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Showing 651 - 660 of 8233 results for "June"

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 ...

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
... the Federal Court agreed Block Earner had operated a managed investment scheme without a licence. However, at sentencing in June, Judge Jackman relieved the company of any liability to pay a fine. Judge Jackman said the company acted honestly and not ...

Social media, news addiction cost returns: Morningstar

KARREN VERGARA  |  MONDAY, 17 JUN 2024
... and sellers of the stock, what is the gossip in the Twitter sphere..." Tracking $10,000 invested from 31 October 2003 to 4 June 2024, the analysis found that investors who missed the 10 best days of the S&P ASX200 made $33,650. Those who were fully invested ...

Innova backs using leverage in super for housing

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... wealth creation. The average super fund has posted a 7.3% annual return (or a real return of 4.5%) over the 30 years ended 30 June 2023, according to ASFA. "The scale of super funds means they could borrow at very low cost. Applying a moderate amount ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... Commonwealth Bank head of Australian economics Gareth Aird also believes the RBA will keep interest rates unchanged this month. "The June board meeting comes in the wake of the 2024 Federal Budget, which was a little more expansionary than anticipated. ...