Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 151 - 160 of 1859 results for %22MAX%22

Future Fund subsidiaries set to receive tax exemption

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
The government is proceeding with a legislative amendment to exempt Australian subsidiaries of the Future Fund board from corporate income tax. Currently, the Future Fund board is exempt from income taxes, but this exemption doesn't extend to its ...

Market manipulator sentenced

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
Benjamin Cooper has been sentenced for conspiring to manipulate the share price of Quantum Resources, now known as Nova Minerals Limited. Cooper was sentenced to 15 months imprisonment, to be released immediately after paying $6000 and undertaking a ...

More alpha gains through ops

ELIZABETH FRY  |  TUESDAY, 13 DEC 2022
Growth in fund complexity and managing assets in-house has triggered intensive efforts by pension funds to beef up their operational and support functions. JANA principal consultant and head of operational consulting, Jo Leaper, says there is a growing ...

Australian Unity sells Macquarie Park asset for $68.8m

CHLOE WALKER  |  TUESDAY, 13 DEC 2022
The Australian Unity Investment Office Fund (AOF) has offloaded a Northern Sydney office and warehouse complex at a 10% premium to book value. The sale of 2 Eden Drive in Macquarie follows the $73 million sale of a 30 Pirie Street property Adelaide ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
Superannuation trustees have a lot of work to do when it comes to complaints handling, ASIC says. A new report from the regulator has found some superannuation trustees have sub-standard arrangements for managing complaints. The finding is based on ...

MaxCap boosts capital raising team

JAMIE WILLIAMSON  |  WEDNESDAY, 7 DEC 2022
MaxCap has bolstered its capital raising capabilities, adding three to its team. The real estate investment manager said the new hires underscore the significant growth opportunities in the market for the group. Ben Woolley has joined the team as associate ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
ASIC has commenced the first ever court case in relation to alleged breaches of design and distribution obligations (DDO). The case concerns two credit cards issued by American Express (Amex) that were co-branded with retailer David Jones (the credit ...

Warakirri drops $62.5m on vineyards

CHLOE WALKER  |  MONDAY, 5 DEC 2022
Under a new partnership with Australian Vintage Limited (AVG), the agriculture investment manager and operator has purchased two large scale vineyard investments for the Warakirri Farmland Fund. The two vineyards, 'Coldridge' in South Australia and ...

MaxCap sells logistics site to Brookfield

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
MaxCap Group has offloaded more than 12 hectares in Sydney's inner west to Brookfield. The Villawood site was the fifth asset acquired by the MaxCap Industrial Opportunity Fund (MIOF), which purchased it in May 2021. It has since received planning permit ...

Marketing oversight must improve: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
ASIC named and shamed more responsible entities in need of improving their oversight of investment managers' marketing practices, raising concerns over five funds totalling about $705 million in assets. Ongoing ASIC surveillance identified concerns ...