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Showing 3371 - 3380 of 22782 results for "Funds"

Unlicensed investor pleads guilty to fraud charges

CHLOE WALKER  |  FRIDAY, 24 FEB 2023
... ASIC investigation, Kamkolkar was found to have obtained nearly $1 million from four investors, and failed to invest those funds according to their instructions. Kamkolkar told the four investors that the proposed investments were "not as high risk" ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... 2023 reporting period, the wealth management unit earned $10.9 million in revenue, declining 32% from the prior period. Funds under management dropped to $3.3 billion, which includes $660 million in the WealthSolutions2 product on the HUB24 platform. ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
At the annual Association of Superannuation Funds of Australia conference, financial services regulators detailed their top priorities, including cybersecurity threats and fraud in the super industry. At the ASFA conference, financial services regulators ...

New head of private debt at QIC

ELIZABETH FRY  |  FRIDAY, 24 FEB 2023
... position, he was responsible for investing in mezzanine infrastructure debt assets, attracting investors to infrastructure debt funds, and leading the build-out of the investment team in Asia. Before that, he was a founding member of the AMP Capital ...

New front in super wars, stability at risk: Opposition

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
At the Australian Superannuation Funds of Australia (ASFA) conference, shadow treasurer Angus Taylor said the stability and certainty of Australia's superannuation system is at risk. The purpose of super is to take pressure off the budget, not supplement ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
Insignia Financial recorded a 67% increase in net profit after tax for the first half, while also seeing a drop in its funds under management and administration of $5.5 billion. Reported to the ASX today, Insignia's NPAT was $45.1 million, a significant ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... million, accounting for costs associated with acquiring AET and its technology investment program. Meanwhile, the group's funds under management, administration, advice and supervision (FUMAS) was recorded at $155.5 billion. This is 4.4% higher than ...

Gurner, Qualitas close second BTR fund

CHLOE WALKER  |  WEDNESDAY, 22 FEB 2023
... for the half year ended December 31 (1H23), up 117% on its net profit after tax. "A combination of significant growth in funds under management (FUM) to $5.8 billion and record deployment of capital drove a 21% increase on 1h22 in funds under management ...

Link Group secures mandate renewal

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2023
... technologies, customer experience and data management have forever changed expectations within our industry. Superannuation funds are transforming the way they interact and connect with their members and employers, creating innovative solutions to capture ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... Australian Retirement Trust (ART). The merger would see Commonwealth Bank Group Super's 67,000 members and $12.3 billion funds under management (FUM) transfer to ART. Commonwealth Bank Group Super's trustee, Commonwealth Bank Officers Superannuation ...