engaged in "unconscionable conduct" related to the First Guardian Master Fund and Shield Master Fund that has put more than $520 million on the line. ASIC said it sought leave from the Federal Court ...

Clime investments chief resigns

KARREN VERGARA  |  MONDAY, 1 SEP 2025
Clime Investment Management's chief investment officer has resigned from the post three years after being appointed. Will Riggall tendered his resignation in June. He also exits as a director of the ASX-listed firm, a role he was appointed to last ...

Life insurers double earnings in FY25

KARREN VERGARA  |  MONDAY, 1 SEP 2025
Life insurers' earnings have more than doubled to $360 million in the 2025 financial year, according to the latest APRA figures. While revenue only rose 1% year on year to $5.9 billion, profit after income tax jumped by 210% to $116 million. Investment ...

Real estate private credit market tips towards $153bn

MATTHEW WAI  |  MONDAY, 1 SEP 2025
... took the lion's share of capital raised ($7bn), followed by India ($6.3bn), South Korea ($1.8bn) and Japan ($1.4bn). Average fund sizes have also surpassed the US$100 million ($153m) mark since 2022. The cash flows into the Australian market are likely ...

TCorp chief executive retires, successor named

ELIZA BAVIN  |  MONDAY, 1 SEP 2025
After 10 years of leadership, David Deverall will be retiring as TCorp's chief executive on 4 December 2025. Deverall will be succeeded by TCorp general manager, financial markets Rob Kenna, effective from 5 December 2025. Kenna is responsible for ...

Bravura, Future Group partner on digital advice

ELIZA BAVIN  |  MONDAY, 1 SEP 2025
Financial services technology provider Bravura Solutions has partnered with Future Group for the initial phase of its digital advice rollout, which is now underway. The partnership will provide members pre-retirement personal advice tools, and a public-facing ...