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Showing 651 - 660 of 3870 results for "Point72"

Super funds under $30bn should merge: APRA

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
APRA deputy chair Helen Rowell says the regulator agrees with the industry view that funds under $30 billion in assets should merge. Rowell said APRA was aware of about 12 super fund mergers currently underway. "The emerging industry view seems to be ...

Raw truth on merger process: Panel

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
With consolidation in the superannuation industry not slowing down, those who've been through a merger have revealed the anxiety, job losses and workload involved. Speaking on a panel at the AIST Conference of Major Superannuation Funds, Spirit ...

Chief economist update: Confidently sustaining the recovery

BENJAMIN ONG  |  WEDNESDAY, 19 MAY 2021
Simply stunning! "The April survey result is simply stunning - with many variables reaching survey highs. Conditions reset last month's high, driven by further gains across trading conditions, profitability and employment. Confidence has also set ...

Macquarie Securities slapped with $126k fine

KARREN VERGARA  |  TUESDAY, 18 MAY 2021
... buyback. MSA conducted the buy-back across three financial markets: the ASX, Chi-X and the dark market being ASX Centre Point (ASXC). The MDP raised concerns over the purchase of 1.2 million shares at $2.465 on 6 May 2019 on the ASXC, alleging it was ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
Wall Street's down! All four US benchmark equity indices dropped overnight - the Dow by 1.99; the S&P 500 by 2.1%; the Nasdaq composite by 2.7%; and the Russell 2000 by 3.3%. The yield on 10-year US bonds increased to 1.70% from 1.62% the day before. ...

Research aims to solve cash conundrum

ELIZABETH MCARTHUR  |  THURSDAY, 6 MAY 2021
With record-low interest rates set to stay in place for some time, Allianz Retire+ has released new research looking at how best to solve the cash conundrum. Term deposit rates have fallen 96% since the Global Financial Crisis high of 8.25% and now ...

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
ASIC has confirmed it will not be recommending changing the label of 'general advice', after independent research commissioned by the regulator found such a move is unlikely to prevent consumer confusion. Both the Financial System Inquiry's ...

Chief economist update: The Fed and Australia

BENJAMIN ONG  |  TUESDAY, 4 MAY 2021
Just when we thought Federal Reserve chair Jerome Powell has tapered sooner-than-later taper expectations, along comes Robert Steven Kaplan -- president and chief executive of the Federal Reserve Bank of Dallas. While the US Federal Reserve was waxing ...

Proxy advisers under scrutiny

ELIZABETH MCARTHUR  |  MONDAY, 3 MAY 2021
Proposed new legislation will see proxy advisers forced to be much more transparent on how and why they vote on matters put to shareholders. The government is proposing to reform proxy voting by requiring superannuation funds to disclose more detailed ...

Guild Super chooses new administrator

ELIZABETH MCARTHUR  |  THURSDAY, 22 APR 2021
Guild Super, the $1.8 billion retail fund catering to childcare workers, has chosen a new administrator which it says will enhance member experiences. Guild Super, which also trades as Child Care Super and offers Guild Pension for retirees, will switch ...