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Showing 1561 - 1570 of 4879 results for "FAR"

Short-seller knife twist for YouTube fundie

ELIZABETH MCARTHUR  |  FRIDAY, 9 AUG 2019
... claimed investors were given the impression that Burford produced meaningful returns across its portfolio of cases when this was far from the case. The case of Napo Pharmaceuticals v. Salix Pharmaceuticals was highlighted by the short-seller as a particularly ...

FASEA exam results spark debate

ELIZABETH MCARTHUR  |  FRIDAY, 9 AUG 2019
... ethics unit - despite already passing an exam which included ethics. Raftery called the exam a "pointless exercise". He went so far as to say: "Purely a revenue raiser. Follow the money trail." Director of Cooper Wealth Management Felicity Cooper responded ...

Spaceship co-founder to exit

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
The startup superannuation fund has appointed a new chief executive, bidding farewell to its co-founder Paul Bennetts who will exit management. Spaceship chair Andrew Moore was announced as the new chief executive for the company to staff this morning. ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
"If your opponent is temperamental, seek to irritate him." - Sun Tzu, The Art of War China's just implemented one of its greatest son's prescriptions and, for sure and for certain, it's gonna irritate Trump. Financial markets were shell-shocked ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... potential consumer harms, Press said. One sticking point for Commissioner Kenneth Hayne at the time was that s68A did not go far enough in preventing "treating" employers, and called for a civil penalty provision in the event of a breach - which is to ...

Industry fund changes asset consultant

KANIKA SOOD  |  MONDAY, 29 JUL 2019
A $12 billion industry superannuation fund has appointed a new asset consultant, ending a 17-year relationship with Willis Towers Watson. LGIAsuper has appointed JANA to act as its asset consultant, marking the third of its key external contracts to ...

CFSGAM sale clears regulatory hurdles

KANIKA SOOD  |  FRIDAY, 26 JUL 2019
Commonwealth Bank has received all regulatory approvals to sell its global asset management business to Japanese banking giant. The $4.2 billion sale to Mitsubishi UFJ Trust and Banking Corporation (MUTB) is expected completion is in August, CBA said ...

Macquarie asset management business down

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
At the Macquarie Group annual general meeting chief executive Shemara Wikramanayake said the group was performing in line with expectations, despite the annuity-style businesses, including Macquarie Asset Management, being down. Addressing the AGM ...

IPOs fewer but performing well

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
Fewer companies sought to list on the ASX in the first half of the year but IPO investors were rewarded well on the listing day, according to HLB Mann Judd's biannual IPO report. Only 23 companies listed in the six months to June, raising $823 million. ...

Super working in favour of all members

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... retirement savings shortfall. "The bipartisan, legislated policy of increasing the Superannuation Guarantee (SG) to 12% is by far and away the most critical step to ensuring an adequate retirement for all Australians," Fahy said. The report also examined ...