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Showing 3441 - 3450 of 22782 results for "Funds"

Former planner pleads guilty to dishonest conduct

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... found that between February and March 2015, Bradley Grimm engaged in dishonest conduct on five occasions and transferred funds between two of his clients' self-managed superannuation funds (SMSFs) to three separate companies of which he was the sole ...

Divestments impact Insignia FUMA

ANDREW MCKEAN  |  WEDNESDAY, 25 JAN 2023
Insignia Financial reported an increase in funds under management and administration (FUMA) in Q2 FY23 despite divesting from JANA and AET. Insignia FUMA was $285.1 billion as at 31 December 2022, an increase of $7.4 billion (+2.7%) on a continuing ...

JANA management buys out Insignia stake

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2023
... Insignia when it, then IOOF, snapped up MLC. As part of the agreement, the responsible entity for close to $8 billion in funds under JANA's implemented consulting offering has been transitioned to an alternative provider. Insignia will remain a client ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
... "The inherent complexity of the independent trustee model, with one trustee having oversight over a substantial number of funds, sub-funds and products, requires significant resourcing to ensure quality member outcomes," Cole said. "These licence conditions ...

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
... given the material challenges we've experienced in the prevailing macroeconomic environment," Hackett said. Meanwhile, GDG's funds under management (FUM) saw a 10% increase from the previous quarter. The pooled development fund's total FUM was $2.4 billion ...

Calastone reports sharp managed fund flow declines in 2022

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
According to Calastone's Fund Flow Index, Australian investors significantly reduced their investments in managed funds in 2022. The index showed a sharp decline in inflows across all asset classes, with the biggest drop coming from fixed income funds. ...

Four themes driving 2023: Iggo

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
... need for additional increases in interest rates beyond what is already priced in i.e., 5% for the US Federal Reserve's fed funds rate; 3.25% to 3.5% for the European Central Bank's deposit rate; and 4.5% for the Bank of England's bank rate. "Further ...

Bloomberg pays US$5m in SEC charges

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
... adhere to methodologies it had previously disclosed. It alleged Bloomberg was aware that its customers, including mutual funds, may use BVAL prices to determine fund asset valuations, including valuing fund investments in government, supranational, agency ...

Consultation opens on NALI amendments

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
... consultation paper outlining possible amendments to the non-arm's length income (NALI) provisions relating to superannuation funds. It explained a potential change to self-managed superannuation funds and small APRA-regulated funds would be amending ...

HUB24 launches new ESG ratings

CASSANDRA BALDINI  |  MONDAY, 23 JAN 2023
... The new functionality provides advisers with access to "data-driven insights" and reporting metrics for selected managed funds as well as more than 350 Australian-listed securities. HUB24's new ESG ratings are made available through Morningstar's ...