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Showing 1981 - 1990 of 28255 results for "NOT"

Perpetual takeover 'not in the best interests of shareholders'

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... acquisition of Perpetual's wealth management and corporate trustees' businesses by Kohlberg Kravis Roberts (KKR) has been deemed not in the best interests of shareholders. An independent expert informed the wealth manager that the risk and magnitude ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... while others simply had the investment or audit committees oversee valuations. APRA said it is concerned that valuations my not be within the capability or capacity of those boards. "Overall, APRA observed the need for greater inclusion of independent ...

Cost-of-living worries drain retirement confidence: MFS

KARREN VERGARA  |  TUESDAY, 17 DEC 2024
Most Australians will not be able to retire at the age they want as managing finances amid the cost-of-living crisis dampens their confidence, a survey from MFS Investment Management found. Only 23% of more than 1000 participants canvassed are confident ...

JBWere partners to launch fixed income funds

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
... consideration, with the firm looking for proven expertise in managing active fixed income strategies. "Our clients will benefit not only from UBS AM's renowned investment expertise and oversight in this space but also from the competitive investment ...

Oaktree completes $240m AZ NGA deal

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
Following its announcement earlier in September, the transaction has been finalised, with Oaktree Capital Management becoming AZ Next Generation Advisory's (AZ NGA) largest shareholder with a $240 million investment. As part of the deal, Azimut retains ...

CapitaLand buys Wingate, expands local presence

MATTHEW WAI  |  MONDAY, 16 DEC 2024
After weeks of speculation, CapitaLand Investment (CLI) confirmed it is acquiring Wingate Group for $200 million. Adding Wingate will increase CLI's private credit business and portfolio in Australia, enhancing its access to more institutional and private ...

Betashares terminates nine funds

ANDREW MCKEAN  |  MONDAY, 16 DEC 2024
Betashares has pulled the plug on a range of funds because of low investor uptake. The ETF provider announced last week that it will be axing its Online Retail and E-Commerce ETF (IBUY), Digital Health and Telemedicine ETF (EDOC), Future of Payments ...

Australia home to 43 billionaires: UBS

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... purpose and investing to make an impact," he said. "Recently, that's materialised through a strategic hire to head up our not-for-profit coverage - another sector of rapid growth locally where the size of mandate opportunities have grown from $10m ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... to promptly restore customers' full access to their bank accounts, on average taking 95 days to do so. One customer did not have full access restored for 542 days." The ePayments Code regulates the electronic payment facilities in Australia and ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... best interests of the client, given the client's relevant circumstances. Finally, under section 921E(3), the adviser did not demonstrate the value of diligence under the Code of Ethics. In another case, "Mr. W" two years ago recommended a client ...