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Showing 1681 - 1690 of 3902 results for "ASX 300"

US funds launch lawsuit against big four banks

ALEX BURKE  |  FRIDAY, 19 AUG 2016
A class action lawsuit has been launched against NAB, CBA, ANZ and Westpac, as well as Macquarie and other investment banks for their alleged rigging of the bank bill swap reference rate (BBSW). The Sonterra Capital Master Fund, Frontpoint Financial ...

QV Equities posts solid year

DARREN SNYDER  |  THURSDAY, 18 AUG 2016
QV Equities' cautious approach last financial year saw the listed investment company post a portfolio return of 8.2% before tax, and a company after tax profit of $5.72 million. Managed by Investors Mutual, the LIC reduced its cash position by 10% during ...

ASX senior manager goes to Citi for wealth head role

ALEX BURKE  |  THURSDAY, 18 AUG 2016
Citi has appointed a new head of banking wealth management product. Marcus Christoe joins Citi from the ASX, where he was senior manager, funds and investment products. Prior to that, he was head of equity structured products at RBS and head of equities ...

Link considers Pillar bid

DARREN SNYDER  |  WEDNESDAY, 17 AUG 2016
Large superannuation administrator Link Group is interested in the New South Wales government's sale of Pillar Administration, and it will now consider whether to participate in the bid process. Link told the ASX that if it decides to progress with ...

Schroders joins exchange-quoted managed fund game

MARK SMITH  |  TUESDAY, 16 AUG 2016
Schroders has joined Magellan, K2 Asset Management and AMP Capital in launching an ASX-quoted version of one of its managed funds. The Schroder Real Return Fund (Managed Fund) is based on the firm's successful Real Return CPI Plus 5% fund - which at ...

Challenger sees record sales boost in 2016

ALEX BURKE  |  TUESDAY, 16 AUG 2016
Challenger has boosted its annuity sales by 22% to $3.4 billion in 2016. The group attributed this increase to the moves in the super industry to include Challenger annuities on investment platforms. Chief executive Brian Benari said this allowed Challenger ...

Antipodes LIC aims to raise $200m

MARK SMITH  |  MONDAY, 15 AUG 2016
Sydney-based international equities boutique Antipodes Partners has launched its first listed investment company (LIC) to Australian and New Zealand investors. Antipodes Global Investment Company Limited (ASX: APL), which has a 'Recommended' rating ...

Investment manager announces takeover offer

DARREN SNYDER  |  FRIDAY, 12 AUG 2016
Mercantile Investment Company subsidiary, Mercantile OFM, is working through a proposed takeover of shipping services firm Richfield International. Mercantile, an investment manager principally investing directly and through controlled entities in securities ...

Magellan full year profits up 14%

MARK SMITH  |  THURSDAY, 11 AUG 2016
Magellan Financial Group has seen its net after tax profit increase 14% to $198.4 million in the last financial year. Funds under management rose 11% to total $40.5 billion at 30 June with 83% of assets in global equities and 17% in infrastructure equities. ...

Bell FG delivers flat HY profit

KERRIE SYDEE  |  THURSDAY, 11 AUG 2016
Bell Financial Group has delivered a half year net profit of $5.7 million, the same profit the group delivered in 1H 2015. Revenue was up by 2% in 1HY 2016 to $84.7 million, slightly higher than the $83 million recorded in 1H 2015. The group has declared ...