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| | | Perpetual has confirmed it may have to cough up more than $20 million to Pendal Group if a transaction were to impede the existing deal between the two entities, as speculation grows Perpetual is attempting to renege. Yesterday, Perpetual dismissed ... |
| | | | Former Courtenay House Companies director Tony Iervasi has pleaded guilty to conducting a $180 million Ponzi scheme. Iervasi, who tricked 585 investors into falling for one of the nation's biggest Ponzi schemes, appeared yesterday in the Downing ... |
| | | | Hamish Douglass has dumped $118.3 million of his Magellan Financial Group shares in a partial sale. Approximately 13 million in shares were sold last night through an after-market block trade at $9.10 per share. Magellan was informed that an entity ... |
| | | | The prudential regulator has placed additional conditions on Insignia Financial's RSE licence over governance and risk management issues, including delaying the transfer member benefits to other funds. The additional conditions apply to IOOF Investment ... |
| | | | After three years in the role, Andrew Hagger has stepped down as chief executive of Twiggy Forrest's Tattarang and the Minderoo Foundation. In an announcement late yesterday, the private investment group said Hagger has decided to transition out ... |
| | | | The government is proposing changes to the Telecommunications Regulations 2021 following the Optus breach that will impact how APRA-regulated entities respond to cybersecurity incidents and risks. Changes from the government are expected to provide ... |
| | | | The Reserve Bank of Australia (RBA) board increased the cash rate target by 25 basis points to 2.6%, driving domestic markets higher. Committed to returning inflation to the 2-3% range over time, the board affirmed that yesterday's increase in interest ... |
| | | | Bridgewater billionaire Ray Dalio has relinquished control of his US$150 billion company after running the firm for most of its 47 years. The hedge fund announced yesterday that the drawn-out transition of Bridgewater Associates from Dalio, which started ... |
| | | | ... "So, you can't necessarily put money into long-term projects and set it against long-term members," Taylor says. "And yes, it could have implications for the fund. So yeah, real work needs to be done on the legislation if the government wants us ... |
| | | | ... towards ASIC needed to be looked at through a lens of past and present. "If you go back to 2018, I would say resoundingly yes, it was a tougher time," he explained. "We had large, well capitalised institutional licensees embarking on multimillion-dollar ... |
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