Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 511 - 520 of 5900 results for "Second"

State Street receives Shariah-compliant certificate

MATTHEW WAI  |  FRIDAY, 16 AUG 2024
... Shariah-compliant financial solutions." According to the Australian Custodial Services Association, State Street is now the second-largest custodian in Australia. As at 30 June 2024, it had $834 billion total assets under custody on behalf of local investors ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... on the rankings, growing its total assets under custody by 11% to $1.2 trillion. Meantime, State Street has climbed to second place with $834 billion, surpassing Citigroup's $818.95; they saw growth of 10.9% and 2.7% in the first half, respectively. ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... despite life insurers being the largest provider of financial support to those struggling with mental health episodes, second only to the federal government. More than 91,000 Australians have received more than $12 billion in financial support from life ...

Assembly Funds Management seeks $100m

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
Assembly Funds Management (AFM), backed by the Lowy family, is seeking to raise about $100 million in re-opening its second property fund. Australian Diversified Property Fund 2 (ADPF2) is rattling the tin for the second time after it completed its ...

AMP sells advice licensees to Entireti, AZ NGA

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2024
... through cash with the balance being the stake in NewCo. AMP expects to book a $30 million loss on the transaction in the second half. In addition to legal, transaction and separation costs, AMP said this also accounts for incentives being paid to some ...

Pinnacle FUM soars 20%, introduces new boutique

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... billion. Pinnacle managing director Ian Macoun said: "Following the extremely challenging market conditions we faced in the second half of FY22 and across FY23, there was something of a recovery, at least in headline market returns, during FY24, as inflation ...

Private capital fundraising remains in the doldrums: Preqin

ANDREW MCKEAN  |  THURSDAY, 1 AUG 2024
... report by Preqin. However, there is a silver lining as fundraising for APAC-focused private equity funds increased in the second quarter of 2024, climbing to $14.8 billion from $11.5 billion in the previous quarter. Asia-regional funds, in particular ...

New shadow assistant treasurer's vision for advice, super

ANDREW MCKEAN  |  WEDNESDAY, 31 JUL 2024
Shadow Assistant Treasurer Luke Howarth has reaffirmed the opposition unreservedly supports Michelle Levy's Quality of Advice Review (QAR) recommendations and wouldn't go back to the drawing board, at an event hosted by the Financial Services ...

US election outcome tops investor concerns: Natixis

MATTHEW WAI  |  WEDNESDAY, 31 JUL 2024
... investment strategy. The 2024 Strategist Outlook, commissioned by Natixis, showcased the market's sentiment towards the second half of the year from 30 in-house strategists. The survey revealed that two thirds (67%) of the group thinks that the markets ...

The four Ds to watch in the decades to come: La Trobe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JUL 2024
... participants in the market. What we're seeing is the continuing rise of private credit," he noted, describing it as a "second order impact from the Global Financial Crisis." Just recently, and for the first time ever, the amount of passively managed ...