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Showing 171 - 180 of 816 results for "Settlement"

ASX consultation: Time to say goodbye to mFund?

ANDREW MCKEAN  |  FRIDAY, 7 JUL 2023
... their preferences for transacting in managed funds via the ASX, and the proposed process for phasing out the mFund settlement service. Launched in 2014, mFund was conceived to simplify the way investors accessed unlisted managed funds, while simultaneously ...

Cromwell, Value Partners group join forces

CHLOE WALKER  |  MONDAY, 3 JUL 2023
... based on a portfolio asset value of $91.4 million, which is about a 9.4% increase on Cromwell's initial purchase price. Settlement is expected later in the month, with Cromwell's European operations team set to continue to manage the portfolio. Cromwell ...

Macquarie terminates alternatives fund

CASSANDRA BALDINI  |  WEDNESDAY, 24 MAY 2023
... Alternatives Fund will have a few options going forward. It explained that for investments other than through the mFund Settlement Service (mFund) operated by the ASX, investors may fully redeem their investment at any time before 1pm Sydney time on ...

ASIC bans former Gleneagle fund manager

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... selling as an "essential policy" for the maintenance of financial market integrity. "It [prohibition] reduces the risk of settlement failure, distortions to the operation of financial markets and abuse short selling that can artificially depress prices. ...

ASX expands partnership program criteria

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
... Participant Rebate Pool of $15 million involves direct customers and provides rebates to participants for their clearing and settlement fees for the period 1 January to 30 June 2023. The second component, the Development Incentive Pool worth $55 million ...

Reserve Bank raises cash rate to 3.85%

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
... Meeting today, the RBA board chose to go with a 25 basis point increase, and also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75%. While the recent decline in inflation is welcome, it is still too high and it will ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
Link Group has sold the troubled Fund Solutions business and reached a settlement with the UK Financial Conduct Authority (FCA) over the Woodford fund issues. Fund Solutions has been sold to Waystone Group, for between $203 to $259 million (£110- £140) ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... suitability issues, fraudulent platforms and scams. Traditional risks in securities markets, including counterparty risk, settlement risk, liquidity risk, and fraud and loss of investor funds, extend to the emerging crypto-asset and DeFi markets. Additionally ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
... an investigation into the ASX's botched CHESS replacement program. The ASX, its subsidiaries ASX Clear and ASX Settlement, and responsible directors and officers are under scrutiny for their role in failing to replace the settlements system and the ...

The seven global megatrends to watch: CSIRO

CHLOE WALKER  |  MONDAY, 27 MAR 2023
... megatrend poses challenges when it comes to how we manage our critical infrastructure, how we might think about future settlement patterns, as well as how we think about our communities and their households," she said. "And now as part of this megatrend ...