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Showing 2631 - 2640 of 21764 results for "Dec"

GQG Partners records US$127bn FUM

ANDREW MCKEAN  |  THURSDAY, 8 FEB 2024
GQG Partners' total funds under management (FUM) increased to US$127 billion in January, up from US$120.6 billion the previous month. Notably, the boutique fund manager reported US$92 billion FUM in the same period last year. GQG also saw net inflows ...

Class action filed against IC Markets

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
Piper Alderman has formally filed its class action against International Capital Markets (IC Markets) for offering contracts for difference to retail investors. The law firm began investigating the potential for a class action in October 2023. Now filed ...

Brite Advisors to be wound up

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
The Federal Court has ordered Brite Advisors (Brite) to be wound up on just and equitable grounds following an application by ASIC. At a hearing yesterday, the Court appointed Linda Smith and Robert Kirman of McGrath Nicol as liquidators to Brite and ...

NAB names new chief executive

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
Andrew Irvine will become National Australia Bank's new group chief executive and managing director, succeeding Ross McEwan. Irvine has served as NAB's group executive and private business since 2020 and boasts 27 years of experience in financial services. ...

Cash rate unchanged at 4.35%

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 4.35% on the back of positive inflation data in its first meeting for 2024. Despite inflation registering at 4.1% for the month of December, down from a peak of 7.8% one year prior ...

RBA anticipated to delay interest rate cuts

ANDREW MCKEAN  |  TUESDAY, 6 FEB 2024
HSBC chief economist Paul Bloxham says that despite widespread market enthusiasm for imminent central bank interest rate cuts, the Reserve Bank of Australia (RBA) is likely to hold off on such cuts for the foreseeable future. Bloxham said that the RBA ...

Online investor participation declines

ANDREW MCKEAN  |  TUESDAY, 6 FEB 2024
Active online investor numbers have continued to decline, albeit at a slower rate, according to an Investment Trends report. The report, which surveyed more than 15,000 retail investors and traders in Australia, revealed a contraction to 1.22 million ...

BlackRock iShares adds to factor ETFs

JAMIE WILLIAMSON  |  MONDAY, 5 FEB 2024
BlackRock is set to add momentum, quality, and value ETFs to its range of iShares Factor ETFs. They will also be the first of the manager's products to be listed on Cboe Australia. BlackRock iShares is introducing three new ETFs later this month, while ...

Oaktree's local head of distribution resigns

ELIZABETH FRY  |  MONDAY, 5 FEB 2024
Oaktree Capital Management's head of distribution for Australia and New Zealand has left the firm and is currently on gardening leave. Two years ago, Brett Penprase joined the US$172 billion investing powerhouse co-founded by Howard Marks with 27 ...

Bravura hires chief people officer from AMP

CHLOE WALKER  |  MONDAY, 5 FEB 2024
AMP people and culture director Gillian Davie will become Bravura Solutions' chief people officer. Davie brings over 20 years of experience as a human resources expert, having worked at a variety of listed companies, including Woolworths, Dick Smith ...