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

Search Results

Showing 3151 - 3160 of 6512 results for "Jul"

Storm Financial investor slams court decision

ALEX BURKE  |  MONDAY, 29 AUG 2016
The joint chair of the Storm Investors Consumer Action Group has criticised the Federal Court's recent ruling against Storm Financial. Seven years after going into administration, Storm Financial has been found by the court to have provided inappropriate ...

Retail FUA growth drives HUB24 profit

KERRIE SYDEE  |  MONDAY, 29 AUG 2016
HUB24's retail funds under administration (FUA) grew by 94% to $3.31 billion in FY16, with the company recording a gross profit of $10.9 million, up 125%. HUB24 recorded total FUA of $3.78 billion at 30 June 2016, comprising retail FUA $3.31bn, new ...

Yellen speaks Fedspeak

BENJAMIN ONG  |  MONDAY, 29 AUG 2016
It's live! It'll be one of those Septembers to remember. This, Virginia, is if you believe many (not most) of the post-Jackson Hole commentaries that littered world wide web dissecting US Fed Chair Janet Yellen's words. She said so many things, so many ...

EGFM launches new property fund

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2016
EG Funds Management has launched a new close-ended, unlisted real estate fund. Yield Plus Infrastructure Fund No. 2 (YPI 2) raised just under $400 million in equity at first close with both domestic and offshore institutional investors. The fund manager ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 26 AUG 2016
Australia managed funds The Australian Bureau of Statistics (ABS) released data showing that funds under management in the managed fund industry rose by 3.0% to A$2,721.6 billion in the June quarter from A$2,646.7 billion in the previous three-month ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 25 AUG 2016
Australia construction work done A sharp 9.0% drop in engineering in the June quarter accounted for all of the 3.7% fall in the value of total construction work done in the three months to June - worse than market expectations for a 1.9% fall. The value ...

MLC extends Rio Tinto insurance partnership

DARREN SNYDER  |  WEDNESDAY, 24 AUG 2016
Members in the accumulation division of the Rio Tinto Staff Superannuation Fund (RTSSF) were recently moved to new insurance arrangements following MLC winning a market tender. The accumulation division was previously under self-insurance arrangements ...

Vulnerable clients easily manipulated: study

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
Trust in financial advisers can be easily manipulated, according to a new university study which found a large proportion of Australians were unable to tell the difference between good and bad financial advice. The study also revealed a high proportion ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 24 AUG 2016
Markit flash US manufacturing PMI Markit Economics' flash US manufacturing purchasing managers' index (PMI) eased to a reading of 52.1 in August from July's nine-month high level of 52.9 on the back of continued solid strength in production. While the ...

Fund administrator purchases New York business

DARREN SNYDER  |  TUESDAY, 23 AUG 2016
An Australian fund administrator is delivering on its recent US expansion by acquiring New York-based hedge fund administrator Fundadministration. Following the opening of its New York office in July, ASX-listed MainstreamBPO sees its most recent purchase ...