Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3091 - 3100 of 21898 results for "Fund."

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
The Senate Economics Legislation Committee has urged the government to review laws that would impact franked dividends funded by capital raisings. In February, the government tabled the Treasury Laws Amendment (2023 Measures No.1) Bill 2023 which among ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
ESSSuper is reducing administration fees and plans to rebate some of this financial year's admin fees, citing efficiencies gained through outsourcing administration. Meanwhile, it has also signed a new group insurance contract. Currently, ESSSuper ...

First Sentier clients walk away with $13bn

KARREN VERGARA  |  MONDAY, 5 JUN 2023
The fund manager bled $12.6 billion in outflows across several managed funds in the year to March, Rainmaker research shows. Four of First Sentier Investors' products lost more than $1 billion in net flows each, Rainmaker's latest Wholesale ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
Two former directors of collapsed retail over-the-counter derivatives provider Berndale Capital Securities have been charged with dishonesty offences, including misusing over $1 million in company funds. Stavro D'Amore and Daniel Kirby are alleged to ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
A US regulator has slapped Vanguard with a fine for issuing false and inaccurate account statements to 8.5 million US customers. The Financial Industry Regulatory Authority (FINRA) found that the fund manager overstated the yield and projected annual ...

Dexus, Partners Wealth Group airport fund to take off

CHLOE WALKER  |  MONDAY, 5 JUN 2023
Partners Wealth Group has joined forces with Dexus to offer wholesale buyers the opportunity to invest in Melbourne Airport through its new APAC Wholesale Airports Fund. The fund, dubbed WAF, also provides exposure to the Australia Pacific Airports ...

Macquarie AM wins manager of the year: ILAs

STAFF WRITER  |  FRIDAY, 2 JUN 2023
Macquarie Asset Management won multiple awards at last night's Financial Standard Investment Leadership Awards, including the highly coveted Investment Manager of the Year Award. Attended by 350 people at Sydney's Crown, Financial Standard honoured ...

CareSuper, Spirit Super charge ahead with $50bn merger

ANDREW MCKEAN  |  FRIDAY, 2 JUN 2023
CareSuper and Spirit Super have entered into a binding agreement to merge, set to finalise by late 2024. The combined superannuation entity will have $50 billion in funds under management (FUM) and serve over 500,000 members. Last year, former CareSuper ...

MAX Awards recognises best of the best

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
Now in its 29th year, Financial Standard's Marketing, Advertising and Sales Excellence (MAX) Awards honoured the most influential professionals in the wealth management industry last night. The MAX Awards hosted about 350 people at the glittering ...

Spaceship told to cease super, funds distribution

JAMIE WILLIAMSON  |  FRIDAY, 2 JUN 2023
Spaceship is the first superannuation fund to be slapped with stop orders, which have also been applied to its Voyager Funds series. The orders apply to the Spaceship Earth Portfolio, Spaceship Origin Portfolio, Spaceship Universe Portfolio, and Spaceship ...