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Showing 3121 - 3130 of 29058 results for "PRI"

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
David Sipina, a Croydon local, who had a role at defunct investment manager Courtenay House, has pleaded guilty to carrying on a financial services business without a licence and dealing in the proceeds of crime. Between 24 June 2015 and 21 April 2017 ...

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
The Australian Securities and Investments Commission (ASIC) has permanently banned Queensland-based financial adviser Shane Rose. Rose has been banned from providing any financial services, performing any function involved in the carrying on of a financial ...

AustralianSuper's move to boost productivity by up to 30%

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
AustralianSuper announced it would be one of 600 companies globally to participate in the Copilot for Microsoft 365 Early Access Program (EAP). AustralianSuper's chief technology officer Mike Backeberg said the move to introduce artificial intelligence ...

Markets, economies benefit from eustress: ABDO

KARREN VERGARA  |  WEDNESDAY, 20 MAR 2024
While individuals can benefit from good levels of stress or "eustress", so too do financial markets and economies, according to an investment expert, who says that this can help move toward normalisation following a turbulent number of years. La Trobe ...

Lombard Odier brings plastic circularity fund down under

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2024
Lombard Odier Investment Managers (LOIM) is bringing its Plastic Circularity Fund to Australia, following a first close last year with backing from the sovereign wealth fund of Monaco, among others. The LOIM Plastic Circularity Fund (Australia), a private ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
Treasury has released the draft regulations for the superannuation concessions changes set to come into effect FY 2025/26. Stakeholders have been encouraged to submit responses to the draft regulations before 26 April 2024. The bill imposes a tax rate ...

GQG builds private markets unit on PAC stakes

KARREN VERGARA  |  MONDAY, 18 MAR 2024
GQG Partners is launching a private markets business by acquiring Pacific Current Group's stakes in three fund managers operating in the asset class for US$71.25 million ($108.7bn). The foundations of GQG Private Capital Solutions (PCS) will comprise ...

PGIM launches new platform in Australia

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
PGIM Real Estate has expanded its agriculture financing platform into Australia as part of the asset manager's global growth strategy. PGIM said Australia marks the first expansion of its agriculture lending business beyond North America. PGIM Real ...

UK manager recruits Australia head

ELIZABETH FRY  |  FRIDAY, 15 MAR 2024
BlueCove Investment Management has hired a former Morgan Stanley executive to represent it in Australia. The London-based systematic bond fund manager has appointed Ty Thurgood as its local head of sales. Thurgood joined Morgan Stanley from Eaton Vance ...

Iress sells mortgages arm to Bain Capital

ANDREW MCKEAN  |  FRIDAY, 15 MAR 2024
Iress will sell its UK mortgages business to Bain Capital for $164.3 million before costs. The financial software firm said the sale is a big step in its ongoing transformation strategy to sell-off non-core assets. The net proceeds from the sale will ...