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Showing 4131 - 4140 of 29064 results for "PRI"

Ascent Investment ordered into liquidation

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
The Federal Court has ordered Ascent Investment and Coaching to be wound up following ASIC's investigation into a $149 million Ponzi scheme. ASIC froze the assets of Ascent and its director Michael Dunjey in late December 2021. Dunjey was also forced ...

Eildon rebuffs takeover bid

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
Eildon Capital this morning has rejected the "opportunistic" takeover bid by Samuel Terry Asset Management. ASX-listed Eildon (EDC) said Samuel Terry Asset Management's offer of 93 cents per share represented a 20.5% discount to its net asset value ...

Clime outlines growth focus, wins mandate

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
Clime Investment Management said it will increase investment in its managed accounts capability following strong client demand, while also flagging its first family office consulting mandate. In an update to the ASX, Clime said its total funds under ...

Lonsec nabs Franklin Templeton sales director

CHLOE WALKER  |  MONDAY, 24 APR 2023
Marc Hraiki will join the Lonsec team as its first executive director, adviser sales and service. Hraiki's appointment to the newly created role follows the acquisition of Implemented Portfolios in August last year and the subsequent restructure of ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
Former financial adviser Gavin Fineff has been sentenced to nine years in prison after a court determined he defrauded 12 clients $3.36 million. Fineff, who was working as a representative for Sentinel Wealth when the crimes took place, defrauded clients ...

APAC investors cut PE allocations by 50%

CASSANDRA BALDINI  |  MONDAY, 24 APR 2023
Private equity and venture capital aggregate transaction value fell by 45% in the region, excluding Japan, in the first quarter. According to S&P Global Market Intelligence the drop from last year's US$14.7 billion to US$8.09 billion in Q1 2023 comes ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
CVC has divested a 20% stake in Eildon Capital that will be picked up by another boutique fund manager. ASX-listed CVC announced this morning that it entered into an agreement with Samuel Terry Asset Management to sell its stake so that it can free ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
Mayfair 101's James Mawhinney has seen his High Court appeal rejected, allowing ASIC's case against him to be retried in the Federal Court. In October 2022, the Full Federal Court ordered a retrial after it found ASIC's original case against Mawhinney ...

Finalists announced in 2023 MAX Awards

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
The finalists for the 29th annual Financial Standard MAX Awards have been named, with voting now open until May 5. The Financial Standard MAX Awards highlight individuals, teams and organisations in the financial services industry excelling in the fields ...

PensionDanmark chief executive to retire

CHLOE WALKER  |  FRIDAY, 21 APR 2023
Torben Möger Pedersen, the pension fund's first employee and chief executive, will step down from the role after more than 30 years. Pedersen joined PensionDanmark when the organisation was established in 1992. Beforehand, he served as chief executive ...