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Showing 41 - 50 of 1041 results for "Gross"

GAM investors make partial offer

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
The investor group in opposition of Liontrust Asset Management's acquisition of GAM Investments is attempting to acquire 17.5% of the latter. In May, Liontrust offered to acquire GAM Investments. Almost immediately the deal was criticised by shareholders ...

Australian Unity, Cromwell to merge funds

CHLOE WALKER  |  FRIDAY, 7 JUL 2023
... non-core assets and recycling of capital to grow its funds under management, adding approximately $425 million in third-party gross assets to its Australian platform. "This transaction continues our journey to a capital-light funds management business ...

URF investors reject K2 as RE

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... hurdles to overcome," E&P Financial said. In terms of fees, KAM charges 0.05% (exclusive of GST) and 0.225% in admin fees of gross assets. As RE, E&P Investments charged 0.08% and 0.25% respectively. On June 27, investors in CD Private Equity Fund V ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... compared against the median RAFE of other platform TDPs. The investment performance of platform TDPs will also be tested using gross of tax variables to reflect how these products operate and report to APRA. For the RAFE of non-platform TDPs, these will ...

Collapsed trading house hit with charges

CHLOE WALKER  |  MONDAY, 5 JUN 2023
Two former directors of collapsed retail over-the-counter derivatives provider Berndale Capital Securities have been charged with dishonesty offences, including misusing over $1 million in company funds. Stavro D'Amore and Daniel Kirby are alleged to ...

ASIC bans former Gleneagle fund manager

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... orders to sell them. The unauthorised naked short selling practices by Tolpigin distorted the accuracy of the ASX's daily gross short sales report, ASIC said. ASIC said it views the prohibition of naked short selling as an "essential policy" for the ...

Adviser PI premiums up 40%: APRA

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... and professional indemnity insurance in Australia, the regulator found that between 2015 and 2021 professional indemnity gross written premiums grew by 75%. This is comprised of a 27% average increase in premiums and a 38% increase in risk counts. While ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... improved, with the deficit projected to be just 0.2% of GDP in 2033-34. The reduced need for borrowing has led to lower gross debt, which is expected to peak sooner that previously forecast, in 2025-26. Nevertheless, the budget faces persistent structural ...

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... valuations. The Australian and New Zealand Private Debt portfolio has been outperforming its objectives, delivering a 9.6% gross return as at 31 March 2023. This performance surpasses the target return of cash plus 4% to 5% (net of fees and expenses). ...

Rest signs mandate with Palisade Impact Fund

CASSANDRA BALDINI  |  MONDAY, 17 APR 2023
... delivering a strong return coupled with a strong environmental and social impact for Rest's members," chief executive Steve Gross said. "I've known the team at Rest for a long time and it's an honour to be working with them again." The Palisade ...