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Showing 191 - 200 of 2160 results for "Extra"

Clime avoids board spill

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
Clime Investment Management has avoided a board spill that was brought about by its former chair and a substantial shareholder. Major shareholder Torres Industries, which is associated with former Clime chair Don McLay, attempted to oust directors John ...

US investor tips $200m into Wingate

CHLOE WALKER  |  FRIDAY, 2 FEB 2024
The Melbourne-based alternative investment manager has secured $200 million from an undisclosed US investor, bringing its total facilities and funds under management (FUM) to $7.5 billion. According to Wingate, the commitment also contributes to a total ...

Treasury promises flexibility to adviser qualifications

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2024
... completion of a specialised post-graduate diploma or master's degree in financial planning," he said. Evans added that extra studies and paying more for the adviser exam come at significant expense on top of what it costs firms to sponsor a Professional ...

Greg Combet to succeed Peter Costello as Future Fund chair

ANDREW MCKEAN  |  MONDAY, 29 JAN 2024
Net Zero Economy Agency chair Greg Combet is set to replace Peter Costello as chair of the Future Fund, commencing mid-year. At a press conference in Canberra, treasurer Jim Chalmers said the appointment of Combet, who only recently relinquished his ...

Aware Super appoints head of public market equities

ANDREW MCKEAN  |  THURSDAY, 25 JAN 2024
Aware Super has appointed former Vanguard and BlackRock portfolio manager Agnes Hong as its new head of public market equities. Hong, who is relocating from Philadelphia to Sydney, will oversee the development of Aware Super's $90 billion public ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
Mudasir Mohammed Naseeruddin has been sentenced to four years and four months in prison following his guilty plea to charges of dishonest conduct and failure to discharge duties in good faith. Naseeruddin goaded investors to rollover their superannuation ...

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
The SMSF Association has ripped apart the Association of Superannuation Funds of Australia's (ASFA) assertion, which is based on ATO sample data, that less than 1% of SMSFs with balances over $3 million have farm-related income. The government has ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... additional guardrails will be implemented to establish strong consumer protections for the new advisers. This includes imposing extra obligations on AFSLs and enacting legislated minimum competency standards for advisers. This will apply to superannuation ...

Private markets make concrete inroads with advisers

KARREN VERGARA  |  WEDNESDAY, 6 DEC 2023
... principal adviser Will Mackay said: "Private markets offer unique opportunities not easily accessible to others and bring an extra layer of diversification to our portfolios. In a diversified portfolio context, an allocation to private markets can enhance ...

Macro environment trumps inflation for asset owners: Research

KARREN VERGARA  |  FRIDAY, 1 DEC 2023
... caused by elevated inflation and increased interest rates has affected equity and bond markets on a global scale, putting extra pressure on asset owners to reassess and adjust their strategies," Gao said. "The shift from an era of low inflation and interest ...