Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 641 - 650 of 8227 results for "June"

Carlyle, Goldman Sachs give $1.6bn boost to Apex

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2024
... December 2023, Apex had some $206.8 billion in assets under custody and administration in Australia, rising almost 17% since June 2023. According to the Australian Custodial Services Association, this pegs Apex as the seventh largest custodian and administrator ...

ASIC freezes assets of Melbourne based licensee

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
... dealing with money held in bank accounts or with a financial institution (subject to limited exceptions). At a hearing on June 25, the court extended the time for compliance with some of the disclosure orders that had been made and adjourned the matter. ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... income (NALI) and expands the Australian Financial Complaints Authority's (AFCA) remit over super passed Parliament on June 25. Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023, which contains the new ...

Inflation spikes again sparking rate rise fears

ELIZA BAVIN  |  WEDNESDAY, 26 JUN 2024
... readying to fire the interest rate increase gun, just as the men line up for the 100 metre final in Paris, presuming that June quarter inflation reflects the same trend," Mickenbecker said. "The CPI rose 1% in the March 2024 quarter from 0.6% in the ...

Qualitas scores $550m mandate

ELIZA BAVIN  |  WEDNESDAY, 26 JUN 2024
... loans. The new mandate brings Qualitas' total funds under management to $8.6 billion representing around 42% growth from 30 June 2023. Qualitas will co-invest up to $25 million over the life of the $50 million mandate, it said. Qualitas managing director ...

Real estate fund manager chief executive departs

KARREN VERGARA  |  TUESDAY, 25 JUN 2024
The chief executive of Eildon Capital Group is exiting the ASX-listed real estate fund manager on June 30. After two years in the top job and as joint company secretary, Laurence Parisi is leaving after the board "carefully evaluated the position of ...

Court freezes assets of Keystone AM managed fund

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... yet had the opportunity to respond to ASIC's application. A further Court hearing is listed to take place on Tuesday, 25 June 2024. This action follows previous action that ASIC took in February 2024 to halt new offers of investments in Shield. The interim ...

TCorp moves to new OneFund structure

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUN 2024
... upon establishment, OneFund will have $46.7 billion in funds under management. This is expected to grow to $52.4 billion by June 2027. The separate funds will be invested through the same master fund as if they were one fund while maintaining their individual ...

Industry Super Australia names new chair

ELIZABETH FRY  |  WEDNESDAY, 19 JUN 2024
... Cath Bowtell, who was the acting chair. Prior to Bowtell, Peter Collins led the board after Greg Combet stepped down last June. ISA noted Mecchi has held leadership positions in several industries and is a well-known expert in marketing strategy in superannuation. ...

RBA issues warning over inflationary spending

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
The Reserve Bank of Australia (RBA) kept the official cash rate on hold at 4.35% in June but would not rule out another hike in the future. The RBA board noted that inflation had fallen substantially since its peak in 2022 but said recent federal and ...