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Showing 1661 - 1670 of 6022 results for "Credit"

Challenger boutique managing Nikko strategy

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... Ardea in February began managing a strategy which aims to deliver JPY Libor plus 2% return after fees, without the use of credit or directional investments. The relationship was first noted in Challenger's annual report for FY20 released last week. It ...

New 'cash plus' style sovereign bond fund

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... debt. The CC JCB Dynamic Alpha fund will hold high-grade sovereign bonds from G7 nations and Australia, with an average credit rating of AA+. The 'cash plus' style fund is promising higher than cash returns with daily liquidity and low volatility, with ...

Kogan Super reports growth

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... $126.5 million, up 39.6% year on year. Among the other verticals Kogan launched in the last year were Kogan Cars, Kogan Credit Cards, Kogan Energy and Kogan Mobile NZ. Kogan's insurance business, which encompasses life insurance, grew too with commission-based ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 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, apparently Mawhinney's ANZ bank account had a closing balance of approximately $420,000 ...

Schroders appoints head of private debt

KANIKA SOOD  |  FRIDAY, 14 AUG 2020
... last year. Schroders' private assets and alternatives business manages $81 billion across private equity, securitised credit, infrastructure finance, insurance-linked securities, impact investing and real estate. It began building out its private ...

iProsperity accused of being a Ponzi scheme

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
The administrator appointed to embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments. The report suggests investor money was misappropriated by iProsperity ...

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... and drive sustainable performance." The third quarter results, including slightly higher expenses as well as a 5% lift in credit impairment charges, were buoyed by "decisive actions" taken by the bank in April to strengthen its balance sheet, McEwan ...

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
IFM Investors and Regal backed Spitfire has appointed administrators, as it looks to restructure the group after a shareholder reneged on promised funding. Olvera Advisors' Damien Hodgkinson and Kate Barnet were appointed as joint and several voluntary ...

Asset managers still bearish, but less so

ALLY SELBY  |  WEDNESDAY, 12 AUG 2020
... average (34.5%). Ongoing uncertainty, illustrated by record high gold prices, implied volatilities and the popularity of credit default swaps, has seen institutional managers remain bearish, despite equities' run. "The second quarter of this year was ...

SME insolvencies set to increase

ANNABELLE DICKSON  |  WEDNESDAY, 12 AUG 2020
The signs of resilience from small to medium enterprises (SMEs) may be short lived when government support starts to taper off leading to higher numbers of insolvencies, according to CreditorWatch. The number of SMEs defaulting on payments fell by 13.2% ...