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Showing 1 - 10 of 100+ results for "March"

Abrdn launches new strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 OCT 2021
... strategy that targets a strong negative correlation to equities and a beta to the MSCI World Index of -0.6 or lower. In March 2020 when the MSCI World Index fell 13.23%, during volatility sparked by the pandemic, the GRM Strategy returned +34.62%. "Returns ...

Montgomery adds to global strategy

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... Global Small and Mid Cap Fund will be available to investors on October 21 following the partnership between both firms in March. The new fund is an open-ended trust with a minimum initial investment of $25,000 and provides investors access to 25 to ...

ASIC commences proceedings against Diversa

ELIZABETH MCARTHUR  |  MONDAY, 11 OCT 2021
... later known as OneSuper - among other funds. ASIC has commenced civil proceedings against Diversa, alleging that between March 2019 and December 2020 it was aware that ASIC was investigating a business run by financial adviser Nizi Bhandari for contraventions ...

Advice group appoints chief executive

JAMIE WILLIAMSON  |  TUESDAY, 28 SEP 2021
... replacing interim chief executive Peter Coleman. Ridley is currently the group's general manager and has been with Profile since March 2018. She has over 22 years' experience in wealth management. Profile managing director Phillip Win said he and the ...

Westpac New Zealand names chief executive

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
... management expertise." The appointment comes after Westpac backed out of its demerger plans for the New Zealand division. In March, the bank flagged that it was in early stages of reviewing Westpac New Zealand (WNZL) as regulatory requirements in New ...

Former Regal FM portfolio manager banned

JAMIE WILLIAMSON  |  WEDNESDAY, 22 SEP 2021
... He also created a false or misleading appearance of active trading in the stock, ASIC said. The conduct occurred between March 2018 and June 2019. Regal Funds Management notified shareholders in November 2019 that an ASIC investigation into the trading ...

Mason Stevens grows distribution team

KARREN VERGARA  |  WEDNESDAY, 15 SEP 2021
... manager, and senior relationship manager. He spent the last three years at Macquarie as business development manager. In March, Mason Stevens hired David Johnson as a sales director based in Melbourne. Johnson spent over four years at Challenger as state ...

Pallas Capital raises $194m

KANIKA SOOD  |  THURSDAY, 9 SEP 2021
... alone brought $85 million in investor funds. For the three months to August, capital commitments were 56% higher than the March to May period. "Continued lockdowns and instability in the market has created an environment where it is increasingly difficult ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... to stay in FirstChoice instead of switching to the default MySuper product. The incidents relate to the period between 18 March 2014 and 21 July 2016. The Royal Commission referred the conduct to ASIC in February 2019 and ASIC filed the case a year later ...

How YFYS test will change currency investments

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... hedged and unhedged global equities during the GFC and a 15% difference during the COVID-19 induced market volatility in March 2020. This is relevant to how funds respond to the YFYS reforms, he said. "In an era of YFYS performance tests, a fund's survival ...
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