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Showing 571 - 580 of 6467 results for "September"

Magellan chief executive quits

CASSANDRA BALDINI  |  WEDNESDAY, 25 OCT 2023
... announce that additional retention payments will be made to close out the ESPP Loan balances for the majority of staff by September 2025," Formica said. He explained the fund manager has initiated the development of a new employee accountability and ...

Insignia's managed account FUM swells

STAFF WRITER  |  MONDAY, 23 OCT 2023
... $1.3 billion is held in the separately managed accounts (SMA) managed by MLC Asset Management on MLC Wrap. The month of September saw record flows for both MDAs and SMAs, Insignia said, clocking $248 million in net flows. "We are pleased to see the uptake ...

ASIC bans former PwC partner over tax scandal

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
... non-executive chair, to its governance board. Further, it will publish comprehensive, audited financial statements by September 2025. PwC said the plan is built on five key commitments to drive change and is supported by several key actions. The first ...

Three actively managed funds shutter

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... to June 2023 and aimed to beat the S&P/ASX 300 Accumulation Index. Total returns since inception stood at 7.9% as at September. The fund's responsible entity Australian Unity said it has suspended new investor applications and additional contributions ...

Inflation data not encouraging: Powell

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... restrictive policy until this goal is reached. In a speech on Thursday, Powell told the Economic Club of New York that the September inflation data continued to show a decline however it wasn't that encouraging. "Short-term measures of core inflation ...

Cbus appoints new head of infrastructure

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... we optimise the portfolio and drive greater value from both new and existing assets, both locally and globally." In September, Cbus bolstered its "refreshed strategy" with a series of leadership appointments. Alexandra West stepped into an expanded role ...

Netwealth to distribute private markets offering

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... business update to the ASX, revealing a large increase in funds under administration (FUA) from $1.7 billion for the September quarter, despite a negative market movement of $0.4 billion. Netwealth's FUA has now reached $72 billion, marking a 23.9% increase ...

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
... AIA said that the structural changes, in conjunction with the recent amendments in reinsurance arrangements made in September, underscore its dedication to the retail adviser market. The company said it also aims to leverage the increasing demand for ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... discount gap from 22.6% (9 November 2022) to 12% (17 August 2023). While Magellan managing director David George said in a September update that he is pleased that the discount has narrowed, he added that "there is more that can be done." This includes ...

HUB24 launches investment options

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... achieve their retirement goals and empower better financial futures for more Australians," Alcock said. In the year to September, funds under administration rose 21% to $82.7 billion. The number of advisers using the platform grew 11% to 4026 year on ...