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Showing 2101 - 2110 of 3289 results for "Smith"

Perpetual profits boosted by cost savings initiative

MARK SMITH  |  THURSDAY, 29 AUG 2013
Perpetual has reported a huge profit jump as cost savings from its Transformation 2015 overhaul were realised. Statutory net profit after tax for the full year to 30 June stood at $61 million, up 128% on the previous year. Underlying net profit after ...

Wealthy parents fear kids can't handle family fortune

MARK SMITH  |  THURSDAY, 29 AUG 2013
Almost three-fifths of wealthy parents lack confidence in their children's ability to handle a large financial inheritance, according to a recent survey from Bank of America private wealth subsidiary U.S. Trust. The private bank asked 711 Americans ...

Coin acquisition drives Rubik profit

MARK SMITH  |  THURSDAY, 29 AUG 2013
Financial software provider Rubik attributed its return to profit in 2013 to its acquisition of financial planning software manufacturer Coin. Rubik reported a net profit after tax of $857,000 for the 12 months to 30 June, reversing a loss of $790,000 ...

Investors risk being left behind by renewable energy

MARK SMITH  |  THURSDAY, 29 AUG 2013
Investors globally are underestimating the risk of being left behind by climate change, renewable energy and other environmental trends, according to Nanuk Asset Management director Paul Chadwick. Nanuk manages a long/short thematic global equity fund ...

New $9 million super research facility opens

MARK SMITH  |  THURSDAY, 29 AUG 2013
A new $9 million research program between the Commonwealth Scientific Industrial Research Organisation (CSIRO) and four universities has been launched today. The CSIRO-Monash Superannuation Research Cluster has been funded jointly with $3 million coming ...

Super behemoths set to lock horns in Supreme Court

MARK SMITH  |  WEDNESDAY, 28 AUG 2013
Two behemoths of the superannuation industry, AustralianSuper and the Future Fund, will meet in the Victorian Supreme Court in mid-October to dispute the circumstances around the sale of a 29.7% stake in Perth airport. AustralianSuper, which manages ...

QE tapering fears spark $1 billion flight from bonds

MARK SMITH  |  WEDNESDAY, 28 AUG 2013
Outflows of around $1 billion from Australian bond funds are being viewed by many as a signal the 32-year bull market in the asset class is over, but some funds have bucked the trend. According to data provided by Morningstar, Australian internationally ...

Blue Sky grows revenue 48%

MARK SMITH  |  WEDNESDAY, 28 AUG 2013
Blue Sky Alternative Investments has reported a 48% increase in operating revenue and an after-tax net profit of $3.59 million for the full year to 30 June. Operating revenue for Australia's only listed alternatives-focused fund manager grew from $8.9million ...

NAB continues wealth division reshuffle

LAURA MILLAN  |  WEDNESDAY, 28 AUG 2013
... key roles and has appointed a new general manager of Advice Partnerships. Former Godfrey Pembroke general manager Peter Smith will take over the role of manager of Advice Partnerships at NAB Wealth. The bank's financial planning division has seen a large ...

Future Fund accused of withholding docs in airport spat

MARK SMITH  |  TUESDAY, 27 AUG 2013
AustralianSuper has upped the ante in its dispute over the Future Fund's purchase of a stake in Perth airport, accusing the $80 billion sovereign wealth fund of withholding crucial documents. AustralianSuper said it had requested documentation from ...