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Showing 4991 - 5000 of 29064 results for "PRI"

Ministers told to divest shareholdings

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
Under a new code of conduct introduced by Prime Minister Anthony Albanese, federal ministers must divest any direct investments held outside of a public superannuation fund, listed managed funds and some trust arrangements. The code of conduct for ministers ...

Aware Super invests in $100bn energy opportunity

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
Aware Super has made a cornerstone investment into North Harbour Clean Energy. North Harbour Clean Energy has priced the investment opportunity at $30 billion and $100 billion over 2030 and 2050 horizons respectively. This determination is based on ...

New chief executive at Industry Fund Services

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
Cath Bowtell has handed over the reins after almost six years as chief executive of Industry Fund Services. Bowtell has stepped down as chief executive, the position she's held since December 2016, and taken over as chair of the Industry Fund Services ...

Magellan FUM drops again

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
The fund manager's latest update shows its funds under management have dipped to $61.3 billion. Magellan said the changes reflected market movements and outflows. Over the June quarter Magellan saw outflows of $5.2 billion - $1.7 billion from the ...

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
The government's Treasury review into the operation of the Your Future, Your Super (YFYS) laws and MySuper performance tests has had a mixed reception. Assistant treasurer and minister for financial services Stephen Jones said the government is ...

Sri Lanka announces bankruptcy

CHLOE WALKER  |  FRIDAY, 8 JUL 2022
Sri Lanka's debt-laden economy has collapsed, and its newly elected prime minister has announced bankruptcy as the island nation suffers its worst financial crisis in decades. Due to the crisis, the country has seen severe shortages of necessities like ...

Growth scare likely during second half of 2022: Report

CASSANDRA BALDINI  |  FRIDAY, 8 JUL 2022
Global activity is already slowing, as central banks continue to indicate that a further deceleration is needed to lower inflation, report said. According to UBS Asset Management's Panorama mid-year outlook, titled Inflation: Rising to the Challenge ...

Forrest family hires former ART portfolio manager

ELIZABETH FRY  |  FRIDAY, 8 JUL 2022
Bruce Tomlinson has joined Andrew and Nicola Forrest's Minderoo Foundation as investment director after recently leaving Australian Retirement Trust. In the new role, the former ART portfolio manager will report to John Hartman, the chief investment ...

Australian Retirement Trust records -0.96% return

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
Australian Retirement Trust's default option returned -0.96% last financial year, which it says is a good outcome given the current environment. The $200 billion fund said it is happy with the result, as market commentators were predicting an average ...

Julia Lee pops up at State Street

ELIZABETH FRY  |  FRIDAY, 8 JUL 2022
Julia Lee, one of Australia's most popular financial commentators, has landed at State Street Global Advisors SPDR as an equity investment strategist for the Asia Pacific. Lee - who joins from Burman Invest, which she founded and served as investment ...