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| | | ASIC is facing growing pressure to up the ante on regulating private markets, particularly private credit, as key stakeholders fear offerings are becoming increasingly accessible to retail investors. In response to the inaugural discussion paper that ... |
| | | | The ranks of Australian billionaires have more than doubled over the past decade, accumulating wealth at $137 million per day on average - $95,000 per minute, according to Oxfam Australia. Its acting chief executive Christina Muli described this as ... |
| | | | ... the fund's viability was in question due to low funds under management and it was in investors' best interests to close the fund." Touchstone, however, continues to actively manage more than $1 billion of Australian equities for direct, advised ... |
| | | | Perpetual has named a new head of credit and fixed income, and a deputy portfolio manager of its flagship trust. Vivek Prabhu has taken over the reins as head of credit and fixed income, extending his 20-year tenure at the organisation. The announcement ... |
| | | | ... unsolved challenges in our space. We haven't seen anyone truly crack the nut on it yet, but we think we're pretty close. Our goal is to make it accessible, understandable, and affordable for the mass market." Superhero has added three other senior ... |
| | | | Dai-ichi Life HD, which owns TAL, will acquire 15% of British asset manager M&G, with the two establishing a long-term strategic partnership across asset management and life insurance. Under the partnership, which is expected to produce at least US$6 ... |
| | | | BlackRock's new head of fixed-income and credit product strategy has returned to funds management after taking on key roles at Housing Australia, New South Wales Treasury, and TCorp. Katherine Palmer brings over 12 years of government balance sheet ... |
| | | | ... certainly challenging for those smaller funds." Established in 1981, with less than 17,000 members MIESF has long focused on its close connection with its membership - something CareSuper is confident it can continue. "What we've been proud of is ... |
| | | | ... funds or cryptocurrency from their accounts - the liquidator, appointed on 11 February 2022, estimated the company owes close $60 million, about $20 million of which is owed to former customers of the exchange. ASIC has commenced civil penalty proceedings ... |
| | | | ... we'll announce more in that regard soon." Constant said the regulator has been investigating claims handling delays for close to two years now, but in the process has also identified a wider range of issues affecting member services, including issues ... |
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