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Showing 541 - 550 of 9678 results for "Show"

FTX creditors await US$5bn distribution

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
Collapsed cryptocurrency exchange FTX is set to pay out US$5 billion to creditors starting May 30. The proceeds will be distributed via the FTX Recovery Trust to eligible creditors either on BitGo or Kraken. This is the second round of distributions ...

Prime Super calls time on sustainable option

JAMIE WILLIAMSON  |  THURSDAY, 15 MAY 2025
Prime Super will remove the SRI Balanced option from its investments lineup, saying its performance failed to meet expectations. The $8 billion industry superannuation fund will close the option on June 4, it confirmed. "After a period of observation ...

Criminal attacks, human error drive data breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... Commissioner (OAIC) rose 25% in 2024; 54 or 9% of which occurred at financial services organisations. New statistics from the OAIC show there was a total of 1113 notifications received about data breaches in the 2024 calendar year. In 2023, there was ...

Former Qualitas duo launch funds management shop

ANDREW MCKEAN  |  TUESDAY, 13 MAY 2025
... for land subdivisions, townhouse estates, and mid-rise projects that have pipelines tied to the Olympic Games. ASIC figures show that close to 3000 construction firms collapsed in Australia in FY23-24, up 28% year-on-year, which has halted thousands ...

Labor vs Liberal: Which government is better for Australian stocks?

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
Labor has secured 93 of the 150 seats up for grabs in the House of Representatives, with a few still in doubt - more than Kevin Rudd or Bob Hawke claimed in their maiden election victories - but does this historic win over the Coalition spell bad news ...

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... managed investment scheme it operated. Dunjey was the sole director and member of Ascent. April 2023 Federal Court documents show that it was "very likely that Mr Dunjey and Ascent operated a 'Ponzi' scheme." In Ascent's 2020 financial statements ...

The top-performing (and worst) asset classes of the past year

ANDREW MCKEAN  |  THURSDAY, 8 MAY 2025
Mercer's annual periodic table, which charts 17 major asset classes investment returns on an annual basis over the last decade, reveals that there's few reliable themes, except that greater risk tends to be rewarded by greater return. Equity ...

Foreign investment in Australia booms

ELIZA BAVIN  |  WEDNESDAY, 7 MAY 2025
The Australian Bureau of Statistics (ABS) has released its yearly reading on Australia's international investment position, showing a boom in foreign investment into the country. In 2024, foreign investment rose $326.9 billion to hit $4.97 trillion. ...

Licensees slash compliance spending: Survey

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
An alarming number of licensees are spending less on compliance, a new survey from Holley Nethercote shows, but a slew of reforms slated within the next 18 months could catch them off guard. Out of the 179 AFS Licensees and 29 credit licensees surveyed ...

Platinum to lose $1bn mandate

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... management as at April end of $9.64 billion. This figure includes the mandate that has now been terminated, the loss of which will show up in the May numbers. In April, Platinum saw net outflows of about $243 million, including $215 million from the ...