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Showing 1661 - 1670 of 7104 results for "June 2023"

Former analyst gets three year sentence

KANIKA SOOD  |  MONDAY, 14 SEP 2020
A former investment analyst from Maple-Brown Abbott was sentenced to three years' imprisonment, after pleading guilty to insider trading in Big Un shares. Michael Ming Jinn Ho will serve the three years via an intensive correction order (aka a sentence ...

ERS applications flat line

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
There appears to be an end in sight for the withdrawal of Australian's retirement savings, with the latest APRA figures showing the amount of applications has flat lined at around three million. Over the week to September 6, only 49,000 applications ...

High performance funds significantly underperform: Research

ALLY SELBY  |  FRIDAY, 11 SEP 2020
New research from Rainmaker Information has found that high performance Australian equity funds significantly underperformed their benchmark over the three years to June 2020. The median high performance fund underperformed its benchmark by 300 basis ...

Chief economist update: ECB keeps it steady

BENJAMIN ONG  |  FRIDAY, 11 SEP 2020
They came, they deliberated, they...well...didn't do anything. At its September 10 meeting, the European Central Bank's (ECB) governing council decided to keep interest rates unchanged - repo rate at 0.00%; marginal lending facility rate at ...

ISPT writes down assets

JAMIE WILLIAMSON  |  THURSDAY, 10 SEP 2020
Industry Super Property Trust has spoken of the substantial devaluations a recent review of its holdings resulted in, as it processes about 1400 requests for rental relief. Appearing before the House of Representatives Standing Committee on Economics ...

NZ Super Fund posts positive result

ANNABELLE DICKSON  |  THURSDAY, 10 SEP 2020
Despite delivering single digit returns, the NZ Super Fund managed to outperform the average returns of Australian MySuper products and the Future Fund. The $44.8 billion fund recorded a return of 1.73% for the year ending June 30 underperforming its ...

FASEA adds exam sittings, approved subjects

ELIZA BAVIN  |  THURSDAY, 10 SEP 2020
FASEA has confirmed it will run six financial adviser exam sittings in 2021 at 31 locations across Australia, subject to COVID-19 restrictions. FASEA will hold exams from January 28 to February 2, March 25-30, May 20-25, July 15-20, September 9-14 and ...

Australian Unity profits plummet

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
Australian Unity has seen its profits plummet more than 70% compared to the previous financial year, with the group noting the impacts of COVID-19 saw it miss out on about $26 million in profit. Australian Unity reported a profit after income tax of ...

First State Super makes first take-private bid

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
First State Super, soon to be Aware Super, has made a bid to acquire 100% of the shares in a listed telco, in what comes as the super fund's first direct bid for an ASX-listed company. The $95 billion industry super fund has made a bid to acquire ...

Mainstream expands private equity offering

ELIZA BAVIN  |  WEDNESDAY, 9 SEP 2020
Mainstream Fund Services has expanded its private equity services in the Asia-Pacific region. Mainstream said it brought its US private equity solution to Asia-Pacific, to allow general partners to benefit from one complete system for accounting, CRM ...