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Showing 2501 - 2510 of 21895 results for "Fund."

DASS compensation drags AFCA, lead decision published

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... investments was excessive. Further the related entity investments recommended, such as the US Masters Residential Property Fund (URF), carried more risk than the complainant understood or needed. The fees were also excessive when compared to alternative ...

Head of property at Hostplus exits

ELIZABETH FRY  |  FRIDAY, 16 FEB 2024
Richmond Bridge has confirmed the appointment of Spiros Deftereos as chief investment officer. The long-standing Hostplus property executive has joined a firm that can boast former Future Fund property head Barry Brakey and former AMP Capital head of ...

Aware Super builds out BTR portfolio

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
The super fund's real estate business will build 135 apartments in Sydney's inner south, its latest build-to-rent (BTR) venture. The new development, in Sydney's Zetland, is the 11 th site Aware Real Estate has committed to, with a further five sites ...

MA Financial splurges on 13th marina

CHLOE WALKER  |  THURSDAY, 15 FEB 2024
MA Financial has purchased Queensland's East Coast Marina for $33 million, expanding its Marina Fund. The East Coast Marina, located in Brisbane's Manly harbour, consists of 330 berths, dry storage for 240 vessels, 595 square metres of commercial buildings ...

Bell Asset Management looks to exit RE services

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
Bell Asset Management is calling for a shareholder vote to replace itself as responsible entity (RE) of three of its funds, saying it just wants to focus on managing investments. Bell Asset Management has asked investors in its Bell Global Equities ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... investors with optionality depending on their individual objectives. It is also still working on converting the Magellan Global Fund (Closed Class) into the Magellan Global Fund (Open Class), it added. An interim dividend of 29.4 cents per share will ...

Superannuation fund returns underperformed SMSFs: Research

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ...

Former director pleads guilty to hedge fund con

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
The former director of Reiwa-Capital is facing possible jail time and a hefty fine after he convinced people to hand over more than $400,000 for the purpose of investing before spending it all elsewhere and paying back just 1% of the total to investors. ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
Next week, self-managed super fund professionals can leverage what APRA-regulated funds are excelling in as well as learn about critical issues affecting the sector from a suite of experts, according to the SMSF Association (SMSFA). Heffron SMSF Solutions ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
Macquarie Group has reported a "substantially lower" net profit after tax in FY24 and announced the departure of its long-serving head of commodities and global markets Nicholas O'Kane. Macquarie's annuity-style divisions, Macquarie Asset Management ...