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Showing 501 - 510 of 5863 results for "July"

AOF sells another asset, flags delisting

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
... looking for buyers in the past year thanks to the office sector rout taking a toll on several real estate fund managers. In July, AOF sold 2-10 Valentine Avenue, Parramatta for $80.5 million at a 6% discount. Settlement is due to occur in March 2025. ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... legislation, those who take paid parental leave will accumulate SG contributions on the income paid by the government from 1 July 2025, at which time the SG rate will have increased to 12%. Those SG contributions will have a nominal interest rate amount ...

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... looming risk of a recession in the United States has spurred some investment changes. Hennessey said the weaker-than-expected July jobs report in the US raised concerns of a potential US recession but said those concerns shouldn't be overblown just yet. ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... prior to it folding. That claim then progressed to the CSLR, which ultimately paid an undisclosed amount to the consumer on July 24. Sequoia Financial Group acquired Libertas in 2019, which had about 23 advisers and $1 billion in funds under management ...

ASIC project foils scammers' operations

MATTHEW WAI  |  MONDAY, 19 AUG 2024
... more than 7300 phishing and investment scam websites. This includes the removal of 5530 fake investment platform scams since July 2023. It has also seen the closure of 1065 phishing scam hyperlinks and 615 cryptocurrency investment scams, the corporate ...

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... prior corresponding period. While Magellan said it feels outflows have now stabilised, citing the $2 billion it added in July, it still remains a far cry from the $104 billion it had four years ago. "Net flows have continued to stabilise in both retail ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... writing, following its results announcement. It will pay a fully franked dividend of 39.3 cents, up 30% from last year. In July, APRA imposed additional licence conditions on Fiducian Portfolio Services Limited (FPSL), the trustee of Fiducian Superannuation ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... point rate cut for the US Federal Reserve. The US presented a modest rise of 20 basis points (3.2%) in its inflation index in July, the lowest level since April 2021. deVere group chief executive Nigel Green suggested the Fed was already behind the curve ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... million, and plans to reinstate dividend payments once sustained profitability is achieved. Andrew Russell was appointed on July 28 as group chief executive to stabilise the firm, which has gone through three chief executives since 2021. Russell said ...

Russell Investments appoints global head of alternatives

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... of alternatives to lead the overall business strategy for the firm's alternatives platform globally. Parra, who joined in July, leads a team of alternatives specialists who incorporate private markets into the firm's solutions business to deliver more ...