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Showing 4371 - 4380 of 21914 results for "Fund."

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
The former chief executive of MFS Group - later known as Octaviar - has been declared bankrupt after he failed to pay a penalty to ASIC of $300,000. The Federal Court made the order against Michael Christodoulou King based on the unpaid penalty even ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
Treasurer Josh Frydenberg announced reforms to proxy advice which includes forcing superannuation funds to disclose detailed voting records. Super funds exercising voting rights on behalf of their members will need to be more transparent with their ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
Magellan Financial Group has lost a key mandate from UK wealth manager St James' Place. After requesting a trading halt Friday afternoon, this morning Magellan confirmed to the ASX that it had lost the mandate from St James' Place. The company's share ...

AMP Capital snaps up malls in $760m deal

CHLOE WALKER  |  MONDAY, 20 DEC 2021
... Macquarie Centre in suburban Sydney, in separate deals totalling approximately $760 million. AMP Capital Shopping Centre Fund (ASCF) bought an additional 25% stake in Macquarie Centre for $422.5 million, while AMP Capital itself, together with UniSuper ...

EISS Super finds merger partner in Cbus

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
Cbus has come to EISS Super's rescue, after the latter was directed by APRA to merge as soon as possible. Cbus and EISS Super have signed a Memorandum of Understanding to complete a merger next year, with Cbus chief executive Justin Arter saying ...

Firetrail Investments launches global equity fund

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
The new fund is led by Patrick Hodgens, James Miller, and Justin Gray, who have worked together for more than 15 years running high conviction investment strategies. The Firetrail S3 Global Opportunities Fund aims to outperform the MSCI Global Index ...

Plato readies new ESG strategies

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
The Pinnacle boutique is understood to be pitching two new ESG equities offerings to institutional investors. Financial Standard understands that Plato Investment Management has been meeting with institutional investors in recent weeks to discuss its ...

ISPT takes stake in property fund manager

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... alleged involvement in providing bad advice to retail clients who invested in its ASX-listed US Masters Residential Property Fund (URF).

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
Not long after Labor suggested it would not require older financial advisers to get degrees, the Liberal party has now backflipped on education standards to match Labor's policy. Minister for superannuation, financial services and the digital economy ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
The annual MySuper heatmap shows 45% of products delivered returns below benchmark this year but there are few surprises, with most being the same products that failed the performance test. The regulator has also shared which funds came close to failing ...