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Showing 2391 - 2400 of 7104 results for "June 2023"

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... cash holdings over five months and by the end of May, the LIC had 38.5% in cash. Allocations have been up and down since June (29%), July (38.4%) and August (35.6%). WAM Capital lead co-portfolio manager Martin Hickson said the WAM Capital fund can liquidate ...

Glut of underperformance in managed funds: Research

KANIKA SOOD  |  TUESDAY, 25 SEP 2018
Nearly eight-in-ten managed funds in Australia failed to hit benchmark returns over a 10-year horizon, according to new analysis by InvestSMART. The researchers modelled Morningstar data for 5297 manager funds that have a track record of 10 years. They ...

DomaCom concludes Federal Court action

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
Federal Court proceedings supported by DomaCom have concluded, allowing an SMSF to invest in DomaCom's fund even if a related party is a tenant in the underlying property. Last month, the Federal Court found that the sole purpose test was not breached ...

JCP appoints executive chair

KANIKA SOOD  |  MONDAY, 24 SEP 2018
JCP Investment Partners has appointed a former TCorp general manager of investments to chair its board as a part of its management transition. Mark O'Brien replaces the incumbent (interim) chair Richard Balderstone, starting October 1. O'Brien will ...

Industry body names first chief executive

JAMIE WILLIAMSON  |  MONDAY, 24 SEP 2018
The RegTech Association has appointed its first chief executive and added two new directors to its board. The RegTech Association has promoted general manager Deborah Young to the newly created role of chief executive. Young has served as general manager ...

ASIC extends relief to foreign financial services firms

KARREN VERGARA  |  MONDAY, 24 SEP 2018
ASIC will allow foreign companies that provide financial services to Australian wholesale clients to continue without the need of an AFSL until 30 September 2019. The corporate regulator announced in June it was proposing a modified licensing regime ...

AFCA membership deadline arrives

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
Financial services firms have until close of business today to register for membership of the Australian Financial Complaints Authority. ASIC has issued a warning to all Australian financial services licensees, superannuation trustees and authorised ...

Arnhem portfolio manager departs

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
As the winding down of Arnhem Investment Management rolls on, the portfolio manager of its Global Growth SMA is bowing out. Arnhem partner and portfolio manager Theo Maas has confirmed he is leaving the embattled fund manager, effective today. In a ...

AAT overrides adviser ban

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
The Administrative Appeals Tribunal decided a former OnePath financial adviser who was permanently banned by ASIC did not engage in misleading or dishonest conduct. ASIC announced it permanently banned Robert Hutchison on 11 June 2017 for double charging ...

Former Macquarie advisers banned

JAMIE WILLIAMSON  |  WEDNESDAY, 19 SEP 2018
Two former Macquarie financial advisers received ASIC bans for dishonest conduct, including deliberate attempts to mislead the institution's compliance team. Mark Alexander Landau and Marcus Roderick Campbell have both been banned from providing financial ...