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Showing 381 - 390 of 4755 results for "FIX"

Macquarie shutters 30-year-old fund

MATTHEW WAI  |  TUESDAY, 25 FEB 2025
Macquarie Group has terminated the Macquarie Master Capital Stable Fund, claiming the fund does not have "sufficient scale" to remain viable. The bank has commenced the wind-up of the fund's assets and unitholders' share of the net proceeds of the termination ...

PIMCO local managing director to step down

KARREN VERGARA  |  MONDAY, 24 FEB 2025
PIMCO's local head Rob Mead is set to retire after more than 20 years with the fund manager. Mead, who is also the co-head of Asia Pacific portfolio management, has been with PIMCO since 2003. Five years ago, Mead became the head PIMCO's Australian ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
The Federal Court today slapped AustralianSuper with a $27 million fine for dragging its feet on a multiple account bungle that lasted more than four years. Judge Hespe found that AustralianSuper failed to promptly identify and merge members' multiple ...

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA  |  THURSDAY, 20 FEB 2025
... actuarial report "paints an alarming picture" of what the CSLR Levy could look like in 2026-27, if the government does not fix the numerous problems with the scheme. For the 2026 financial year estimate show that there are now 1092 claims relating to ...

Schroders launches new active ETFs

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2025
Schroders Australia expanded its suite of active ETFs today, listing a global equities offering on the ASX and a credit product on Cboe. Schroders now has four active ETFs in market and plans to add further throughout the year. The products launched ...

ASIC proposes further breach reporting relief

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... concerns about improving the usability and efficiency of its portal, reiterating calls for the regulator to take steps to fix this. ASIC's most recent effort to bolster compliance with the reportable situations regime, introduced in December 2021 ...

Macquarie AM expands $300m active ETF platform

MATTHEW WAI  |  WEDNESDAY, 19 FEB 2025
Macquarie Asset Management (MAM) has launched two actively managed fixed income ETFs, bringing its total offerings to seven - four in fixed income and three in equity - with over $300 million assets under management. The Macquarie Global Yield Maximiser ...

RBA delivers 'cautious' cut, road ahead unclear

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2025
The Reserve Bank of Australia (RBA) cut the cash rate by 25 basis points, bringing the official interest rate down to 4.1%. While the cut was widely expected, the RBA was quick to diffuse any hopes of a quick cutting cycle. "A range of indicators suggest ...

Why the RBA should not cut rates

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
Barrenjoey chief economist Jo Masters believes the Reserve Bank of Australia (RBA) should hold off on making an interest rate cut today. Speaking at the Financial Standard Chief Economists Forum in Sydney, Masters said that while the market is pricing ...

Housing construction lags broader economy by 49%: PC

KARREN VERGARA  |  MONDAY, 17 FEB 2025
... affordable housing crisis, a new report from the Productivity Commission reveals. The Housing construction productivity: Can we fix it? report calculates that the number of dwellings completed per hour by housing construction workers has declined by ...