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Showing 1831 - 1840 of 5520 results for "Class"

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ...

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... and expand the heatmap's coverage." In 2021, she flagged that several enhancements will include a wider range of asset class indices in benchmark portfolios, and that investment performance will be "stitched" to help track long-term performance. ...

Vanguard fund hits US$1trn

KANIKA SOOD  |  THURSDAY, 17 DEC 2020
A Vanguard equities fund ended November with $1.3 trillion in total assets, in an unprecedented feat in funds management. The Vanguard Total Stock Market Index Fund has been around since 1992 and follows a passive style of investing, with turnover rate ...

RARE Infrastructure rebrands

KARREN VERGARA  |  THURSDAY, 17 DEC 2020
RARE Infrastructure will rebrand to ClearBridge Investments in the first quarter of 2021. RARE managing director Nick Langley said while the name is changing, the manager's approach to infrastructure investing remains unchanged. "Asset management ...

Super leaves gig economy behind

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
Less than 1.5% of gig economy workers are contributing to a superannuation account, a new report from the Actuaries Institute reveals. That's a key finding from the Actuaries Institute report, which also found that even when they do make contributions ...

LICs show sign of struggle

ANNABELLE DICKSON  |  WEDNESDAY, 16 DEC 2020
... from term deposits and seek investments that generate income," he said. "LIC managers tend to specialise in a single asset class, with only three of the 20 largest LIC managers operating across multiple asset classes. Although, smaller and medium scale ...

Departure at Perpetual small caps team

KANIKA SOOD  |  TUESDAY, 15 DEC 2020
... lead global equities portfolio manager Garry Laurence as Perpetual handed over the management of strategies in the asset class to Barrow Hanley, and analyst Nick Vidale. In October, Perpetual Private lost its head of multi-manager Theo Sofios also left. ...

IPO Wealth trustee hit with class action

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
Slater and Gordon issued the embattled IPO Wealth Fund with a class action late last week. The firm will represent unitholders in the IPO Wealth Fund, which is currently being wound up by trustee Vasco Trustees after the Victorian Supreme Court ordered ...

Firetrail dips toes in global equities

KANIKA SOOD  |  THURSDAY, 10 DEC 2020
Firetrail Investments wants to build a global equities team, after gathering over $5 billion in its Aussie equities strategies in under three years, Financial Standard understands. The boutique was launched by Macquarie Investment Management's long/short ...

ASIC defers portfolio holdings disclosure deadline

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... deferral will allow additional time for the government to make the regulations, ASIC explained, adding that an amendment to Class Order 14/443 reflects the deferral. "Depending on when regulations are made, ASIC may shorten the period of the relief by ...