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Showing 1641 - 1650 of 7097 results for "June 2011"

Index manager, friend charged for insider trading

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
A senior index manager and his friend were charged for insider trading by the Securities and Exchange Commission for reaping over US$900,000 in illegal profits off trades made with prior knowledge of stocks that would be added to or deleted from an ...

Government increases fees for foreign investment

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
Treasury has announced another tranche of reforms to the Foreign Investment Review (FIRB) Framework. The latest reforms amend the fee framework, increasing fees for foreign investment applications for commercial businesses, agricultural land and residential ...

Sanlam withdraws from 8IP relationship

KANIKA SOOD  |  MONDAY, 21 SEP 2020
Sanlam Private Wealth says it has terminated its agreement with Eight Investment Partners. In January 2019 the two entered a strategic support agreement, with Sanlam to provide middle office services to 8IP, which was founded in 2009 by Kerry Series. ...

Contango approves new WCM strategy

ALLY SELBY  |  MONDAY, 21 SEP 2020
The board of listed investment company Contango Income Generator (ASX: CIE) has voted in favour of adopting a new strategy which will see the portfolio managed by an $85 billion California-based global and emerging markets equities manager. The board ...

Chief economist update: Yoshihide and the yen

BENJAMIN ONG  |  MONDAY, 21 SEP 2020
So far fresh Prime Minister of Japan Yoshihide Suga is off to a good start. The Prime Minister takes over from Shinzo Abe at a time when the global economy appears to have seen the worst of the coronavirus pandemic. Many governments have eased/lifted ...

Zurich distribution chief joins boutique

JAMIE WILLIAMSON  |  FRIDAY, 18 SEP 2020
Zurich's chief distribution officer, life and investments is set to depart, taking on a new role with a boutique fund manager from December. The executive overseeing its group insurance proposition is also set to depart as the insurer restructures ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
State Street was handed a $1.25 million fine by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws. Under the law (section 45 (2) of ...

Industry fund reveals new mandates

JAMIE WILLIAMSON  |  WEDNESDAY, 16 SEP 2020
An industry superannuation fund has overhauled its investment strategy, terminating and replacing several managers in the process. Following the recent termination of AMP Capital as investment manager for its Balanced Socially Responsible option, as ...

Global equities manager hires GM

KARREN VERGARA  |  WEDNESDAY, 16 SEP 2020
A boutique fund manager has hired a former Bank of America executive to help expand its global equities offering. Rhys Cahill joins Talaria Capital on November 16 as general manager of business after spending more than 15 years at Bank of America Merrill ...

Managed accounts inch to $80bn

KARREN VERGARA  |  WEDNESDAY, 16 SEP 2020
Managed accounts assets continue to grow steadily, having hit nearly $80 billion despite setbacks caused by COVID-19. The Institute of Managed Account Professionals' latest census found asset growth for the sector was stable, reaching $79.71 billion ...