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Showing 3091 - 3100 of 22782 results for "Funds"

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... Anne-Marie O'Loghlin was bestowed an award for her significant service to the finance sector, to women, and to the community. Funds SA director Jane Jeffreys, who has been with the organisation since December 2015, was recognised for her service ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... merger because Credit Suisse was experiencing a crisis of confidence, which manifested in considerable outflows of client funds. The banks predicament was worsened by recent disruptions in the US banking system in March 2023. "It was necessary for the ...

Sequoia backs budding investment manager

CASSANDRA BALDINI  |  TUESDAY, 13 JUN 2023
... wealth manager has acquired a stake in a recently launched investment manager and will support the roll-out of three new funds. Sequoia has bought 20% of Euree Asset Management for a cash consideration of $500,000. Euree was formed at the beginning of ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... project to mitigate their estimated losses of $700,000. That failed investment was related to the now liquidated PE Capital Funds Management. ASIC found Fox was "not a fit and proper person to engage in financial services, was likely to contravene financial ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... standards of living in retirement and reducing the cost of an aging population to the government," he said. Superannuation funds will potentially need to provide an intra-fund offering if they are not already do so for members sometime in 2024, when ...

Hostplus closes infrastructure, property options

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2023
... more comprehensive suite of investment options." According to Rainmaker Information, Hostplus has about $9 billion of its funds under management invested in property and infrastructure across all its options. Just $235 million of this was invested in ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The federal government will scrap a load of administrative burdens and give superannuation funds a larger role in making financial advice more affordable as it announces which out of the 22 Quality of Advice Review recommendations will become a reality ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
... released an updated statement of expectations for APRA which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider risks related ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... daughter were also named in the case brought by ASIC, with the son operating a property group that received some of the funds and then used them to acquire property, and the daughter having received investor funds as a gift. "The venture into which Ms ...

ETP investors struggle to pick winners

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... the returns volatility of the underlying product and the growth of the product through monthly flows. Australian equities funds that grew the most had the lowest MW premiums. "Investors allocated to products with high historical returns which then disappointed ...