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Showing 5391 - 5400 of 22790 results for "Funds"

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
The corporate regulator continues to hunt down perpetrators that give bad advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's ...

Morphic co-founder joins hedge fund

KANIKA SOOD  |  MONDAY, 22 FEB 2021
... controlling stake in Morphic. Slater left Ellerston a year after the sale. Point72 is one of the world's best recognised hedge funds founded by Steve Cohen. In 2019, it started Australian operations with two pro traders from Goldman Sachs, AFR report ...

PIMCO eyes ETFs

KANIKA SOOD  |  MONDAY, 22 FEB 2021
The fixed income giant is getting ready to list its fixed income funds as active ETFs in Australia. PIMCO, which managed over $52 billion in Australian assets at September end, has so far stayed away from ETFs. It did list nine of its strategies in ...

Industry fund expands leadership team

KARREN VERGARA  |  MONDAY, 22 FEB 2021
... billion superannuation fund has welcomed two members to its executive team, as well as a portfolio manager from Victorian Funds Management Corporation. Sam Horskins is the new chief financial officer at CareSuper, overlooking the statutory and operational ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
... 2020 compared to the previous year. Of these, around 220 were picked up by risk models which resulted in several of the funds being deemed too high risk and stopped from registering. "This resulted in an estimated $126 million in retirement savings being ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... capabilities being reflected in our earnings progress to the half." ME Bank is currently owned by 26 industry superannuation funds, which unanimously endorsed BOQ's offer as recommended by the board. The transaction will be finalised by August and ...

360 Capital fund buys stake in NZ manager

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
... Capital's REIT has acquired a 50% stake in a real estate fund manager. The 360 Capital REIT (ASX: TOT) acquired half of PMG Funds, which is based in New Zealand and has NZ$665 million in total funds under management. The sale price of NZ$17.5 million ...

Netwealth cash margin could squeeze

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
... year as the risk of ANZ Bank renegotiating the rate rises, according to Macquarie. Netwealth had $38.8 billion in total funds under advice at December end. Of this, about 7.2% or $2.8 billion is in cash transaction accounts, on which the firm earns about ...

Woodside results vindicate divestment argument: Activists

ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
Woodside Petroleum's annual results, with a $US4.028 billion net loss for 2020, are food for thought for super funds, according to divestment activists. Several of Australia's largest super funds have significant holdings in Woodside. It appears ...

Mainstream to pay $5.1m settlement

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
... Fundadministration (now Mainstream Fund Services), a New York-based hedge fund administrator, which at the time serviced 140 funds for 45 clients with funds under administration of US$5 billion. The settlement will push the firm's net debt by $4 ...