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Showing 2571 - 2580 of 22782 results for "Funds"

Loftus Peak to take over Orca fund

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
Having steered its own global disruption fund to a stellar 2023, Loftus Peak will now replace Orca Funds Management as investment manager of its remaining strategy. Towards the end of last year, it was agreed that Loftus Peak will take over as investment ...

More outflows for Platinum

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... executive. In December 2023, Platinum recorded net outflows of about $235 million to finish the year with $15.4 billion in total funds under management (FUM). Compared to December 2022, Platinum's FUM was 15% higher at $18.2 billion. A large portion ...

Macquarie Wrap rolls out new features for advisers

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
... Weber specifically underscored the efficiency of Macquarie's digital pension withdrawal form, with "most clients" receiving funds within 24 hours compared to the approximate three-day processing time for paper-based requests. Last year, the financial ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... permanently banned by the corporate watchdog after he was found to have misled clients about potential returns and used their funds for his own expenses. Delan Pagliaccio is banned from providing any financial services, controlling any entities that ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... faith. Naseeruddin goaded investors to rollover their superannuation monies into newly created self-managed superannuation funds (SMSFs) and to lend those funds to his two companies, Secure Investments and Aquila Group. Between 13 May 2015 and 6 January ...

IG appoints institutional sales manager

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... sales APAC at CMC Markets, based in Sydney. He developed institutional business for API, white labels, advisory brokers, and funds in the region. Before that, Wood spent seven years at Saxo Capital Markets Australia, following his role in Autobahn FX ...

Prime Super appoints new custodian

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... its exchange-traded fund (ETF) custodial services, introducing dual-access ETF capabilities that allow investors to access funds through both exchange trading and traditional unlisted distribution channels.

BlackRock grows private credit business

ELIZABETH FRY  |  TUESDAY, 19 DEC 2023
... their business support unit. BlackRock head of Australasia Andrew Landman said institutional investors and superannuation funds in Australia are looking for ways to add greater diversification to their portfolios - against a macro backdrop of rising ...

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... Christina Langby and TWUSUPER chair Nick Sherry said the name Team Super not only honours the combined industry heritage of both funds - energy and mining workers - but also signifies a continued commitment to serving these sectors. "The new profit-to-member ...

Federal Court appoints receivers to investigate Brite Advisors

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
... McGrathNicol as corporate receivers to probe Brite Advisors, following serious concerns about the management of client pension funds. Smith and Kirman will investigate Brite Advisors and its management of around $1 billion in client pension funds, with ...