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Showing 21 - 30 of 56 results for "MIM"

Major super funds caught in fraud scandal

ELIZA BAVIN, JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
Several of Australia's largest superannuation funds were targeted by an online fraud syndicate which siphoned millions from share-trading and super accounts. A Melbourne woman appeared in court yesterday after allegedly taking part in an online ...

Publisher slammed for Future Fund claim

HARRISON WORLEY  |  MONDAY, 2 SEP 2019
A publishing house that claimed investors could mimic the performance of the Future Fund has been slapped with a $600,000 fine by the Federal Court. Online publishing company Port Phillip Publishing (PPP) has been ordered to pay a $600,000 penalty by ...

Active managers overcharge: Research

KANIKA SOOD  |  TUESDAY, 28 MAY 2019
Most active Aussie equity funds should be charging between 35 and 65bps as a significant chunk of their returns can be attributed to factors instead of skill, according to new research by VanEck. This may come as a surprise for investors and financial ...

Macquarie expects profit jump

KANIKA SOOD  |  TUESDAY, 12 FEB 2019
... committee. A third appointment, made on January 14, sees Macquarie Group's US country head Shawn Lytle take on the role of MIM's global head (he was previously the deputy). This follows previous MIM global head Ben Bruck's move to MIM's executive chairman. ...

Chatbots will move from consumer finance to corporate: BAML

KANIKA SOOD  |  TUESDAY, 23 OCT 2018
Bank of America Merrill Lynch believes chatbot technologies could have applications in the wholesale and corporate side of banking as customers demand better ways to interact. Speaking at a SIBOS session in Sydney, Bank of America Merrill Lynch treasury ...

Investec unveils succession plan

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2018
Three of Investec's founding members will step down from their respective roles 40 years after establishing the South African bank and investment management firm. Investec Group chief executive Stephen Koseff, managing director Bernard Kantor, and risk ...

SSGA dismisses ETF bubble concerns

ALEX BURKE  |  WEDNESDAY, 22 NOV 2017
State Street Global Advisors US head of capital markets David LaValle believes the concerns regarding ETFs causing valuation distortions in equity markets are founded in some fundamental misunderstandings about these investment vehicles. Speaking as ...

Fatigue and profit-based incentives driving risk culture

JAMIE WILLIAMSON  |  THURSDAY, 10 AUG 2017
Unreasonable levels of work and a need for greater automation of processes could be to blame for heightened risk culture in the financial services sector, according to FINSIA. The industry body's analyses of a study conducted by Macquarie University ...

Macquarie cops fine over van Eyk

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... Blueprint International Shares Fund (VBI Fund). On Tuesday, the NSW Supreme Court ordered Macquarie Investment Management (MIM) to pay $400,000 to the corporate regulator and also contribute $200,000 towards ASIC's legal fees. As the responsible entity ...

ASIC takes Macquarie to court over van Eyk fund

ALEX BURKE  |  THURSDAY, 23 JUN 2016
ASIC has commenced proceedings against Macquarie Investment Management in the Supreme Court of New South Wales. ASIC's legal action relates to Macquarie's role as the responsible entity for the van Eyk Blueprint International Shares Fund and $30 million ...