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Showing 1971 - 1980 of 21890 results for "Fund."

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... without their knowledge or consent. He advised his clients their money was in the Australian Diversified Sector Investment Fund (ADSIF), investing in cash, property equities, aquaculture, and agriculture - when, in fact, the only investment was an abalone ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
BUSSQ will challenge what it calls "unnecessary and potentially impractical" licence conditions imposed by APRA, which were sparked by allegations of serious misconduct within the CFMEU and concerns about its potential impact on the super fund. The ...

Former Brisbane adviser found guilty of fraud again

MATTHEW WAI  |  MONDAY, 26 AUG 2024
... clients, ASIC said. Throughout the period, Jayaweera induced investors to invest in the Australian Diversified Sector Income Fund (ADSIF), an unregistered managed investment scheme. Many of the investors contributed to ADSIF through their self-managed ...

360 Capital returns to profit in FY24

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... Capital operates two ASX-listed REITs, 360 Capital REIT (TOT) and Mortgage REIT (ASX:TCF), and the unlisted Private Credit Fund (PCF). At the end of FY24, the firm had $55.4 million in co-investments comprising TOT ($50.3m), TCF ($4.4m), and PCF ($0.7m). ...

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... management industry. For SSGA, the deal means making its ETFs available on Raiz's platform. SSGA's SPDR S&P/ASX 200 Fund (STW) is currently the largest single fund holding by Raiz customers. SPDR MSCI Australia Select High Dividend Yield Fund  ...

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
Commonwealth Superannuation Corporation (CSC) has gone live with its retirement income strategy, unveiling a suite of retirement resources. The super fund said it's among the first to go beyond merely publishing information about what a strategy might ...

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
The acquisition of Australian Executor Trustees (AET) has bolstered the revenue and client book of Equity Trustees (EQT) in the last financial year. EQT's revenue increased 23.1% to $174 million in the 12 months to June, benefiting from the integration ...

ART names member service leads

ELIZABETH FRY  |  FRIDAY, 23 AUG 2024
The country's second largest super fund has created two new roles - an interim chief service delivery officer and a head of member operations. The changes follow the recent announcement of an organisational shakeup and an overhaul of the executive ...

AOF sells another asset, flags delisting

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
Australian Unity Office Fund (AOF) continues to empty its portfolio, offloading another asset as the REIT faces an uncertain future. AOF is set to offload 64 Northbourne Avenue, Canberra for $21.2 million to an unnamed buyer, 10% cheaper than its June ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
Liberal senator Andrew Bragg has introduced a bill to stop the Housing Australia Future Fund (HAFF) from investing in housing projects financed by Cbus. The bill would amend the Housing Australia Future Fund Act 2023 to include an additional limitation ...