Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 461 - 470 of 7088 results for "June 17"

Active managers find no saviour in dual access products

ANDREW MCKEAN  |  TUESDAY, 29 OCT 2024
Active managers see dual access products as their ticket to a booming distribution channel, amid the ongoing secular decline of the unit trust industry. However, if they're hoping exchange-traded products (ETPs) will be a saviour - or at least a ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
The Compensation Scheme of Last Resort (CSLR) warned the advice sector should brace for an even bigger levy in the 2026 financial year, forecasting a total of $20 million. Financial advisers are set to cough up more than $20 million in FY26, which will ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
ASIC cancelled the AFS Licence (AFSL) of timeshare company Ultiqa Lifestyle Promotions, which has been in trouble in the past for providing bad financial advice. Ultiqa's failure to pay an Australian Financial Complaints Authority (AFCA) determination ...

Jupiter AM awards distribution mandate

KARREN VERGARA  |  TUESDAY, 22 OCT 2024
UK active fund manager Jupiter Asset Management has inked a new distribution partnership as it targets the superannuation sector and attempts to expand in the region. The £51.3 billion ($100bn) investment manager hired Melbourne-based Institutional ...

NZ Superannuation Fund names joint CIOs

KARREN VERGARA  |  TUESDAY, 22 OCT 2024
The New Zealand Superannuation Fund (NZSF) has split the role of chief investment officer, promoting two of its investment professionals to their new posts. Brad Dunstan and Will Goodwin will become joint chief investment officers effective December ...

Praemium FUA up 33% to $60bn

ELIZA BAVIN  |  TUESDAY, 22 OCT 2024
Praemium has reported its funds and flows for the September quarter, with funds under administration growing 33% to $59.4 billion. In addition, quarterly net inflows came in at $139 million - this was a major improvement from the $414 million in outflows ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
Regal Partners has been indicted by the South Korean securities watchdog after a former employee allegedly breached the country's tough short-selling rules. The Korean Prosecutor's Office issued an indictment against Regal and its former employee ...

Mandate appointments sink to new lows

ANDREW MCKEAN  |  THURSDAY, 17 OCT 2024
The number of mandates awarded by not-for-profit (NFP) super funds and investment managers has spiralled into freefall, according to the latest Rainmaker Information research. NFP super funds and investment managers made 76 mandate appointments in the ...

High-profile Tribeca manager sets up shop

KARREN VERGARA  |  MONDAY, 14 OCT 2024
Tribeca Investment Partners portfolio manager Jun Bei Liu is taking her top-performing $1.5 billion long-short equity fund to set up a new shop. Liu is effectively taking the Tribeca Alpha Plus Fund in a management buyout with the "blessings" of Tribeca ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
Australia's investment management market continued its upward climb, reaching $3.4 trillion by the end of June, recording annual growth of 8.8%, according to Rainmaker Information. Consolidated assets, which represent headline funds under management ...