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Showing 21 - 30 of 489 results for "Correction"

Court sentences Ponzi scheme promoter

KARREN VERGARA  |  MONDAY, 23 DEC 2024
... country's biggest Ponzi schemes. David Sipina was handed down three years' imprisonment to be served via an intensive correction order after pleading guilty to two charges. In March, Sipina pled guilty to carrying on an unlicensed financial services ...

2025 economic outlook 'threatening': AMP

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... likelihood of a global trade war and ongoing geopolitical issues will likely make for a volatile ride in 2025 with a 15% correction somewhere along the way highly likely," he said. "But central banks still cutting rates with the RBA joining in and prospects ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... current impacted members will be separately notified. In March 2020 the COVID-19 pandemic and the accompanying market correction temporarily wiped out nearly $290 billion from Australia's superannuation sector. Many super funds lost between 10% and ...

Australian equities rise, but global markets preferred: Morningstar

ANDREW MCKEAN  |  MONDAY, 21 OCT 2024
... cash implied that bonds will likely deliver higher returns that cash in case yields fall and cushion any equity market correction. "Australian credit offers a reasonable spread over and above already elevated government yields," Morningstar said.

Platinum outflows drag performance

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
Persistent outflows cost Platinum Asset Management dearly in the last financial year as it hopes its new business unit, the Platinum Partner Series, will improve returns and stabilise flows. The 30% decrease in funds under management (FUM) to $13 billion ...

Pengana losses up 789% in FY24, revenues rise

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... positive bottom-line impact of these activities will come to bear in the 2025 financial year and beyond," Groves said. CORRECTION: A previous version of this story incorrectly claimed Pengana posted a revenue loss of 789%, and has been updated to reflect ...

360 Capital returns to profit in FY24

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... "The start of FY25 is showing signs that we are closer to the bottom of the Australian commercial real estate market correction than the top and particularly in real estate credit investing, the group is seeing risk-adjusted opportunities and starting ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
... an aggregated sentence of two years and six months imprisonment, but she will serve it in the form of an intensive correction order (ITO). The ITO conditions include up to 100 hours of community service. Yuen, who held various roles at BBY, was convicted ...

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... remember that markets had moved sharply higher over the past year and have been vulnerable to a bout of profit-taking or a correction."

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
In a first for ASIC, Libertas Financial Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR). Libertas, which went into liquidation in September 2023, failed ...