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Showing 271 - 280 of 8221 results for "June"

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
... claiming they could do so under exemptions in section 708 of the Corporations Act. It is understood this was reported to ASIC in June 2024. ASIC sought these orders on an urgent basis to safeguard investor funds while the investigation is underway, it ...

Netwealth reports record FY25 results

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
Netwealth Group has delivered its results for the financial year ending June 30, recording "exceptional growth" across all key metrics. Netwealth recorded funds under administration (FUA) of $112.8 billion, which was a 28.2% surge from FY24, while total ...

Perpetual flags $153.7m impairment

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
... million because of J O Hambro's poor performance. In the March quarter, it saw continued net outflows of $1.8 billion. As at June 30, J O Hambro assets under management were at $36.1 billion, up 1.8% for the quarter driven by positive market movements ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... investors. ASIC's half-year reports of misconduct data shows that there were 7561 reports of misconduct from 1 January 2025 to 30 June 2025, raising 11,060 issues across the financial services and retail investor segment; corporations and corporate governance ...

VG1 replaces investment manager, books massive loss

KARREN VERGARA  |  THURSDAY, 21 AUG 2025
... Asia-focused long-short equity strategies. "The board thanks Phil for his management and oversight of the VG1 portfolio since June 2023," Jones said. VG1's FY25 performance was marred by biotech company Opthea, which was written down to zero after ...

Global X ETFs on a hiring spree, readies for $12bn FUM

MICHELLE BALTAZAR  |  THURSDAY, 21 AUG 2025
... seem to stop hiring, adding five new team members to its operations this month as its asset base tips over $11 billion in June, well ahead of its FUM target. Adding AI muscle to its technology team, Global X has hired David Croft as technology and AI ...

HUB24 reports record inflows, user growth

JAMIE WILLIAMSON  |  TUESDAY, 19 AUG 2025
... million, with the platform achieving $323.3 million. The group's total funds under administration sat at $136.4 billion as of June 30, rising 30% year on year. Of this, $112.7 billion is on the platform, though HUB24 said this has now increased to $118 ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... direct sale practices in 2018, which led to the report The sale of direct life insurance (REP 587). Between July 2021 and June 2024, it reviewed documents and policies from a sample of life insurers and life insurance distributors to determine whether ...

Fidante loses $11.4bn in insto money

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... administration and custody services to State Street. During the period, TAL Dai-ichi Life Australia took a 15% stake in Challenger. On June 17, TAL Dai-ichi Life flagged its intention to purchase an additional 4.8% interest in Challenger from Apollo ...

Vision Super divests G8 Education over abuse charges

JAMIE WILLIAMSON  |  MONDAY, 18 AUG 2025
... company was added to the list of investment exclusions in Vision Super's responsible investment policy on July 27. In June, a former employee of G8 Education was charged with more than 70 child sex abuse offences allegedly involving eight children ...