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Showing 11 - 20 of 8421 results for "Made"

Goldman Sachs ditches robo-adviser Marcus Invest

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... global head of Marcus Deposits and Marcus Invest, said: "As we increase our focus on our growing Marcus Deposits platform, we made the decision to transition away from our digital investment advisor offering and wanted to find a great home for those ...

Link shareholders approve takeover

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
... favour of the proposed acquisition by MUFG's subsidiary Mitsubishi UFJ Trust & Banking Corporation (The Trust Bank). MUFG made the $1.2 billion takeover bid in December last year. MUFG will pay $2.26 cash for every Link share, inclusive of a $0.16 dividend. ...

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... which comprises three other visa streams: business innovation (188A), investor (188B), and entrepreneur (188E). Home Affairs made zero allocations to the BIIP for 2023-24 (see Figure 1). Wright anticipates that the government will release further details ...

Dividends up but share buybacks fall: Janus Henderson

ELIZA BAVIN  |  WEDNESDAY, 24 APR 2024
... buyers of their own shares, totalling $773 billion in 2023 and accounting for $7 in every $10 globally. However, they also made a disproportionately large reduction; US buybacks fell by $159 billion last year, down by 17% year-on-year. US technology ...

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
... fund products. "This two-metric test would ensure trustees can continue to have confidence around decisions they've already made to ensure they pass the test, while also encouraging them to pursue investments more closely aligned with the best financial ...

First Sentier axes investment units, AUM takes $14bn hit

KARREN VERGARA  |  TUESDAY, 23 APR 2024
... material and sustainable," FSI global head of investment management David Allen said. As a result of this, Allen said "we have made the difficult decision" to close the business units. Affected staff represent about 7% of FSI's Australian-based workforce ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... and fairly and as a result it has become liable for a substantial penalty." Between October 2016 and October 2019, Hopkins made 167 unauthorised transactions on 13 of his clients' cash management accounts via Macquarie's bulk transaction system, totalling ...

Spaceship Super to land somewhere new

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2024
... successor fund transfer that will see Spaceship become a sub-plan of OneSuper. Spaceship and Diversa said the decision has been made because they are "passionate about delivering strong member outcomes for all Spaceship Super members." The transfer is ...

State supports move to close super loophole exploited by paedophiles

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... does what it can to ensure child sex offenders are held responsible for compensating their victims with all of their funds made available to do so." The motion follows a forum attended by members of Parliament and representatives of the Super for Survivors ...

Russell Investments introduces new ESG-focused ETF

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
... the portfolio. The research team will continue to assess the managers and their suitability, with additions or replacements made as necessary, or as new opportunities are uncovered. This may include managers that are otherwise closed to new money or ...