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Showing 1681 - 1690 of 6264 results for "December 2021"

Future Fund property head departs

KANIKA SOOD  |  MONDAY, 17 FEB 2020
The $168 billion sovereign wealth fund is looking for a new head of unlisted property as the incumbent leaves after 11 years. Stewart Tillyard was appointed to the head of unlisted property role in June 2018 after a restructure during which the head ...

JPMorgan admits to withholding ANZ shares

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
A JPMorgan executive has told the court that there was an agreement between JPMorgan, Deutsche Bank and Citigroup to withhold ANZ shares from the market. Speaking to the court for the ongoing case surrounding the $2.5 billion ANZ share sale, ex-JPMorgan ...

Short seller bites the dust

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
An activist short seller that accused an ASX-listed agricultural fund of running "scams" was dealt a blow in a Supreme Court judgment handed down yesterday. Texas-based Bonitas Research previously alleged Rural Funds Group (ASX: RFF) was overstating ...

Former Macquarie adviser cops lifetime ban

ALLY SELBY  |  THURSDAY, 13 FEB 2020
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour. ASIC has permanently banned Queensland-based adviser, Warren Scott ...

Chief economist update: Australians not confident enough

BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
Latest surveys show an improvement in Australian consumer and business confidence despite concerns over the impact of the bushfires, floods and the coronavirus. The Westpac-Melbourne Institute Index of Consumer Sentiment rose 2.3% to 95.5 in February ...

QSuper member drags board to court, loses

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
A member dragged the $113 billion QSuper's board to court over treatment of an insurance claim but had the appeal thrown out. Queensland resident Daniel Chapman went to the Federal Court wanting QSuper to pay him a greater interest on a delayed ...

BT fund to wind up

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
It's the end of the road for a BT multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out. The BT Institutional Diversified Balanced PST was managed by Stuart Eliot and invested in local and global shares, fixed interest ...

AMPFPA action progresses, associations merge

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
The AMP Financial Planners Association is anticipating a class action to be filed on behalf of its members later this month, as it gears up to merge with the Hillross Advisers Association. Speaking to Financial Standard, AMPFPA chief executive Neil ...

Compensation bill hits $750m

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
Six of Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC. The regulator said AMP, ANZ, CBA, Macquarie, NAB and ...

Challenger boutique winds up

KANIKA SOOD  |  TUESDAY, 11 FEB 2020
... up about $1.9 billion in net flows during the half. It reported $45.5 million in net income for the six months ending December (1H20), slightly lower than 1H19's $46.3 million. Of this $45.5 million, performance fees accounted for $3.5 million. Fidante ...