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Showing 551 - 560 of 3927 results for "August"

Link Fund Solutions sale completes

CHLOE WALKER  |  TUESDAY, 10 OCT 2023
... Financial Conduct Authority (FCA) about its role as an authorised corporate director to the LF Woodford Equity Income Fund. In August, Link said it expected to provide for about $390.9 million in settlement and redress costs in the second half of FY23 ...

AMP shareholder class action settlement slashed

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... urging AMP shareholders who have not registered to be part of the lawsuit, which reached an in-principle settlement in August, to do so by November 3. The Supreme Court of New South Wales will determine if the proposed settlement amount is appropriate ...

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
... of $16.2 billion from the retail segment and $18.8 billion from the institutional side. In comparison, Magellan's FUM in August was $39 billion - $17.5 billion in retail and $21.5 billion institutional. Month-to-month, the fund manager's global equities ...

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
... began investigating Nugara on 21 October 2019. Immigration found that he and his family had already left Australia on 15 August 2019, residing in several countries such as Indonesia, Mexico, Costa Rica, Panama, Nicaragua, Sri Lanka, and Singapore. He ...

Smart beta 'taking over' active management share: VanEck

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
... Further illustrating the shift in investment preferences, Neiron reiterated that smart beta strategies are on the rise. As at August 31, net flows into smart beta had surged to 31%, up from 26.2% the previous year, outstripping both active and market ...

Future Fund slapped with new disclosure rules

ANDREW MCKEAN  |  WEDNESDAY, 4 OCT 2023
... required of superannuation funds as set out in the Corporations Amendment (Portfolio Holdings Disclosure) Regulations 2021. In August, Future Fund posted a 6% return in FY23, well-below its 10% target. However, Future Fund chair Peter Costello said the ...

Dimensional launches Aussie fund to NZ market

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2023
... most popular worldwide, investing in equities and fixed income and designed to reduce carbon footprint exposure. As at August end, the Australian Sustainability Trust was invested in more than 430 companies. About 25% is in financials, 22% in materials ...

Franklin Templeton overhauls distribution leadership

CASSANDRA BALDINI  |  WEDNESDAY, 4 OCT 2023
... Templeton in 2018 as its managing director of investments in Australia and New Zealand, before moving to co-head of APAC last August. Before his start at the asset manager, he held senior roles at Colonial First State, Commonwealth Bank, and ING. As ...

Bullock keeps cash rate at 4.10%

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
... the evolving assessment of risks," she said. This is off the back of disappointing inflation data which rose to 5.2% in August from 4.9% in July. "Timely indicators on inflation suggest that goods price inflation has eased further, Bullock said, but ...

Iress completes $52m sale of MFA business to SS&C

ANDREW MCKEAN  |  TUESDAY, 3 OCT 2023
... Managed Funds Administration (MFA) business to SS&C, while also kicking off the divestment process for its Platforms unit. In August, the financial services software company revealed that SS&C would acquire its MFA business, subject to working capital ...