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

Search Results

Showing 271 - 280 of 2719 results for "PIC"

Commercial property deals stuck at 2011 levels

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
Sales of local commercial property assets have dropped to the lowest levels since 2011 for the second straight quarter, says MSCI. Latest data from MSCI shows transaction volumes in Q2 were down 61% year on year, coming in at $7 billion. This was down ...

Acadian employs ChatGPT to assess climate targets

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 AUG 2023
Acadian Asset Management is using the technology underpinning ChatGPT to predict whether companies are likely to achieve sustainability targets. The Acadian Net Zero Alignment Model integrates large learning models (LLM), the type of AI algorithm that ...

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
The Reserve Bank of Australia (RBA) left the cash rate unchanged again at 4.1% but warns that more hikes are necessary to tame inflation. Outgoing governor Philip Lowe said Australia's central bank remains "resolute in its determination to return ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
The US Federal Reserve has raised interest rates by a quarter of a percentage point, taking rates to a 22-year high. Overnight, the Fed announced rates would rise to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome ...

Mercer picked to advise Pengana Credit

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
Mercer has been appointed as the investment advisor for Pengana Capital Group's recently launched private credit arm, making it the first appointment of its kind for the former's Australian business. Pengana will look to leverage Mercer's global ...

Does ESG have a fiduciary issue?

ROSE MARY PETRASS  |  MONDAY, 17 JUL 2023
ESG alone cannot drive value creation, but ESG integration can be used to gain competitive advantage, according to Prequin. The investment data company's latest survey of limited partners featured in Preqin's ESG in Alternatives 2023 report ...

Lowe hands down RBA board shake up

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
Reserve Bank of Australia (RBA) governor Philip Lowe has announced significant changes that will be implemented by the central bank in response to the recent review of its processes. In what is potentially his last speech as governor, Lowe explained ...

JANA picks Rimes for tech

CASSANDRA BALDINI  |  FRIDAY, 7 JUL 2023
The asset consultant has selected enterprise data management firm Rimes to assist in delivering strategic technology solutions and better serve clients. JANA will onboard the Rimes Matrix solution and said it's a "critical component" aiding its ...

Global X launches commodities ETF

CHLOE WALKER  |  WEDNESDAY, 5 JUL 2023
Global X launched its first broad-based commodity ETF down under, the Bloomberg Commodity ETF (BCOM). BCOM tracks the Bloomberg Commodity Index 3-Month Forward Excess Return, offering investors access to both soft and hard commodities such as grains ...

The boomer boom is over: AUSIEX

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
As Baby Boomers exit the workforce, all wealth industry participants need to rise to the challenges and opportunities presented by the great intergenerational wealth transfer, AUSIEX chief executive Patrick Salis says. According to AUSIEX's latest research ...