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Showing 591 - 600 of 4546 results for "October"

Three actively managed funds shutter

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... existing investors, as well as all redemptions. BlackRock's Wholesale Australian Share Fund began the wind-up process on October 12. It also strived to outperform the S&P/ASX 300 Accumulation Index via a long-short investment strategy and aimed to ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... circumstances that are the same or substantially similar to an earlier reportable situation." This change takes effect from October 20 and is part of ASIC's amendments to licensees' obligations under ASIC Corporations and Credit (Amendment) Instrument ...

Renato Mota to leave Insignia Financial

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... company, during which time he's held a number of senior leadership roles. He first joined Insignia, then IOOF, in October 2003 to work on the group's strategy and communications. Four years later he became general manager, investor solutions ...

Former AMP Capital executive takes over at Selfwealth

CASSANDRA BALDINI  |  THURSDAY, 19 OCT 2023
... recently appointed chief financial officer, Scott Farndell, who joined the in August, has left the business effective 18 October 2023. According to Christian, the board is still focused on recruiting a leadership team to ensure SelfWealth is strategically ...

New advice firm hits Melbourne

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
Launching in late October, Source Wealth will provide flexible, goals-based advice backed by technology. Source Wealth founder Michael Sauer brings nearly a decade of experience in financial services to the firm, having served at Tribeca Financial ...

Alternatives to top $33tn by 2028

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
... AUM has been revised down, with a new forecast for 2027 of US$3.5 trillion, from US$4.2 trillion as previously cited in October 2022. According to Preqin's forecast models, VC AUM is set to reach US$3.8 trillion by the end of 2028. The latest forecast ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... performance and engaging in an active on-market buy-back that is accretive to performance, he said. Weekly estimates as of October 13 shows that MGF recorded a NAV of $1.93. Since its inception in 2020, MGF has returned 4.4% per annum, while the MSCI ...

Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... profit in FY23, recovering from a $6.3 million loss the year prior. Selfwealth traded at 14 cents per share at the end of October 14. News of Stake's acquisition proposal one day later saw the share price jump 29% to 18 cents. The platform has $9.5 ...

Forager to delist Aussie LIT

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... RPMGlobal Holdings, ReadyTech, Tourism Holdings, Healthia, and Gentrack. FOR's net asset value at the close of business on October 13 was $1.45. It has 99,851,310 units on issue. In the last financial year, FOR made a $22.3 million operating profit. ...

Link shakes up board, names super industry veteran

KARREN VERGARA  |  FRIDAY, 13 OCT 2023
... joins the ASX-listed firm as an independent non-executive director. Lennon is a former board member of EISS Super from October 2021 until its merger with Cbus Super in May 2023. He was also a director at First State Super (now Aware Super) for almost ...