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| | | ... how would the BDM/PDM fare?" Business Health said. Managers surveyed said that their workload has increased, yet 81% have not had a meaningful pay rise to compensate for more work. Managers can earn as much as $300,000 (plus on-costs) on average per ... |
| | | | ... over the long term." But by constraining a fund to only $10 billion, Skinner said, "it forces us to focus on performance, not fee gathering. "We still strive to be the most aligned fund manager in the country," he said. |
| | | | ... self-proclaimed 'ASX Wolf,' effectively declaring him bankrupt. The corporate regulator sought sequestration orders against Scholz for not paying Federal Court-mandated costs associated with his illegal operation of an unlicensed financial services business ... |
| | | | ... management processes, and existing product design. Despite the changes, Platinum stressed that its "investment philosophy will not change". The half-year to December experienced net outflows of $1.75 billion and negative investment returns of $100 million. ... |
| | | | ... their benchmark, the latest SPIVA study shows. Aussie large-cap managers suffered their worst-performing period in 2023 - not since 2018 when 86% of them failed to match or outperform the S&P/ASX200, which returned 12.4% per annum, SPIVA's 2023 Australia ... |
| | | | ASIC has obtained an interim order from the Federal Court to restrict former Blockchain Global director Liang Guo, also known as Allan Guo, from leaving Australia. The corporate regulator is currently investigating Guo and two other Blockchain Global ... |
| | | | ... would cost more than $900,000, Rainmaker said. This, despite APRA data showing that only 3.3% of retirement age members in not-for-profit and retail super funds have more than $1 million in their super account. Almost half of the total have less than ... |
| | | | Despite a slew of record-breaking sales, luxury investment markets weakened in 2023, according to the Knight Frank Luxury Investment Index (KFLII). For only the second time, the KFLII, which tracks the performance of 10 popular investments of passion ... |
| | | | ... that derived up to 33% revenue from excluded activities, such as fossil fuels. "ASIC contends these revenue thresholds were not disclosed to investors and were contrary to the statements in the PDS," the regulator said. "ASIC believes that applying a ... |
| | | | ... accounts with low balances to the Australian Taxation Office, and required the cancellation of insurance on inactive accounts not receiving contributions for 16 months. Following this, the Treasury Laws Amendment (Putting Members' Interests First) ... |
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