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Showing 1751 - 1760 of 28255 results for "NOT"

Super fund looks to AI

ELIZABETH FRY  |  THURSDAY, 27 FEB 2025
Aware Super has hired a data and artificial intelligence executive to speed up the adoption of the fast-developing technology. Mythili Baker has been appointed to the newly created role of head of data and AI at the $185 billion super fund. Aware Super ...

Perpetual profits dented after KKR deal goes up in smoke

ANDREW MCKEAN  |  THURSDAY, 27 FEB 2025
Perpetual's net profit after tax (NPAT) crumbled because of its simplification program, strategic review, and the fallout from its dead KKR deal. Notably, Perpetual's board scrapped the KKR deal earlier this week. However, KKR insists that a ...

The productivity problem: Good ideas never put to use

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... and Vincent Wong found that since the mid-2000s Australia has found fewer new and better ways of using inputs and has also not made the best use of new ideas. "The research shows that creeping inefficiency over the past two decades or so has sapped our ...

Global active equity managers suffer their worst year in decades

ANDREW MCKEAN  |  THURSDAY, 27 FEB 2025
Global active equity managers faced their toughest year in over two decades in 2024, according to Frontier Advisors. Frontier Advisors said heightened market concentration and US equity dominance created formidable headwinds, with most managers struggling ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... could have sought a significantly higher penalty of $140 million against the fund. Bragg questioned ASIC as to why it did not seek the maximum penalty, despite the very large number of member accounts that were impacted. However, Court explained that ...

Australian Ethical delivers strong half-year results

MATTHEW WAI  |  THURSDAY, 27 FEB 2025
For the half-year ending 31 December 2024, Australian Ethical reported its net profit after tax (NPAT) increased by 50% to $9.3 million. The underlying profit after tax (UPAT) was up 35% to $11.5 million, and as previously mentioned, the ethical manager ...

Chalmers looks to trade super pool for minerals with US

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... Florida or California". Bessent added that unlike large sovereign wealth funds, Australia's retirement savings growth was not dependent on particular commodity prices. "That's what I was struck by, the confidence you have in the growth it's not what ...

Advisers grapple with AI, require support: Survey

KARREN VERGARA  |  THURSDAY, 27 FEB 2025
Nearly one third of financial advisers are currently using artificial intelligence (AI) in their practice at a basic level, but many more say they need education and guidance, a new Investment Trends study finds. Some 27% of advisers that are embracing ...

NGS Super shutters direct investment option

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
... is working with OneVue on the timetable to ensure members have sufficient time to manage their investments. If members do not sell their holdings themselves, all assets in the DIO will be sold by the fund. As for term deposits, NGS said they will be ...

Property developer, investment firm goes 'all in' on Australia

ANDREW MCKEAN  |  WEDNESDAY, 26 FEB 2025
... available to Australian, Asian, and global investors. "We have an 'all in' mindset from the outset of any venture and are not simply passive investors. It's why we have progressively built our in-house capability to drive performance in all ...