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Showing 431 - 440 of 8064 results for "Today"

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
Magellan Financial Group will take a stake in Vinva Investment Management, as it reports an increase in profits and stabilised outflows - but it says there's still work to be done. Magellan has announced it is acquiring 29.5% of Vinva Investment ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... portfolios. "With its floating rate nature, the asset class is well positioned to deliver consistent income for investors in today's high interest rate environment. While investor interest has predominantly been in North America and Europe, the APAC ...

State Street names president of investment services

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... insights, breadth of experience, and client focus distinguish him and will best position State Street to support our clients today and into the future," State Street chair and chief executive Ron O'Hanley said. "He has been instrumental in driving our ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... $608 million and raised its full-year dividend by 10% to 26.5 cents per share fully franked, in its FY24 results released today. The financial services group said its NPBT result was driven by an ongoing strong performance in Challenger Life - its retirement ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... practices joined WTL, adding about $5 billion to funds under advice (FUA). The WTL advice networks, which also comprises Wealth Today, Sentry Advice, Synchron Advice, had more than $23 billion in FUA at the end of 2023. "We've remained confident ...

Another chair for Sequoia

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... The leadership tumult at Sequoia Financial Group continues as it appoints another chair in less than four months. Sequoia today announced that Mike Ryan is its new non-executive chair, replacing Charles Sweeney who assumed the role on April 18. The board ...

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... Michele Bullock said the case for an interest rate cut in the near-term was not a likely scenario. "Based on what I know today and what the board knows today, what we can say is that a near-term reduction in the cash rate doesn't align with the board's ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... major sell-off has all but confirmed that the Reserve Bank of Australia (RBA) is likely to keep interest rates on hold at today's meeting. "A positive for traders out of Monday's carnage: it is now almost certain the Reserve Bank board will not raise ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... exclusions associated with such ESG claims." In a statement, Mercer said: "We accept the Court's decision handed down today regarding five marketing statements that were overly broad. We acknowledge the need for accurate information concerning the ...

'Unrealistic overconfidence' major issue for new advice clients

ELIZA BAVIN  |  FRIDAY, 2 AUG 2024
... barriers to advice are not just price, but largely deep-rooted emotional drivers, like being loss-averse, being focused on today or having an unrealistic overconfidence in financial abilities. Netwealth general manager of marketing Andrew Braun said ...