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Showing 131 - 140 of 1134 results for "Gross"

Assembly launches second diversified fund

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
... assets with similar characteristics. Meanwhile, ADPF2 is targeting a final raise of $350 million for the new fund with a gross return of 15% - 17%. AFM chief executive Michael Gutman anticipates ADPF2 will have a higher proportion of value add and distressed ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... that net returns exceed the cost of borrowing," he said. Summing up, Burshtein remarked that the latest budget projected a gross debt of $923 billion for the Commonwealth by 2024 end. "Assuming a 4.1% interest rate, the opportunity cost of this debt ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... considered a wholesale investor. Under the individual wealth test, a person who has net assets of at least $2.5 million or a gross income of at least $250,000 per year in the last two financial years, verified by a certificate given by a qualified accountant ...

GAM investors make partial offer

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
The investor group in opposition of Liontrust Asset Management's acquisition of GAM Investments is attempting to acquire 17.5% of the latter. In May, Liontrust offered to acquire GAM Investments. Almost immediately the deal was criticised by shareholders ...

Australian Unity, Cromwell to merge funds

CHLOE WALKER  |  FRIDAY, 7 JUL 2023
... non-core assets and recycling of capital to grow its funds under management, adding approximately $425 million in third-party gross assets to its Australian platform. "This transaction continues our journey to a capital-light funds management business ...

URF investors reject K2 as RE

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... hurdles to overcome," E&P Financial said. In terms of fees, KAM charges 0.05% (exclusive of GST) and 0.225% in admin fees of gross assets. As RE, E&P Investments charged 0.08% and 0.25% respectively. On June 27, investors in CD Private Equity Fund V ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... compared against the median RAFE of other platform TDPs. The investment performance of platform TDPs will also be tested using gross of tax variables to reflect how these products operate and report to APRA. For the RAFE of non-platform TDPs, these will ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
Two former directors of collapsed retail over-the-counter derivatives provider Berndale Capital Securities have been charged with dishonesty offences, including misusing over $1 million in company funds. Stavro D'Amore and Daniel Kirby are alleged to ...

ASIC bans former Gleneagle fund manager

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... orders to sell them. The unauthorised naked short selling practices by Tolpigin distorted the accuracy of the ASX's daily gross short sales report, ASIC said. ASIC said it views the prohibition of naked short selling as an "essential policy" for the ...

Adviser PI premiums up 40%: APRA

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... and professional indemnity insurance in Australia, the regulator found that between 2015 and 2021 professional indemnity gross written premiums grew by 75%. This is comprised of a 27% average increase in premiums and a 38% increase in risk counts. While ...