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Showing 5121 - 5130 of 10705 results for "May 2012"

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 1 JUL 2016
Australia private sector credit The latest update on Australia's private sector credit provides a first look at the impact of the Reserve Bank of Australia's (RBA) cut in the official cash rate from 2.0% to 1.75% on the 3rd of May. Total private sector ...

HFA CFO departs after a month

ALEX BURKE  |  THURSDAY, 30 JUN 2016
The chief financial officer of ASX-listed hedge fund portfolio management holding company HFA is departing after a month at the firm. Henry Capra joined HFA in May as CFO and company secretary. Most recently he was head of custody and fund services ...

Legg Mason bond trust upgraded

MARK SMITH  |  THURSDAY, 30 JUN 2016
The Legg Mason Australian Bond Trust has been upgraded by Zenith to 'Highly Recommended'. The trust is managed by Legg Mason's largest affiliate fund manager, Western Asset Management, a fixed income specialist with $US436 billion under management. ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 30 JUN 2016
... Though still healthy, the annual growth rate in personal income has slowed from 4.6% in March to 4.4% in April to 4.0% in May - the slowest rate since March last year. Consumer spending rose by 0.4% in the month of May - as expected - following an outsized ...

Report finds fresh barriers to funds management exports

MARK SMITH  |  WEDNESDAY, 29 JUN 2016
There has been very little progress in removing barriers preventing the export of Australian financial services seven years after the release of the Johnson report. Now a new survey of fund managers reveals the situation could even be worse than before ...

ASIC threatens SMSF auditors with cancellation

MARK SMITH  |  WEDNESDAY, 29 JUN 2016
Nearly 200 SMSF auditors will have their registrations cancelled if they do not lodge outstanding annual statement and fees by 22 July. While most of the 811 auditors ASIC contacted by email, letter and telephone with outstanding fees and documents ...

ASIC cancels AFSL of liquidated firm

KERRIE SYDEE  |  WEDNESDAY, 29 JUN 2016
ASIC has cancelled the Australian financial services licence (AFSL) of a Queensland based financial services firm. The cancellation was made at Avamode Financial's request, after the company was placed into liquidation on 4 May 2016. The AFSL cancellation ...

UniSuper creates member comparison tool

DARREN SNYDER  |  WEDNESDAY, 29 JUN 2016
UniSuper is further tapping in to the superannuation industry's increasing demand for financial advice and retirement planning by launching an online member comparison tool. Going live at UniSuper this week, the Compare me tool allows fund members to ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 29 JUN 2016
US GDP The Bureau of Economic Analysis' (BEA) third estimate of the US economy showed that real GDP grew at an annualised rate of 1.1% in the first quarter of this year. This is higher than market expectations for a 1.0% growth and an upgrade from the ...

Keybridge exits funds management business

ALEX BURKE  |  TUESDAY, 28 JUN 2016
Keybridge Capital has entered into a binding agreement to sell its funds management business. Seventh Orion, a company registered with ASIC on June 22, will purchase Aurora Funds Management for $1.8 million. Keybridge bought the firm for $4.3 million ...