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

Search Results

Showing 301 - 310 of 762 results for "responsible entity"

360 Capital eyes LIC

KANIKA SOOD  |  FRIDAY, 17 JUL 2020
... an 18.53% stake in an ASX-listed closed-ended fund, as it engaged with its management to appoint it as the responsible entity. The Australian Enhanced Income Fund (AYF) was listed on the ASX in October 2006 and invests in up to 35 ASX-listed debt equity ...

Netwealth booms amid pandemic

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... seeing an increase in client referrals and new business." During the quarter, Netwealth also added an external responsible entity option to its managed account offering, which it says, "further supports differentiated value propositions in the market ...

SG Hiscock, Morgan Stanley launch global equity funds

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... are increasingly valued by investors, particularly in Australia." Equity Trustees Limited has been appointed Responsible Entity (RE) of the two Partnership Program funds. Equity Trustees' head of global fund services and executive general manager corporate ...

Prodigy boutique finds new strategic partner

KANIKA SOOD  |  WEDNESDAY, 24 JUN 2020
... investors. It had two offices - in Sydney and Melbourne - with about a dozen staff. Equity Trustees, as the responsible entity, decided Dalton and Equus would wind down their funds and return capital to investors. Dalton funds' closure was reversed ...

New fund launches on ASX

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... least 5% per annum, net of fees and costs, paid semi-annually. It said where there is insufficient income the Responsible Entity, Perpetual Trust Services, intends to distribute capital out of the fund with the objection of trying to meet its target. ...

Report reveals superficiality of ESG pledges

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... company," the spokesperson said. Likewise, a spokesperson for AMP Capital (which acts as the investment manager and responsible entity for AMP Super's listed investments) said it publishes its proxy voting annually. "We consider each proposal carefully ...

Boutique to remediate clients

KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... the payment of certain fund related expenses in addition to the management fees disclosed in the PDS," the responsible entity Equity Trustees said in communication sent to investors. Alpha was to remedy the error by making a one-off adjustment in the ...

Plato fund to shutter

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
... FY19. By end of April, 2020 its assets had fallen to $19 million. On May 25, Pinnacle Fund Services, as the responsible entity, decided it was unlikely to achieve the scale required to the sustain costs of operating the fund and invest according to its ...

Sydney boutique shutters fund

KANIKA SOOD  |  THURSDAY, 28 MAY 2020
... options trader Simon Ho, was terminated on Saturday by a GSFM Funds Management subsidiary which acts as its responsible entity. The fund's assets dwindled by $3.21 million from March end to April end. Clients who invested in the fund at its inception ...

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... adequate professional indemnity insurance cover." Meanwhile, ASIC has revoked its suspension of Sydney-based responsible entity Ausfunds Management's ASFL. ASIC said it revoked the suspended Ausfunds' AFSL because it had breached its licence by failing ...