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Showing 2161 - 2170 of 7108 results for "December"

J.P. Morgan loses custody contract

KANIKA SOOD  |  FRIDAY, 12 JUL 2019
... insurers and endowment funds. Total assets under custody stand at $3.58 trillion, after falling 1.2% in the half year to December following lackluster markets, according to the Australian Custodial Services Association (ACSA). J.P. Morgan had a 22% slice ...

APRA sticks to rigid member outcomes deadline

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... members and identify opportunities for areas of improvement that's supported by strategic and business planning. By December 2019 end, APRA expects all trustees to update or be in the process of updating their strategic objectives, business plans ...

Remembering Ron Grima

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2019
... friend I could always call on, who would both listen with empathy and offer encouraging support." Penning an article in December 2018, Grima criticised the Royal Commission for placing too much focus on misconduct in the industry and failing to recognise ...

Aussie HNWIs slip down global rankings

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... followed by Japan (3.2m), Germany (1.4m) and China (1.3m). One of the key drivers of the decline was the flight to cash last December, the report said, following the global share market turbulence. Cash comprised 28% of HNWI portfolios, replacing equities ...

Sovereign investors go back to fixed income

KANIKA SOOD  |  TUESDAY, 9 JUL 2019
... 2018, down from 9% the year before as the equity markets fell. Australia's Future Fund delivered 5.8% in the year ending December 31 and trimmed slightly its listed equities holdings. "Eighty nine percent of sovereigns anticipate the end of the economic ...

Sydney advice firm loses AFSL

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
... said. AWSM is required to maintain their professional indemnity insurance and their dispute resolution system until 31 December 2019 despite the cancellation. It may apply to the Administrative Appeals Tribunal for a review of ASIC's decision, subject ...

Class expands executive line-up

HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
... leadership team, enabling the firm to formulate "a vision and strategy". Dan Coutts, Class head of development since December 2018, has been appointed chief technology officer, after acting in the role throughout the year. Meanwhile, Commonwealth Bank ...

Bonds raise alarm at fund manager

KANIKA SOOD  |  WEDNESDAY, 3 JUL 2019
... with fully-transparent updates as to our funds' holdings." The firm had USD $32.5 billion under management as of December 2018. Following the illiquidity concerns, investors pulled out billions from H20 funds and assets under management were down ...

BlackRock cuts fees on Aussie shares ETF

KANIKA SOOD  |  WEDNESDAY, 3 JUL 2019
... effective May 24. Fees trend down, competition heats up Fees for market-cap index ETFs have fallen 20% over the six years to December 2018. "My view is that [BlackRock's fee cut for IOZ] happened because of the low cost threat from the BetaShares ...

Chief economist update: BOJ Tankan tanking?

BENJAMIN ONG  |  TUESDAY, 2 JUL 2019
... doesn't detract from the fact the headline index has sequentially dropped from a 15-year high reading of +26 in the December 2017. But before you twist and shout and ask for more - that is, more policy easing measures from the BOJ - note that sentiment ...