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| | | ... transaction. The initial public offering is for 175 million units at $2 each, to raise $350 million. General offer will close on 2 May and Gryphon is hoping to list the trust on the ASX by 18 May. |
| | | | Contango Asset Management entered into an agreement to acquire all remaining equity in Switzer Asset Management and has appointed a chief executive. Contango currently owns 46.25% of Switzer AM. Consideration for the remainder will be 7,166,667 CGA ... |
| | | | ... business and recognise their area of expertise...We also continue to seek a sensible solution for older advisers who are close to retirement and cannot justify doing an eight subject Graduate Diploma," the AFA said. Meanwhile, the SMSF Association welcomed ... |
| | | | The number of retail online investors in Australia is the highest it's been since the GFC, the latest insight from Investment Trends shows. According to a new report, 645,000 Australians placed at least one share trade last year, compared to just 640,000 ... |
| | | | The Financial Adviser Standards and Ethics Authority released its proposed degree equivalence guidelines for existing advisers, as well as its draft Code of Ethics. Under the proposed requirements, existing financial advisers with a bachelor's degree ... |
| | | | ... auditor to be disqualified this year. Last month, Robert Mark Taylor was disqualified for auditing his own fund and that of a close family member - a move that ASIC said breached auditor independence. |
| | | | ... Fomento de Construcciones y Contratas S.A. (FCC) to purchase 49% of its subsidiary FCC Aqualia. The deal is expected to close in August. The transaction represents IFM Investors' first Continental Europe water company investment and its third globally. ... |
| | | | ... retailers. This is because, the report explained, the valuations suggested by tight credit spreads and very low volatility are close to fully pricing in the "good news" implied by above-trend global growth and "gently rising inflation." Exacerbating ... |
| | | | ... laggards in 2017, with about three-quarters of the small or mid-cap funds underperforming the market. Bond funds came in close with about 70% falling behind the index. Interestingly, the pecking order reverses when calculated over 10 years ending 31 ... |
| | | | APRA will monitor trustees closely as to how they set, assess, and work towards performance goals for their superannuation fund in 2018. APRA deputy chair Helen Rowell said in Canberra recently that trustees will have to set strategic objectives, keep ... |
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