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Showing 641 - 650 of 4349 results for "SLI"

CFS slashes trail commissions on some funds

KANIKA SOOD  |  THURSDAY, 29 AUG 2019
Colonial First State has pared back trail commissions on a small slice of its funds, in a move that will affect about 400 advisers. The maximum rate of adviser trail commission is reducing from 0.8% per annum to 0.4% per annum (excluding GST) for Colonial ...

Future Fund returns 11.5%, crosses $160bn

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
Australia's sovereign wealth fund returned 11.5% in the year to June, with chair Peter Costello likening the returns to that of a "high growth" superannuation option but with much lower risk. The Future Fund now manages $162.6 billion, after adding ...

Tribeca Alpha Plus leaks $600m, rebuilds

KANIKA SOOD  |  TUESDAY, 27 AUG 2019
Investors have pulled out more than $600 million from Jun Bei Liu's long/short Aussie equities fund since co-portfolio manager left in April but performance is looking up and there are new hires on the team. The Tribeca Alpha Plus fund was down ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
Perpetual is willing to break away from its value investing heritage as it looks for new investment managers to add to its lineup. Perpetual Investments, which brings almost half of the company's operating profits, reported a 29% slump in its profits ...

Chief economist update: Jerome is in the Hole

BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
US Federal Reserve chairman Jerome Powell's in the Hole - the annual Jackson Hole symposium, that is. Out of or deeper into the (Jackson) hole? Powell's all too aware that he has to mind his Ps and Qs because his every word would be sliced ...

ASIC accelerates enforcement

ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
In ASIC's latest enforcement update, the regulator has made clear it is accelerating enforcement action now that the Office of Enforcement is open for business. From January to June 2019, 10 individuals were charged in criminal proceedings brought by ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
The $154 billion sovereign wealth fund voted against equity grants to Pinnacle Investment Management's managing director Ian Macoun and two executive directors, a summary of its proxy voting for FY19 shows. Future Fund was happy to support re-election ...

Xplore continues hunt for chief executive

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
ASX-listed platform provider Xplore Wealth released its quarterly update, confirming the appointment of a new chief executive is still pending. David Heather stepped down in February on "mutual terms" after four years in the top job. Since then, former ...

Industry not impressed with APRA

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
The latest stakeholder survey shows the Royal Commission continues to hurt the regulator's standing in the financial services community. APRA's latest biennial stakeholder survey shows industry players are less impressed with the prudential ...

Financial services boom rolls on

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2019
The financial services industry continues to be the largest contributor to economic growth and pays employees above-average wages, according to a new report. Data compiled by the Financial Services Council in its 2019 State of the Industry report shows ...