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Showing 1471 - 1480 of 3466 results for "Stake"

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... of the scheme the Carpoffs tapped around USD$140 million of investor money to fund a "lavish lifestyle" which included a stake in a private jet service, 150 luxury sports cars and multiple properties. Daniel Michael, chief of the complex financial instruments ...

TCorp hires former Cbus head

ELIZABETH MCARTHUR  |  TUESDAY, 28 JAN 2020
... leadership team." TCorp has recently been active in real investments. Earlier this month, TCorp acquired a minority indirect stake in Brussels Airport. In November last year, it acquired an interest in a Canadian hydroelectric generation asset. "TCorp ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
SMSF Association chief executive John Maroney has slammed ASIC for a fact sheet published and distributed to SMSF trustees last year. During a speech at a Pritchitt Partners event in Sydney, the SMSFA chief also took aim at FASEA and the ATO. Maroney ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
Former Wells Fargo chief executive John Stumpf has been banned from the banking industry and will cough up US$17.5 million for his role in the fake accounts scandal that has continued to rock the world's fourth largest bank since 2016. The Office of ...

CIMIC in $1.8b writedown

ELIZA BAVIN  |  FRIDAY, 24 JAN 2020
The country's largest construction company has reported a loss of $1.8 billion, blaming tough market conditions in the Middle East. CIMIC announced the writedown in a submission on the ASX saying the decision to exit the Middle East market came after ...

American private debt fund eyes Australia

KANIKA SOOD  |  THURSDAY, 23 JAN 2020
... It partnered with ASX-Listed Pacific Current Group in July 2018, as a part of which the multi-affiliate took a minority stake of about 24.9%. "The impetus behind this partnership was to help us as we tried to grow investor base and product base...having ...

Super fund adds first operations lead

JAMIE WILLIAMSON  |  THURSDAY, 23 JAN 2020
The longstanding operations lead at a major superannuation fund has resigned, taking on a newly created executive role at a much smaller industry fund. UniSuper's general manager, operations Steven Leach departed the fund this month after almost ...

Cbus head of advice launches firm

KANIKA SOOD  |  FRIDAY, 17 JAN 2020
The former head of advice of the $57 billion superannuation fund has launched a new consultancy firm aimed at working with super funds and dealer groups to develop better models of delivering advice. Greg Harper led Cbus's head of advice and retirement ...

Climate crisis tops list of risks for 2020s

ALLY SELBY  |  THURSDAY, 16 JAN 2020
For the first time, climate crisis and environmental degradation have taken out the top five spots in a list ranking the risks most likely to impact the world over the coming decade. It comes as extreme weather events batter the world; with fires burning ...

BlackRock wakes up to climate change

ALLY SELBY  |  WEDNESDAY, 15 JAN 2020
... Commission. Data collated by Whalewisdom on BlackRock's actively managed 13F securities revealed the fund manager has a stake in several fossil fuel companies. It owns more than 281 million shares in Exxon Mobil, with a value of $US19.9 billion. ...