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Lumiant receives $3m investment from US wealth manager

CASSANDRA BALDINI  |  FRIDAY, 3 JUN 2022
Lumiant announced it secured a $3 million investment to support its expansion into the US from Savant Wealth Management. Lumiant launched in the US just last month and aims to use its new resources to bankroll rapid expansion in the country. Its chief ...

SEC proposes new disclosure for ESG funds

RACHEL ALEMBAKIS  |  THURSDAY, 26 MAY 2022
... the specific impact(s) they seek to achieve and summarize their progress on achieving those impacts." Further, funds that apply proxy voting or other engagement with issuers as a significant means of implementing their ESG strategy would be required ...

Just 14.8% of hedge fund leaders are female: Report

CASSANDRA BALDINI  |  THURSDAY, 26 MAY 2022
... the clearest and are mildly suggestive of increased performance due to female leadership. In the short term, this didn't apply, and it was a less obvious trend when reviewing the three-year performance indicators. "This is potentially suggestive of Australia ...

BlackRock launches ESG model portfolios

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... covering a range of risk profiles, saying it is making sustainability more affordable. The iShares ESG Model Portfolios apply a multi-asset strategy and invest in iShares ETFs and BlackRock index funds, in what BlackRock says puts them among the most ...

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... same time, some members will begin paying more for death and TPD. The reduction in the dollar-based administration fee will apply to all Cbus members and all members in the Media Super division from July, Cbus said. Their admin fees will drop from $2 ...

UK regulator introduces diversity rules for listed entities

JAMIE WILLIAMSON  |  THURSDAY, 21 APR 2022
... of their board" and they must also break down the composition of their executive team by gender and ethnicity. The rules apply to the reporting period commencing this month and should start appearing in annual reports from Q2 next year. The rules will ...

ASIC imposes travel restraint orders against ex-director

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
ASIC has obtained interim travel restrain orders against Mark Francis McCabe, a former director of Guevara Capital Access and Online Trading Capital. ASIC applied for these orders because it is concerned that from 31 July 2014 and ongoing, McCabe may ...

VFMC,CFA Societies combine to attract more women into investing

ANDREW MCKEAN  |  MONDAY, 11 APR 2022
... female investment talent pool. "The women we engage are motivated to build a career where they can impact big issues and apply their smarts towards purposeful outcomes. Investing for the benefit of people in their state is an appealing career proposition ...

Cryptocurrency lender Helio charged for false credit licence claims

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... Magistrate's Court. In a release, ASIC said that ACLs are required to undertake credit activity and that strict penalties can apply to those who unlawfully engage in credit activities. The matter is being prosecuted by the Commonwealth Director of Public ...

Australia imposes further sanctions on Russia

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
Australia has increased the economic costs to Russia following its invasion of Ukraine, by applying an additional tariff of 35% for all imports from Russia and its ally Belarus. This further sanctioning of Russia will see Australia issue a formal notification ...