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Showing 11 - 20 of 588 results for %22August Board%22

Future Fund exposed to dangerous Chinese investments: Opposition

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
... nations such as Russia, Iran, and North Korea. According to an audit conducted by opposition senator James Paterson in August, the $200 billion sovereign wealth fund first forayed into Chinese markets in 2007, but its investment exposures grew as China ...

AMP Capital sale inches toward completion

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... Australia and New Zealand," George stated. The anticipated completion of the transaction is set for November 30. Back in August, Dexus r eported a $752.7 million los s, mainly due to unrealised valuation losses on its investment properties. During that ...

Bell FG announces leadership shakeup

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... Meantime, BFG executive chair Alastair Provan has announced his decision to retire in November. Provan served in the role since August 2019 and boasts over four decades with the group. "I am proud of the company that we have built and I have complete ...

Former AMP Capital executive takes over at Selfwealth

CASSANDRA BALDINI  |  THURSDAY, 19 OCT 2023
... growth." The company also announced that recently appointed chief financial officer, Scott Farndell, who joined the in August, has left the business effective 18 October 2023. According to Christian, the board is still focused on recruiting a leadership ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... Intuit, and MasterCard are some of its top holdings. MGF shrunk the discount gap from 22.6% (9 November 2022) to 12% (17 August 2023). While Magellan managing director David George said in a September update that he is pleased that the discount has narrowed ...

Future Fund slapped with new disclosure rules

ANDREW MCKEAN  |  WEDNESDAY, 4 OCT 2023
... required of superannuation funds as set out in the Corporations Amendment (Portfolio Holdings Disclosure) Regulations 2021. In August, Future Fund posted a 6% return in FY23, well-below its 10% target. However, Future Fund chair Peter Costello said the ...

Bullock keeps cash rate at 4.10%

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
... the evolving assessment of risks," she said. This is off the back of disappointing inflation data which rose to 5.2% in August from 4.9% in July. "Timely indicators on inflation suggest that goods price inflation has eased further, Bullock said, but ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... the fund said. There's been several corporate super funds to announce or complete mergers of late. Most recently, in August, Citibank confirmed it would terminate its staff superannuation fund this month, citing higher operating costs and increased ...

Treasury consults on PwC-linked reforms

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... people have more transparency over agent and firm misconduct. The government originally announced the package of reforms in August. The overhaul has been called the biggest crackdown on tax agent misconduct in Australian history. Commenting on the consultation ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
Platinum Asset Management has reported net outflows of $912 million in August, the month also saw the resignation of founder and chief executive Andrew Clifford. The outflows were largely driven by a previously disclosed $650 million redemption from ...