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Showing 11 - 20 of 6416 results for %22December 2014%22

AMP upgrades North investment platform

ANDREW MCKEAN  |  THURSDAY, 14 MAR 2024
... managers, this includes the addition of a new Australian diversified fixed interest portfolio from Real Asset Management in December last year. AMP group executive, platforms Edwina Maloney said that the group's investment and development program for ...

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been ...

Centuria raises $50m for new fund

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... 2024 from $58.5 million on the prior period. The group reported assets under management of $21.1 billion at the end of December.

Philip Lowe joins LIC board

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... Generation Australia's chair and beyond." FGX has $545.5 million in assets returning 13.1% per annum at the end of December 2023. FGX and FGG have made a social impact investment that focus on Australian children and youth at risk worth $37.8 million. ...

Managed account FUM closes in on $200bn milestone

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... to the latest figures, there is now about $195 billion held in managed accounts - up $33 billion in the six months to December end. The IMAP Census of Managed Accounts FUM shows the total grew by some 20.47% in the six-month period to hit $194.85 billion. ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... company Perpetual reported an increase to its underlying net profit after tax and operating revenue in the half-year to December. Underlying profit after tax (UPAT) reached $98.2 million, 46% higher than the prior corresponding period because of the ...

Female fund managers boast 1.2% alpha

KARREN VERGARA  |  FRIDAY, 8 MAR 2024
... portfolio management teams led by women were able to achieve 0.89% in alpha annualised over five years net of fees as at December 2023. On an annual basis, this came out to be 1.2% per annum. "This is higher than the wider group of Australian equity ...

ASX settles $1.05m fine for transparency failures

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
... after an ASIC investigation found it failed to meet pre-trade transparency rules on 8417 occasions from April 2019 to December 2022. The rules mandate that ASX disclosure specific order details on its trading system. However, due to a system misconfiguration ...

ASIC succeeds in conflicted remuneration case

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... superannuation funds (SMSFs) to buy real property marketed by real estate agent Positive RealEstate. ASIC alleged that between December 2013 and July 2016, Positive RealEstate paid SMSF Club around $5000 each time a client bought a property through them ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... secured almost $60 million in civil penalties and nine criminal convictions relating to scamming in the half year to 31 December 2023. It also launched 83 new investigations, commenced 19 new civil proceedings, criminally charged 19 individuals, and ...