Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 211 - 220 of 3547 results for "October 17"

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
The Federal Court today slapped AustralianSuper with a $27 million fine for dragging its feet on a multiple account bungle that lasted more than four years. Judge Hespe found that AustralianSuper failed to promptly identify and merge members' multiple ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
Former Melbourne financial adviser Bradley Grimm will continue to serve his sentence after failing to have his dishonesty conviction and prison term overturned. Grimm pleaded guilty to three counts of engaging in dishonest conduct whilst running a financial ...

Australian Wealth Advisors Group invests big in Sequoia

KARREN VERGARA  |  TUESDAY, 4 FEB 2025
The Australian Wealth Advisors Group (AWAG) has become a major shareholder in Sequoia Financial Group. AWAG, which is also ASX-listed, has an 18.02% stake in Sequoia across more than 22.37 million securities. According to the 2024 annual report, Unrandom ...

TenCap hedge fund eyes $3bn AUM

KARREN VERGARA  |  MONDAY, 3 FEB 2025
Jun Bei Liu is ambitiously setting her sights on doubling the size of her hedge fund to $3 billion as it launches under a new outfit, TenCap. On February 1, the Tribeca Alpha Plus Fund became the TenCap Alpha Plus Fund following Liu's separation ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
As new estimates show that financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial ...

Quant fund taps new chief executive

ANDREW MCKEAN  |  WEDNESDAY, 29 JAN 2025
The former co-head of equity capital markets at J.P. Morgan has been appointed chief executive of boutique quantitative fund manager East Coast Capital Management (ECCM). Simone Haslinger, the new chief executive, left J.P. Morgan last October after ...

Chalmers' claims on super tax are 'misleading': SMSFA

MATTHEW WAI  |  FRIDAY, 24 JAN 2025
The SMSF Association (SMSFA) says Treasurer Jim Chalmers' claims that the $3 million superannuation tax followed extensive consultation are misleading, accusing the Treasurer of making several ambiguous statements in defence of the tax. SMSFA chief ...

Australian Ethical 'cautious' on valuations

ELIZA BAVIN  |  THURSDAY, 23 JAN 2025
Australian Ethical is betting on the tech sector - and primarily artificial intelligence (AI) - being major themes for investors in 2025. Australian Ethical said while technology and AI drove market performance to new highs in 2024, it is looking for ...

Australian Ethical grows FUM to $13.26bn

ROSE MARY PETRASS  |  MONDAY, 20 JAN 2025
Australian Ethical saw another quarter of positive net flows and investment performance, surpassing $13 billion during the quarter. Retail and wholesale net flows hit $173 million, while superannuation flows of $101 million were below recent quarters ...

SG Hiscock appoints head of research

ELIZA BAVIN  |  TUESDAY, 14 JAN 2025
SG Hiscock appointed Alastair McKibbin as head of research and consultants, having started in the role on 13 January 2025. He will be based in Sydney and will report to head of distribution Anthony Cochran. McKibbin will be responsible for further developing ...