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Showing 171 - 180 of 387 results for "Elevate"

Advice chief leaves industry fund giant

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
The financial advice chief of a major industry superannuation fund has departed, as the fund's leadership shuffles. UniSuper chief of financial advice John (Jack) McCartney left the $86 billion industry fund late last month, after more than six ...

Property giant kicks off capital raise

ALLY SELBY  |  MONDAY, 27 APR 2020
A $38.9 billion ASX-listed real estate portfolio manager is set to bolster its balance sheet with a multi-million dollar institutional placement, as it moves to better withstand the impacts of the COVID-19 pandemic. In addition to the $275 million institutional ...

Market pain to continue: State Street

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
With volatility still high, economic activity uncertain and investor sentiment low, a collapse in earnings could trigger another fall in risk assets. According to State Street Global Advisors senior investment strategist Raf Choudhury, this uncertainty ...

Regal Atlantic fund down 58.6%

KANIKA SOOD  |  MONDAY, 20 APR 2020
Regal Funds Management's Atlantic Absolute Return Fund, which has a stellar long-term track record, fell 58.6% in March as COVID-19 affected markets. The fund has posted 23.1% in net annualised returns since its inception about 16 years ago. But ...

AMP Capital wholesale property fund rejigs withdrawals

KANIKA SOOD  |  TUESDAY, 14 APR 2020
AMP Capital's wholesale Australian property fund is moving asset valuations from quarterly to monthly, has fixed the distribution payouts for this year and is altering withdrawals during the COVID-19 pandemic. The fund, which currently allows monthly ...

Australia's AAA rating at risk

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
S&P Global Ratings revised Australia's AAA credit rating outlook to negative in the wake of the economic impacts of COVID-19. The AAA credit ratings for NSW and Victoria were also revised to "negative" by S&P. The outlook revision does not guarantee ...

ClearView promotes resilience

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
ClearView has moved to allay concerns over its future amid the COVID-19 pandemic, informing the market that its regulatory capital position "appears resilient" to a range of stress testing scenarios. ClearView is prepared to make a range of responses ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
Wall Street's rally seems to have run out of steam, with the major indexes ending the day of trade in a sea of red. Early in trade the Dow Jones surged 900-points before closing down 0.12%. Similarly, the S&P 500 lost 0.16% and the Nasdaq Composite ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
Latest Rice Warner analysis shows the COVID-19 crisis is hitting an already suffering life insurance industry, hard. To survive, the industry will need to change. New analysis from research house Rice Warner reveals the life insurance sector will be ...

Big banks cop a beating

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
The big four banks have all suffered a rating downgrade due to the COVID-19 fallout, while APRA warns they should cut dividends and bonuses. Fitch Ratings downgraded all four of the major banks, and their New Zealand subsidiaries, due to its expectation ...