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Showing 391 - 400 of 5152 results for "REST"

Bull market buoys super funds' 2024 returns

MATTHEW WAI  |  WEDNESDAY, 8 JAN 2025
... balanced options. Rest's default option made a 11.19% return for 2024, the second consecutive year of positive returns. Rest said the strong performance is largely the result of its investments in local and international equities. Notably, the fund ...

Traders left scrambling over ASX settlement outage

MATTHEW WAI  |  MONDAY, 23 DEC 2024
The Australian Securities Exchange (ASX) suffered another glitch last week that disrupted two days' worth of trades. The ASX said it detected a "technical issue" on its CHESS Batch Settlement last Friday, forcing trade settlements on December 18 ...

What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
Mergers, corporate fund closures and executive moves were the major motifs for Financial Standard readers this year. Unsurprisingly, further consolidation in the superannuation sector was a major driver of audience interest this year with a number of ...

Rest nabs culture leader from Aware

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
Rest Super has recruited two experienced hands to drive the fund's strategic focus on workplace culture and employee experience. Amy Matthews has been appointed general manager of organisational capability & people experience, while Kama Ghosn joins ...

Schroders shutters local private debt arm

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2024
Schroders has confirmed its Australian private debt division will close, saying its efforts are better directed elsewhere. Schroders Australia is terminating its local private debt strategy, which was launched in 2020 when it established its private ...

Rest appoints two general managers

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
Rest has appointed two general managers to propel its strategic focus on workplace culture and employee experience. Amy Mathews, who was formerly head of organisational development at Aware Super for eight years, has been appointed general manager of ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI  |  MONDAY, 16 DEC 2024
ASIC has launched legal proceedings against HSBC Bank Australia in the Federal Court, alleging the latter failed to "adequately protect customers", resulting in losses of about $23 million through nearly 1000 unauthorised transactions. ASIC said the ...

TPG co-founder David Bonderman dies

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2024
David Bonderman, the co-founder of global alternatives investor TPG, passed away this week. Bonderman, affectionately known as 'Bondo' to many, was also founder of Wildcat Capital Management, the Bonderman family office, and owner of National Hockey ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... insolvency system in Australia, where a parent company can walk away from a subsidiary and leave the resultant problems for the rest of the financial advice sector to pick up. In our view there are fundamental flaws in the design of the CSLR and we have ...

RBA 'paves way' for February rate cut

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
The Reserve Bank of Australia (RBA) surprised no one by leaving the official cash rate on hold at 4.35% at its final meeting of the year. While this was the ninth consecutive month the central bank has kept the cash rate steady, the decision was met ...