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Showing 451 - 460 of 7104 results for "December"

GDP edges higher, but for how long?

ELIZA BAVIN  |  WEDNESDAY, 5 MAR 2025
Australian gross domestic product (GDP) rose 0.6% in the December quarter 2024 and 1.3% through the year, according to the Australian Bureau of Statistics (ABS). "Modest growth was seen broadly across the economy this quarter. Both public and private ...

BNP Paribas wins new custody mandate

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... Services Association (ACSA) shows BNP Paribas' total assets under custody rose 12.2% to $540 billion in the six months to December last year. Over the period, it secured a $4.4 billion mandate from The University of Sydney Endowment Fund and, in late ...

Insignia Financial takes $53.5m profit hit

ELIZA BAVIN  |  TUESDAY, 4 MAR 2025
... $53.5 million. Insignia recognised the derivative financial liability of $37.7 million in relation to the ARA as at 31 December 2024. The wealth manager confirmed the remaining $15.8 million fair value adjustment will be recognised in Insignia's second ...

Freezing order slapped on First Guardian Master Fund, Falcon Capital

KARREN VERGARA  |  MONDAY, 3 MAR 2025
... also ordered to surrender his passport and prevented from leaving Australia. Keystone was ordered into liquidation last December. Since February 2022, more than $480 million may have been invested in the Shield Master Fund from about 6000 investors. ...

State Street expands global custody footprint

MATTHEW WAI  |  MONDAY, 3 MAR 2025
... expertise." Notably, State Street's assets under custody for Australian investors swelled by 20.8% in the six months to the December end 2024, surpassing $1 trillion in total assets under custody according to data from the Australian Custodial Services ...

Clime Investment Management lands new strategic partnerships

ANDREW MCKEAN  |  FRIDAY, 28 FEB 2025
... to its improving distribution capabilities but kept the finer details under wraps in its ASX half-year results to 31 December 2024. The company reported an operating profit of $406,000, up 137% from the prior corresponding period, crediting the gain ...

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
... profit took a blow with its underlying net profit after tax (UNPAT) down 22% to $15.2 million in the six months to 31 December 2024, saying the slump was due to an "aberration" in the claims experience in the first quarter of FY25. Meanwhile, its group ...

GDG sees profits soar $74m

ELIZA BAVIN  |  FRIDAY, 28 FEB 2025
Generation Development Group (GDG) saw net profit after tax jump to $78.9 million in the half year to December 31, up from $4.4 million in the prior corresponding period. The massive jump in profit comes after GDG completed its acquisition of Lonsec ...

Australian Ethical delivers strong half-year results

MATTHEW WAI  |  THURSDAY, 27 FEB 2025
For the half-year ending 31 December 2024, Australian Ethical reported its net profit after tax (NPAT) increased by 50% to $9.3 million. The underlying profit after tax (UPAT) was up 35% to $11.5 million, and as previously mentioned, the ethical manager ...

Court acts against two with links to Shield Master Fund

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
... Australia. Merhi was one of the financial advisers that recommended his clients invest in the Shield Master Fund. In December 2024, Keystone Asset Management - the responsible entity for the Shield Master Fund - was ordered to be wound up. At that time ...