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

Search Results

Showing 1881 - 1890 of 22782 results for "Funds"

Powerhouse Ventures to acquire Aliwa

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
Powerhouse Ventures (PVL) is set to take over Aliwa Funds Management in a bid to expand into micro-cap investing. The ASX-listed firm entered a binding agreement with Aliwa for a consideration of $500,000 made upfront in an all-scrip deal at $0.04 per ...

GAM Investments loses local lead

ELIZABETH FRY  |  FRIDAY, 20 SEP 2024
... agreement, GAM will be the exclusive global distributor of Galena's commodity investment strategies. Additionally, the two funds will work together to develop and launch new and innovative commodity-focused investment products covering the challenges ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... his gambling activities, which included significant losses at the Star Casino. The corporate regulator suspects that the funds used for gambling were sourced from investments made by investors in these businesses, raising concerns that these funds may ...

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... CMOs to the market. In one example, MIMBT executed 465 internal cross trades between a selling account and 11 retail mutual funds above independent current market prices. This resulted in the retail mutual funds absorbing losses that otherwise would ...

Federal Reserve kicks off easing cycle

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... points overnight, its first reduction in four years. The US central bank decided to lower the target range for the federal funds rate by half a percentage point to 4.75-5%, surprising many who believed it would opt for a cut of just 0.25%. "The committee ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... representations that discouraged, delayed, and or prevented more than 31,000 members when they sought to transfer their funds to another superannuation fund. There were several categories of alleged misrepresentation, including that members employed ...

Advisers reveal hurdles preventing SMA adoption

ELIZA BAVIN  |  THURSDAY, 19 SEP 2024
... advisers, so we work closely with them to address these concerns," Gallagher said. "Traditional research houses that rate funds haven't caught up yet as much as we would have liked them to, so it is important for advisers have robust due diligence procedures." ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... superannuation products which would allow individuals to exit unsuitable products and remove barriers to closing legacy funds. The purpose of the draft Treasury Laws Amendment (Self-managed superannuation funds-legacy retirement product conversions and ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... also detailed other changes it is making to support the transition to Payday Super. For instance, the deadline for super funds to allocate or return contributions will be reduced from 20 business days to three. And SuperStream data and payment standards ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... increasing 1.2% in FY24 and 4.35% across the past five years. Class said this is a result of the age group creating their funds at a young age and maintaining them into their retirement. Further, ATO data shows around 65% of all SMSFs have existed for ...