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Showing 331 - 340 of 4594 results for "RAISE"

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
Insurers will no longer be able to use genetic test results in life insurance underwriting, with a total ban to be introduced by the government. Earlier this year, the government consulted on the use of genetic test results in underwriting life insurance ...

Mercer Super reorganises leadership, chief executive changes roles

ANDREW MCKEAN  |  WEDNESDAY, 4 SEP 2024
... "Since I started my career, I have always been passionate about delivering exceptional member service and transforming how we raise the bar at every opportunity for our clients and members."

ClearBridge launches new ESG fund

MATTHEW WAI  |  WEDNESDAY, 4 SEP 2024
... according to a recent study from Preqin. According to its Alternatives in APAC 2024 report, ESG funds have struggled to raise capital, with APAC ESG funds taking the most significant blow, dropping 77% in aggregate capital raised last year. The rate ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
Former Courtenay House director Tony Iervasi has been sentenced to prison for 11 years, with a non-parole period of seven years, for his involvement in one of the nation's biggest Ponzi schemes. Between 13 December 2010 and 21 April 2017, Iervasi ...

Australia a 'regional private wealth hotspot': Preqin

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... managers, however," the report said. Therefore, it may be prudent to build a track record in other regions before attempting to raise in APAC, it said.

Investment firm becomes cornerstone investor in Finexia

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
Investment firm Factory Capital has become a cornerstone investor in Finexia Financial Group through a $3.73 million private placement subscription. The deal comprises the purchase of 12.46 million Finexia shares at $0.30 each, a 20% premium over its ...

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
BUSSQ will challenge what it calls "unnecessary and potentially impractical" licence conditions imposed by APRA, which were sparked by allegations of serious misconduct within the CFMEU and concerns about its potential impact on the super fund. The ...

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... This represents a 9.3% premium to the last close price of $0.375 on August 22. Raiz will undertake a share purchase plan to raise a further $2 million, also issued at $0.41 per share. Raiz said the money will be used to build out its artificial intelligence ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... its markets business. The regulator acknowledged that ANZ has launched investigations into the issues, but said they still raise prudential concerns that the bank has not adequately addressed deficiencies in controls, risk culture, governance, and accountability. ...

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
Zenith Investment Partners head of asset allocation Damien Hennessy said the looming risk of a recession in the United States has spurred some investment changes. Hennessey said the weaker-than-expected July jobs report in the US raised concerns of ...