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Showing 501 - 510 of 7091 results for "June 18"

Aussie economy grows 0.2% in June quarter

ELIZA BAVIN | WEDNESDAY, 4 SEP 2024

Australian gross domestic product (GDP) rose just 0.2% in the June quarter 2024 and by 1.5% in the 2023-24 financial year, according to the Australian Bureau of Statistics (ABS). ABS head of national accounts Katherine Keenan said: "The Australian economy ...

Australian Ethical locks in new custodian

ANDREW MCKEAN | TUESDAY, 3 SEP 2024

Australian Ethical will transition its custody and investment administration to State Street. The investment manager said its investment focus will be the delivery of "key inflight projects" in FY25, including the transition to State Street as its current ...

Count reports strong results on back of Diverger acquisition

ELIZA BAVIN | FRIDAY, 30 AUG 2024

Count saw revenue growth of 22% for the full year ending June 30 to $111.8 million, driven by both organic growth and acquisitions. EBITA was $10.19 million reflecting $4.97 million while underlying EBITA grew 61% to $16.63 million both primarily driven ...

Platinum outflows drag performance

KARREN VERGARA | FRIDAY, 30 AUG 2024

Persistent outflows cost Platinum Asset Management dearly in the last financial year as it hopes its new business unit, the Platinum Partner Series, will improve returns and stabilise flows. The 30% decrease in funds under management (FUM) to $13 billion ...

J.P. Morgan lands custody services mandate with industry fund

ANDREW MCKEAN | THURSDAY, 29 AUG 2024

J.P. Morgan has been appointed as the new custodian for Vision Super, replacing NAB Asset Servicing. The investment bank said that it's completed the transition of the $13.8 billion industry super fund, which is set to merge with Active Super on 1 March ...

Cairns resurfaces at Associate Global Partners

KARREN VERGARA | WEDNESDAY, 28 AUG 2024

Former Magellan Financial Group chief executive Brett Cairns has popped up on multi-boutique Associate Global Partners' (AGP) board. Cairns, who led Magellan from 2018 and 2021 when he departed for personal reasons, is officially a non-executive ...

Former Brisbane adviser found guilty of fraud again

MATTHEW WAI | MONDAY, 26 AUG 2024

A former financial adviser who won a retrial after being convicted of fraud in 2019 has once again been found guilty of misleading clients to invest their retirement savings in a single abalone farm that went bust. Former Brisbane financial adviser ...

Praemium revenue grows to $85m

ELIZA BAVIN | MONDAY, 26 AUG 2024

Praemium released its full year results, flagging a 12% increase in revenue to $84.9 million for the year ending June 30. Praemium said underlying expenses rose to $61.3 million, up 20% on FY23, due to increased IT and risk mitigation costs. "The latter ...

AOF sells another asset, flags delisting

KARREN VERGARA | FRIDAY, 23 AUG 2024

Australian Unity Office Fund (AOF) continues to empty its portfolio, offloading another asset as the REIT faces an uncertain future. AOF is set to offload 64 Northbourne Avenue, Canberra for $21.2 million to an unnamed buyer, 10% cheaper than its June ...

Pacific Current sees profits up 24%

ELIZA BAVIN | FRIDAY, 23 AUG 2024

Pacific Current Group (PAC) saw funds under management grow 18% to $42.5 billion for the full year ended June 30. Boutique Contributions, ex mark-to-market adjustments, grew 16% driven by a 23% growth in management fee-related revenues. In addition ...

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Global X awards mandate for ETF business

ELIZA BAVIN | 12:33PM

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA | 11:56AM

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI | 11:09AM

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA | 12:20PM

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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