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Showing 361 - 370 of 3852 results for "Line"

HUB24 sees profits jump 15%

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... and shareholders." Ord Minnett senior research analyst Nicolas Burgess said while the results were positive, they were in line with market expectations. "HUB's FY24 result looks in line with consensus but lacks the operating leverage to get the market ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

Global X names head of portfolio management

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... appointed Chris Wolak as head of portfolio management, commencing in October. Wolak will oversee the company's ETF product line-up across equities, fixed income, commodities, and digital assets, which represents over $7.6 billion in assets under ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... private equity as an extension of shares," Cadzow said. "We're seeing an increasing demand for education from advisers, in line with growing client interest: the opportunities, risks and product structures are generally not as well understood as with ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... through three chief executives since 2021. Russell said he plans further rationalisation for the business to improve the bottom line and build a pipeline of revenue growth opportunities. "Bravura's cost base was unsustainable, and we quickly executed ...

Vanguard, Betashares, iShares neck and neck in battle for inflows

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... off the top 10 ETF issuers by inflows. Magellan, meanwhile, led outflows by a wide margin with $1.56 billion. Next in the line was AllianceBernstein at $185 million, Fidante at $161 million, Perth Mint at $86 million, and Platinum at $82 million. The ...

Iress snags Insignia Financial executive

ELIZABETH FRY  |  FRIDAY, 9 AUG 2024
Iress, the advice software provider, has appointed a new executive to run its superannuation business, hiring from Insignia Financial. Sam Wall has over 25 years' experience in superannuation, investments, wealth and insurance, leading teams across ...

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
UK regulators have proposed rules for a new 'Value for Money' framework for default workplace defined contribution pension schemes, which has been likened to an "evolved version" of the APRA performance test. The joint framework, developed by the Financial ...

BNP Paribas in talks to buy AXA Investment Managers

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2024
... assets under management of close to $2.5 trillion (€1.5 trillion). AXA said divesting the asset management business is in line with its simplification strategy, as it looks to focus on its core insurance activities. In addition to the $8.5 billion ...

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
... don't want to see complaints where a once salvageable situation has become dire." AFCA will release the final numbers in line with its annual review later this year.