Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2721 - 2730 of 7106 results for "June 2023"

J.P. Morgan remains largest custodian

DARREN SNYDER  |  WEDNESDAY, 4 OCT 2017
Assets under custody in Australia grew 6.4% in the first half of 2017, reaching more than $3.2 trillion. J.P. Morgan remains the largest overall provider in the Australian custody market with $641 billion in assets under custody as at 30 June 17. This ...

Interest rates on ice

BENJAMIN ONG  |  WEDNESDAY, 4 OCT 2017
It was a ho-hum event, the Reserve Bank of Australia's (RBA) 3 October board meeting, that is. The Australian central bank kept interest rates unchanged as widely expected. This takes to 14 the number of months the RBA has kept the official interest ...

NZ Super Fund posts record returns

EMMA RAPAPORT  |  THURSDAY, 28 SEP 2017
New Zealand's sovereign wealth fund had one of its best years yet posting an annual return of more than 20%. For the 12 months to 30 June 2017, the New Zealand Superannuation Fund turned in a 20.71% (after expenses, before tax) return. This follows ...

SPIVA again scores active versus passive debate

ALEX BURKE  |  WEDNESDAY, 27 SEP 2017
The widely-used SPIVA scorecard, prepared semi-annually by S&P Dow Jones Indices, once again suggests the majority of Australian active managers underperformed their respective benchmarks over the 12 months to 30 June 2017. Describing itself as the ...

A matter of assumptions

BENJAMIN ONG  |  TUESDAY, 26 SEP 2017
While most of the world's biggest central banks have embraced uber-transparency, the Reserve Bank of Australia (RBA) appears to still be subscribing to "fedspeak". It's still keeping Australians in the dark about its next policy movement. In its September ...

Neuberger Berman acquires $2.5 billion firm

ALEX BURKE  |  FRIDAY, 22 SEP 2017
An investment team presiding over $2.5 billion in client assets will join up with Neuberger Berman later this year. Canadian firm Breton Hill Capital was launched in 2011 and specialises in alternative risk premia and multi-factor solutions across equities ...

Platinum LIC reaps Asia rewards

ALEX BURKE  |  TUESDAY, 19 SEP 2017
The Platinum Asia Investments listed investment company saw strong investment gains of 20.21% in the 12 months to June 30. The performance, measured in pre-tax net tangible assets growth, was nonetheless slightly lower than the return delivered by the ...

Sequoia raises curtains on two key acquisitions

ALEX BURKE  |  TUESDAY, 19 SEP 2017
After suspending trading last week, Sequoia Financial Group has acquired a major Australian broking firm and says it will complete another purchase originally flagged in June. Morrison Securities, part of the ASX Group since 1985 and formerly owned ...

AustralianSuper moves to opt-in insurance

EMMA RAPAPORT  |  MONDAY, 18 SEP 2017
AustralianSuper has become the first major superannuation fund to make insurance opt-in for younger members in a bid to stop account erosion. Members of the industry fund who are under 25 when they join up will now be asked to "opt-in" to insurance ...

Lack of expertise driving down competition: APRA

ALEX BURKE  |  MONDAY, 18 SEP 2017
In its submission to the Productivity Commission, APRA called out a lack of expertise and systems capabilities as hindering competition in the Australian financial sector. Noting the high levels of concentration in many financial industry sectors, measured ...