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Showing 241 - 250 of 632 results for "Fire"

Firetrail calls off $305m IPO

KANIKA SOOD  |  WEDNESDAY, 17 OCT 2018
The former Macquarie stock pickers have hit the brakes on a LIC based on their absolute return strategy after a few investors lapped up most of the raise. Firetrail Investments had raised "well over" $100 million when management and board decided the ...

ETFs attracting more money than LICs

KANIKA SOOD  |  MONDAY, 15 OCT 2018
Aussie investors now have more money invested in the rapidly-expanding exchange traded fund market than in long-standing listed investment companies. The ETP market has just hit $42.3 billion in funds under management - that's $60 million more than ...

Ban Dollarmites: Spot poll

KARREN VERGARA  |  MONDAY, 15 OCT 2018
... statement, claiming that initiatives like Dollarmites help promote financial literacy at a young age. CBA recently came under fire for its 87-year-old Dollarmites program after it was awarded a Shonky award from consumer advocacy group CHOICE. CHOICE ...

CBA fires up over Dollarmites criticism

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
Commonwealth Bank has responded to widespread criticism of its longstanding Dollarmites program. Executive general manager of the bank's retail arm, Mark Jones said CBA is proud of its school banking program, which has been running now for 87 years. ...

Pinnacle launches new affiliate

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Pinnacle Investment Management will launch a multi-asset affiliate with the help of a former Schroders portfolio manager. Pinnacle entered into an agreement to establish Longwave Capital Partners, an Australian equities investment management affiliate ...

Fintech hub snaps up Afterpay co-founder

KANIKA SOOD  |  THURSDAY, 27 SEP 2018
Afterpay co-founder Anthony Eisen will now sit on the board of a fintech innovation board after a raft of board changes were announced yesterday. Stone & Chalk has revamped its board, appointing seven new directors as it moves from a "start-up" to a ...

Chief economist update: China shares inclusion in MSCI is a blessing and a curse

BENJAMIN ONG  |  MONDAY, 17 SEP 2018
... weighting of around 0.8% in the MSCI Emerging Markets Index. China A-shares inclusion into the benchmark MSCI indices is a sure-fire way to get money flowing into China's stockmarket. Indexed funds, exchange-traded funds and active funds, among others ...

Firetrail to launch $305m IPO

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
The boutique launched by former Macquarie stock pickers under Pinnacle's banner in May is set to kick off an initial public offer, raising up to $304.5 million for an absolute return LIC. Firetrail Investments lodged a prospectus with ASIC on Tuesday ...

Pinnacle expands distribution team

KANIKA SOOD  |  MONDAY, 10 SEP 2018
The $46 billion multi-affiliate investment manager has hired Eaton Vance's Australian lead as it expands its business in Australia and offshore. Duncan Hodnett is joining Pinnacle as a director of institutional distribution in a Sydney-based role. ...

New code should apply to all: ABA

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
The Australian Banking Association (ABA) believes the new Banking Code of Practice standards should be adopted across the entire industry, including banks that are not ABA members. According to the association, the standards between credit unions, buildings ...