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Showing 601 - 610 of 2958 results for "August 2007"

Cannon-Brookes takes stake in fund manager

JAMIE WILLIAMSON  |  THURSDAY, 7 OCT 2021
The Atlassian co-founder has taken an equity stake in a local impact investment firm. Grok Ventures, the family office of Mike and Annie Cannon-Brookes, now owns a minority stake in Melior Investment Management, the local impact investment house founded ...

Magellan cops $4bn drop

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Magellan Financial Group recorded net outflows in its retail and institutional funds under management last quarter, bringing it back to June figures. The global equities strategy saw a $4 billion drop in FUM to $84 billion while infrastructure equities ...

Westbridge FM expands fund lineup

JAMIE WILLIAMSON  |  FRIDAY, 1 OCT 2021
The West Australian property fund manager has added to its series of diversified funds, open to retail and wholesale investors. The Westbridge Diversified Fund No. 4 is looking to purchase up to 12 assets to create a commercial property portfolio of ...

Loomis Sayles lists active ETF

KARREN VERGARA  |  FRIDAY, 1 OCT 2021
Loomis Sayles launched its unlisted global equity strategy on the ASX today as an active exchange-traded fund. The Loomis Sayles Global Equity Fund (ASX: LSGE) is a separate class of units in the unlisted Loomis Sayles Global Equity Fund. The latter ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
The Better Advice Bill is proposing several changes to the mandatory financial advice exam, including substantially increasing the cost of each sitting. The Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 exposure draft ...

Failing Asgard super option to close

JAMIE WILLIAMSON  |  WEDNESDAY, 29 SEP 2021
After failing the inaugural Your Future, Your Super performance test, Asgard Employee Super will shutter next month, with many members being transferred to BT's Retirement Wrap. Members of the fund were actually notified ahead of the performance ...

Australian Ethical overhauls longstanding fund

JAMIE WILLIAMSON  |  THURSDAY, 23 SEP 2021
Australian Ethical is making a series of changes to its Advocacy investment option that will allow it to begin investing in alternatives and unlisted property. From October, the Advocacy option will essentially close and instead be known as the 'High ...

More advisers switching practices

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
Nearly 1700 financial advisers jumped from one practice to another in the year to August, Rainmaker's adviser movements pipeline shows. The newly launched database found 1689 advisers moved from one employer to another, while the month to August saw ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
ASIC is concerned that Australians are turning to financial influencers for advice because professional financial advice is too expensive. New ASIC chair Joe Longo spoke at the Association of Financial Advisers' annual national conference. Longo said ...

Economic recap: Week to September 17

BENJAMIN ONG  |  MONDAY, 20 SEP 2021
... Latest PMI data show that China's manufacturing and services sectors dropped below the expansion/contraction mark in August - manufacturing PMI down to 49.2 in August from 50.3 in the previous month; services PMI down to 46.7 points from 55.0 in ...