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Showing 161 - 170 of 561 results for "Year End"

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) ...

AIA Australia appoints behavioural economics lead

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
The life insurer has appointed a head of behavioural economics and design, hiring from Swiss Re. Alison Mclean moved into the role on July 1 and is a part of the AIA Australia strategy team, which reports to AIA Australia's chief strategy officer ...

Spaceship Super gets boost from Voyager

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund. Spaceship, which started out as a superannuation fund in 2017, added a managed funds ...

Macquarie tops mandate league tables

KANIKA SOOD  |  FRIDAY, 10 JUL 2020
Local institutional investors handed out $43.5 billion of funds management mandates in the year to March end and Macquarie had the most wins, latest league tables from Rainmaker show. Superannuation funds, investment managers (via sub-advisory relationships) ...

Capital raising relief measures extended

ALLY SELBY  |  FRIDAY, 10 JUL 2020
The ASX has announced it will extend its temporary capital raising measures until November 30, as a second wave of COVID-19 infections batters Victoria. The measures were originally due to expire on July 31 and granted a temporary class waiver to lift ...