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Showing 1911 - 1920 of 22782 results for "Funds"

Aussie super funds climb ranks, government funds slide

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
Seventeen of Australia's superannuation and pension funds now rank in the top 300 worldwide by assets, including one new entrant. However, it's not all good news for the government funds that made the cut. That's according to the latest ...

ASIC issues warning over shoddy DDO practices

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... market..." the report reads. Citing better practices among issuers, ASIC said one managed investment scheme operator monitored funds under management and flow reporting to detect unusual activity and material deviations in actual performance against ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... Reiwa-Capital has been sentenced to home detention after he was found guilty of misappropriating $440,000 of investors' funds, including gambling some of it. Russell Sandiford was sentenced to two years and eight months imprisonment, to be served ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... appointed in KordaMentha. ASIC said the appointment of KordaMentha would cause unnecessary duplication of work, deplete the funds available to investors and creditors, and could result in "disagreements" between administrators. Justice Moshinsky said ...

Passive funds save $14.4bn in fees: Research

KARREN VERGARA  |  MONDAY, 9 SEP 2024
The passive funds sector has saved investors $14.4 billion in fees for more than 25 years, according to a Vanguard analysis. While costs overall have decreased since 1998, Vanguard found the difference in management fees between active and index funds ...

Financial Standard wins Impact Award

STAFF WRITER  |  FRIDAY, 6 SEP 2024
... Sonder Advisory Group was named Rising Star of the Year and The Hopkins Group took out Holistic Advice Firm of the Year. In funds management, BT's Brent McArdle was named BDM of the Year. Yarra Capital took out the award for Australian Equity Fund ...

Monochrome moves to list Ethereum ETF

ANDREW MCKEAN  |  FRIDAY, 6 SEP 2024
... introduced in October 2021. This was established to ensure that responsible entities holding substantial crypto assets in retail funds comply with specific investor protection rules. Prior to the launch of IBTC, Australian investors could only access ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... determined Grimm engaged in dishonest conduct on five occasions between 18 February 2015 and 12 March 2015, when he transferred funds between two of his clients' self-managed superannuation funds (SMSFs) to three separate companies of which he was the ...

abrdn closes hedge fund

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
... fund required a minimum investment amount of $50,000. MSC Trustees was the trustee of the fund, along with nine other abrdn funds.

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... Workers Superannuation Fund (PPWSF) merged to create First Super as it is today. First Super is home to some $4.8 billion in funds under management on behalf of about 81,000 members. Its other co-chair is Mike Radda.