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Showing 341 - 350 of 6744 results for "Profit"

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... fund after the end of the relevant period," Justice O'Bryan said. "It is an amount that exceeds Vanguard's annual profit for the whole of its business in FY18 and is similar in amount to Vanguard's annual profit for the whole of its business ...

ART, Perennial back debt collection fintech

MATTHEW WAI  |  TUESDAY, 24 SEP 2024
A local fintech, backed by Australian Retirement Trust and Perennial Partners, has completed a $60 million capital raise. InDebted, a fintech that provides 'personal' debt collection services underpinned by artificial intelligence and machine learning ...

Powerhouse Ventures to acquire Aliwa

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
Powerhouse Ventures (PVL) is set to take over Aliwa Funds Management in a bid to expand into micro-cap investing. The ASX-listed firm entered a binding agreement with Aliwa for a consideration of $500,000 made upfront in an all-scrip deal at $0.04 per ...

Arrowpoint launches new fund

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
Arrowpoint Capital has launched a new private debt fund targeting high-net-worth investors, super funds and SMSFs. It said the decision to launch the fund came from increased demand for capital from businesses outstripping supply. "The supply of capital ...

ECB cuts rates for second time

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
The European Central Bank (ECB) dropped interest rates to 3.5%, the second time it's cut by 0.25% this year. The bank lowered rates on the back of inflation data that met its outlook. It anticipates headline inflation to average 2.5% in 2024, 2.2% in ...

NZ Super Fund shines bright with standout return

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
New Zealand's sovereign wealth fund, NZ Super Fund, posted a herculean return of 14.94% this past financial year, trouncing its peers, according to data provider Global SWF. The fund outperformed its Treasury Bills benchmark - a measure based on the ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... capital into a larger pool of funds to be used to trade foreign exchange products and commodities with the belief they'd profit from doing so. In total, 74 clients gave Sandiford $440,909. Only $6316 was ever paid back to investors. Sandiford was ...

VFMC appoints deputy chair

ELIZABETH FRY  |  TUESDAY, 3 SEP 2024
... Claire Rogers has been appointed non-executive director. Rogers has extensive experience across for-purpose and not-for-profit roles. She is group chair of CEO Mastermind, a former chief executive of World Vision Australia and head of digital banking ...

Clime posts $3.8m loss

ANDREW MCKEAN  |  FRIDAY, 30 AUG 2024
... profits, resulting in a "promising turnaround" for the company's outlook. Clime reported that it's returned to profit and is targeting a minimum $2 million annual operating profit. It said this confidence stems from a "significant reduction in ...

Platinum outflows drag performance

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... International Technology Fund, returning 26% p.a. Platinum closed the books in FY24 with a $45.1 million statutory net profit after tax, which was slashed from $80.9 million year on year. A large chunk, some $20.4 million of expenses related to the turnaround ...