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Showing 5551 - 5560 of 22790 results for "Funds"

Charles Schwab fails consumers, cops fine

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... way of poor recordkeeping, failing to reconcile holdings, and not maintaining a resolution to ensure the timely return of funds in the event of an insolvency. It made a false statement to the FCA claiming that its auditors confirmed that it had adequate ...

Charter Hall buys David Jones flagship

ELIZA BAVIN  |  TUESDAY, 22 DEC 2020
... consistent with the group's strategy. "Namely, securing long WALE NNN leased assets, combining the appetite of our managed funds and partnerships to partner with the Group on high conviction prime real estate acquisitions, co investing group capital ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
... claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds in question have minimum investment thresholds of just $10 and allow investors to redeem their money in as little as ...

Advice firm merges with boutique

ANNABELLE DICKSON  |  MONDAY, 21 DEC 2020
... Services, led by Michelle Tate-Lovery, as part of its growth strategy. Apt Wealth Partners currently has $2 billion in client funds with offices in Sydney, Melbourne and Geelong. All Unified Financial Services staff will join the APT Wealth Partners ...

Lonsec increases allocation to Talaria

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
... Talaria on November 16 as general manager of business after spending more than 15 years at Bank of America Merrill Lynch. Funds under management has grown by about 71% over the last two-and-a-half years to $502 million at the end of June 2020.

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... underperform by more than 75bps. There are 900,000 members with $31 billion in savings stuck in severely underperforming funds. As at June 2020, perennial MySuper underperformers with red ratings over a six-year investment period are: BT Funds Management's ...

Missing Caddick's mansion on the line

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... and that the AFSL of another company may have been used without authorisation. The regulator also alleges that investor funds may have been unlawfully dealt with. Bruce Gleeson and Daniel Robert Soire of Jones Partners were appointed as receivers of ...

Mantis to take over Copper Rock fund

KANIKA SOOD  |  FRIDAY, 18 DEC 2020
... multi-boutique is expected to take over management of a $35 million global equities fund previously managed by Copper Rock. Mantis Funds Management is a nine-month-old business founded by head of research for Morphic Asset Management Timothy Cheung. ...

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... happy holiday period; we look forward to bringing you the news in 2021! The 10 most read stories of 2020 were: 1. Industry funds face reality of COVID-19 shutdown (March 25) As COVID-19 took hold and the reality of just how rough 2020 was going to be ...

Super fund shuffles team, investment chief steps down

ELIZABETH MCARTHUR  |  THURSDAY, 17 DEC 2020
... appointment of a chief risk officer. Future Super, the super fund focused on climate change action with almost $1 billion in funds under management, has undergone some changes. Namely, its chief investment officer Dan East has stepped down. East will ...