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Showing 401 - 410 of 4451 results for "October"

Magellan advances MGF conversion to open class

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... the fund's responsible entity, Magellan Asset Management has advanced the conversion process since it was flagged in October of last year, in a bid to address MGF trading at discount to its net asset value (NAV) per unit. Despite MGF being a closed ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... Formerly, Sweeney was the sole director of Sweeney Insurance Services which was authorised from 17 November 2014 to 8 October 2018. Subsequently he was the sole director of Swinsure which was authorised from 1 July 2020 to 30 July 2020. On 21 December ...

Australian Food Super closes failed investment option

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... and is also considered very high risk, with the estimated probability of a negative return in 6.3 of every 20 years. In October last year, Australian Meat Industry Superannuation Trust - also known as AMIST Super - decided to rebrand as Australian Food ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... financing risk, including the ongoing AML/CTF risks of doing business with those customers. The Zonia class action began on 9 October 2017, whilst the Baron class action started on 2 July 2018. ASX-listed Omni Bridgeway (formerly IMF Bentham) funded ...

Former APRA chair joins ASX board

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... systems board and was a member of the Australian Council of Financial Regulators. Byres stepped down as APRA chair in October 2022 after holding the role for eight years. The appointment comes as Roche continues the program of board renewal. Since taking ...

Chief member officer leaves Insignia Financial

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAY 2024
... consultant rejoined Russell as head of Australia and New Zealand in 2013 before being promoted to regional head. Last October, she stepped down after 17 years at the firm. Commenting on the appointment, Insignia chair Allan Griffiths noted Hampshire's ...

LIT delisting simplifies Forager: CIO

KARREN VERGARA  |  TUESDAY, 23 APR 2024
... average discount of more than 14% to net asset value in the six months before it announced the intention to delist last October. It was trading a $1.48 per share at the time of writing, peaking about at $2.09 in 2018. FOR has returned 19.8% in the last ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... financial services efficiently, honestly and fairly and as a result it has become liable for a substantial penalty." Between October 2016 and October 2019, Hopkins made 167 unauthorised transactions on 13 of his clients' cash management accounts via ...

Netwealth's share price rises following strong inflows

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... across all segments. The group also flagged that founder Michael Heine, who stepped back from day-to-day management in October 2022 to become an executive director will now transition to a non-executive director role as he approaches his 75 th birthday. ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... issued civil penalty proceedings against wholesale licensee Lanterne Fund Services, alleging that between March 2019 and October 2021 it failed to comply with six of the obligations of AFSL holders. ASIC's beliefs were backed by the Federal Court, which ...