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Showing 151 - 160 of 555 results for "Year End"

IOOF posts profit, restructures business

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... subsidiaries during FY20. The sale of its stake in Australian Ethical, totaling 14.2 million shares, added $74.2 million post year end. Its platform business saw $1.3 billion in net inflows for the period and its advice business saw $730 million in inflows. ...

QIC portfolio manager moves to Funds SA

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
The $34 billion public investment manager has hired a new portfolio manager for debt and liquid alternatives from QIC. Petar Bogdanovic spent 15 years at QIC, working in a variety of roles across fixed interest portfolio management, interest rate strategy ...

Equipsuper changes insurance premiums

KANIKA SOOD  |  WEDNESDAY, 26 AUG 2020
Equipsuper will increase the fund's total premium collections by 2%, as it changes rates for members after a review. The rejig will see premiums rise for some members and fall for others, alongside changes to their cover. For members whose premiums ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
Contributions to superannuation in the June quarter were mildly greater than the amount removed due to the government's early release scheme, according to the latest figures published by APRA. Contributions in the June 2020 quarter were $33.6 billion ...

VGI Partners profits tumble

KANIKA SOOD  |  TUESDAY, 25 AUG 2020
The Sydney boutique posted a 59% drop in its profits in the six months to June 30 compared to the previous corresponding period. VGI Partners this morning reported statutory net profit after tax of $3.6 million for the six months ending June 30, compared ...

Spaceship raises $10m in capital raise

KANIKA SOOD  |  THURSDAY, 20 AUG 2020
Superannuation and investing startup Spaceship has raised $10 million from existing investors including from Atlassian billionaire Mike Cannon-Brookes' family office. The raise was offered to existing shareholders, as foreshadowed by Financial Standard ...

K2 Asset Management reports loss

KANIKA SOOD  |  FRIDAY, 14 AUG 2020
... to -12.7% for the K2 Australian Absolute Return Fund. The firm has $106.5 million in total funds under management at year end, across the five funds and private mandates of $13.1 million. "Growing funds under management (FUM) and returning the business ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
... levels during market downturns and is unlikely to have sufficient retained profits to declare a final dividend for the year end June 30. "Furthermore, the impact of COVID-19 on financial markets has highlighted the limitations of an investment strategy ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
The Commonwealth Bank of Australia has announced an extra $300 million has been added to its remediation bill in relation to ongoing service fee and customer remediation costs. CBA said it is constantly addressing the full range of remediation issues ...

Chief economist update: Gold 2000

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2020
... 2013 -- when gold was fetching around US$1600 an ounce, not a few expected the shiny metal to rally to around US$2000 by year end - US$3000 if they got lucky. But they're little leaguers compared with those predicting gold US$5000 (BofA Merrill Lynch) ...