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Showing 391 - 400 of 3659 results for "Maintain"

BlackRock lowers fees on two funds

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
BlackRock has lowered the management fee on the Australian Alpha Tilts Fund and the Advantage Australian Equity Fund, effective October 1. For the Australian Alpha Tilts Fund, the management fee charged in the S Class of the Fund was reduced from 0.29% ...

HMC Capital makes $2bn acquisition

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
... the acquisition, HMC is undertaking an equity raising of $300 million. HMC said this is consistent with its strategy to maintain a strong and flexible balance sheet and actively recycle capital. It hopes to achieve a group wide ROE of 20%+. Global Switch ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... infrastructure for the new submarine construction yard in Port Adelaide. Between 4000 to 5500 jobs in the state will build and maintain them. John Quiggin, a professor of economics at the University of Queensland, told a recent Financial Standard podcast ...

IMF issues stark inflation warning for Australia

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
The International Monetary Fund (IMF) has revised its inflation predictions for 2025, upping Australia's consumer price index expectations from 2.8% to 3.6%. In its World Economic Outcomes report, the IMF predicted Australia would be one of two advanced ...

Dinimus appoints new head of distribution

ANDREW MCKEAN  |  TUESDAY, 22 OCT 2024
Private credit fund manager Dinimus has filled its newly created head of distribution role. The firm, which is focused on corporate lending in Australia and New Zealand, has hired Nigel Credlin, who most recently served as a partner and wealth advisory ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
AMP has given a positive Q3 market update with its platforms business seeing $750 million in net cashflows, up 76%. In addition, MyNorth inflows from independent financial advisers were up 47% for the quarter to $832 million. This has brought platform ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
... cancel a party's licence. Further, ASIC works with AFCA to identify members that do not comply with their obligation to maintain their AFCA membership; if an entity is expelled from the scheme or requests to withdraw membership, AFCA must notify ASIC ...

ASIC cancels fewer AFSLs in FY24

KARREN VERGARA  |  FRIDAY, 11 OCT 2024
... ASIC is currently building a new digital portal for AFSLs and applicants to make it easier and efficient to apply for, maintain, and vary their licence. It is due to go live in early 2025.

MFF Capital Investments to acquire Montaka Global Investments

ANDREW MCKEAN  |  TUESDAY, 8 OCT 2024
MFF Capital Investments has flagged its intention to acquire Montaka Global Investments in a bid to sharpen its "research focus and capabilities". The acquisition is expected to be finalised by early 2025, pending final agreements. Montaka Global's ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... the integrity of Australia's markets. This is an important case that confirms how critical continuous disclosure is to maintain market integrity." The court also ordered ANZ to pay ASIC's costs. In a statement ANZ said it "acknowledged the decision of ...