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Showing 341 - 350 of 4873 results for "FAR"

Channel Capital launches European Private Credit Fund

ANDREW MCKEAN  |  TUESDAY, 20 AUG 2024
... services, operations, client services, and distribution and marketing. Channel Capital co-head of distribution Luke Mandekic said far from being a niche asset class, European private credit offers exposure to a deep pool of leading global businesses. ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
RBC Capital Markets and BNY Mellon are among the firms that will collectively pay a whopping US$390 million ($589m) to the Securities and Exchange Commission (SEC) for recordkeeping failures. RBC Capital Markets will pay US$45 million ($68m) while BNY ...

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... period. While Magellan said it feels outflows have now stabilised, citing the $2 billion it added in July, it still remains a far cry from the $104 billion it had four years ago. "Net flows have continued to stabilise in both retail and institutional ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... statement was echoed by deputy governor Andrew Hauser while addressing the Economic Society of Australia on Monday, going as far as calling those claiming to know-it-all "false prophets". Bendigo Bank's chief economist David Robertson supports the ...

Independent MPs call for super reforms

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
Independent MPs have called for urgent amendments to the Better Targeted Super Bill, particularly regarding the proposed taxation of unrealised gains. The controversial legislation introduces a 30% tax rate for superannuation earnings exceeding $3 million ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... Australian-domiciled investments, which increased 3%. However, ACSA pointed out that some individual custodians fared better than others so far this year. J.P. Morgan has retained its top spot on the rankings, growing its total assets under custody by ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... their financial future now more than ever," CALI chief executive Christine Cupitt said. "Australia's safety nets are stretched far too thin, and people are increasingly worried about falling through the cracks. Life insurers have a critical role to play ...

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2024
The ASX-listed companies have poured $80 million into a new Australian carbon credits fund from Silva Capital. The Silva Carbon Origination Fund is one of the first funds in Australia to invest in large-scale, high-integrity Australian Carbon Credit ...

First Sentier farewells senior portfolio manager

ELIZABETH FRY  |  MONDAY, 12 AUG 2024
First Sentier Investors' high-profile small companies team has lost one of its longest-serving members. The small and mid-cap fund group led by Dawn Kanelleas has farewelled senior portfolio manager Pavlos Totsis. Totsis - along with Kanelleas and ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... whether equal board representation governance structures continue to be in the best interests of members, with some going so far as to perceive the current model as archaic. More sympathetically, John Myers, the founder of boutique management consultancy ...