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Showing 2981 - 2990 of 28255 results for "NOT"

Maple-Brown Abbott chief executive jumps ship

ANDREW MCKEAN  |  THURSDAY, 15 FEB 2024
... stint with Macquarie Asset Management as a product manager and four years at ING Investment Management. Notably, McQuire will not oversee direct investment activities; this remit will continue to be upheld by chief investment officer Garth Rossler. Similarly ...

Bell Asset Management looks to exit RE services

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... practice have led BAM to form a view that future growth will be better supported by an independent responsible entity... BAM does not intend to act as responsible entity for any funds." It added that, with NAB Asset Servicing exiting the custody market ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... this is tracking in line with full-year guidance of up to $102.5 million. They added that performance fees for the half were not meaningful, characterising them as lumpy and unreliable. With the global equities business seeing the most stress, Magellan ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
The property giant recorded a net loss of $597.2 million, but also managed to secure $9 million in trading profits after tax for the six months to 31 December 2023. The external independent portfolio valuations for Dexus saw mixed results, with a total ...

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
... operations, including whether it's internally developed or externally sourced. "Investment advisers or broker-dealers also should not mislead the public by saying they are using an AI model when they are not, nor say they are using an AI model in a particular ...

Superannuation fund returns underperformed SMSFs: Research

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ...

AMP reports boost in IFA flows, mulls advice unit options

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... AMP settle the Buyer of Last Resort (BOLR) and breaches of continuous disclosure obligations actions - both of which it did not admit liability to. AMP chief executive Alexis George reinforced that the firm is committed to making the advice unit a sustainable ...

Former director pleads guilty to hedge fund con

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... elsewhere. His previous employers include Silverstone Proprietary Trading, ACY Securities, AxiTrader and City Index. Despite not having a licence to provide financial product advice, Sandiford told prospective investors that they could invest it in either ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... others. The ban took effect on February 5. When Sebo was convicted, Justice Lonsdale said: "I find that the offending was not just opportunistic. It was planned and it was persistent." "You deliberately started out stealing money which roughly approximated ...

Fiducian reports strong first half, flags growth plans

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... stakeholders and our shareholders." However, the group's expenses were up by 6.6%. Fiducian sought to manage this, including by not immediately replacing some staff when they left. It has dropped 10 staff since December 2022, it said. Elsewhere, Fiducian ...