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Showing 1641 - 1650 of 6022 results for "Credit"

Fund manager charged with fraud

ALLY SELBY  |  FRIDAY, 4 SEP 2020
The founder of a distressed debt hedge fund faces civil and criminal charges in the US, after it was found he abused his position in the bankruptcy proceedings of luxury retailer Neiman Marcus Group. The Securities and Exchange Commission has charged ...

Vanguard fund drops "cash plus" name

KANIKA SOOD  |  THURSDAY, 3 SEP 2020
... funds in a June, 2018 review. APRA at the time clarified asset-backed and mortgage-backed securities, commercial bonds, credit default swaps and hybrid debt instruments couldn't be passed off as cash. In managed funds land, ratings house Zenith last ...

ASIC restrains Mawhinney

ELIZABETH MCARTHUR  |  THURSDAY, 3 SEP 2020
... bank account in Monaco but claims that bank account was never used. He does not own any property in his name or have any credit cards or mortgages in his name. But, Mawhinney's ANZ bank account had a closing balance of approximately $420,000 in June. ...

Morningstar upgrades four, downgrades 10

ALLY SELBY  |  THURSDAY, 3 SEP 2020
... Fixed Interest fund, iShares Core Global Corporate Bond ETF, Payden Global Income Opportunities, and Vanguard International Credit Securities Index Fund and ETF, were all downgraded from bronze to neutral. Morningstar also initiated coverage of two strategies ...

Investor expectations pie in the sky: Schroders

ANNABELLE DICKSON  |  THURSDAY, 3 SEP 2020
... private market investments where there are some liquidity premiums and not be so dependent on equities and utilises the credit curve," he said. He explained that to gain an 8% return in this environment, investors would need to take on volatility of ...

Former Crestone CIO starts new boutique

KANIKA SOOD  |  WEDNESDAY, 2 SEP 2020
... build a global multi-strategy hedge fund, with significantly less beta and use strategies such trading (for example, CTAs), credit (private and public) and long/short equities among others. "We had been speaking to several institutions, and families ...

Chief economist update: RBA increases and extends TFF

BENJAMIN ONG  |  WEDNESDAY, 2 SEP 2020
... authorised deposit-taking institutions (ADIs) will have access to additional funding, equivalent to 2% of their outstanding credit, at a fixed rate of 25 basis points for three years. ADIs will be able to draw on this extra funding up until the end of ...

AMP reviews business units

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... will remain focused on implementing the company's transformational strategy and delivering for clients," AMP said. Credit Suisse, Goldman Sachs and law firm King & Wood Mallesons have been appointed as AMP's advisers to help manage the review. ...

UBS appoints new sector heads for equities

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
UBS has named new sector heads for its sell-side equities coverage, including a hire from Credit Suisse. Andrew Adams will lead UBS's coverage of insurance and diversified financials. Adams has worked at Credit Suisse for the last 10 years, covering ...

Sydney boutique wins $300m QIC mandate

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... private debt from QIC via the co-investment relationship. The boutique will lead origination of new transactions, provide credit analysis and structure investments alongside other funds. Revolution was set up in 2018 by Bob Sahota, Simon Petris and David ...