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Showing 651 - 660 of 6744 results for "Profit"

Outflows, M&A batter active managers

KARREN VERGARA  |  THURSDAY, 30 MAR 2023
Rampant mergers and acquisitions, eye-watering redemptions and product closures over the last three years put to question if active fund managers are still fit for purpose. Rainmaker modelling shows that between 2020 and this month, more than 120 listed ...

Fund manager acquired by US fintech

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2023
... Australia-based Bateau Asset Management. Bateau was founded in 2016 and serves a range of high-net-worth, family office, non-profit and institutional clients across Australia and Singapore. It runs the Bateau Global Opportunities Fund which invests in ...

US regulator sues crypto giant, chief executive

CASSANDRA BALDINI  |  TUESDAY, 28 MAR 2023
... explaining it developed "best in class technology to ensure compliance." He further explained Binance does not trade for profit or "manipulate" the market under any circumstance and said it does not convert revenue "from time to time" to cover expenses ...

ASX chief churn increases: Analyst

CASSANDRA BALDINI  |  MONDAY, 27 MAR 2023
... chair Mark Chellew and former chief financial officer Michael Ferguson both left at the start of the month following a profit warning. ALS chief executive Raj Naran also abruptly quit, citing family reasons, while Megaport chief executive Vincent English ...

Industry fund bags consecutive customer experience award

ANDREW MCKEAN  |  MONDAY, 27 MAR 2023
... 48.4%. Spirit Super chief executive Jason Murray said the result showed that the fund is growing the trust of members. "As a profit for member industry super fund, everything we do is for your [members] benefit," Murray said. "Being recognised for the ...

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
... government is introducing a statutory equal remuneration principle that reduces barriers to pay equity claims. In the not-for-profit sector, last July, the Office for Women released a new resource, Guide to prevention and action on financial abuse within ...

Rising interest rates tank life insurer performance

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... unrealised losses on interest bearing investments," APRA said in a performance note. Life insurers ended last year with a net profit of $500 million, a drop of 59% from 2021.

HSBC bails out Silicon Valley Bank UK

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... billion and deposits of around £6.7 billion, said HSBC. For the financial year ending 31 December 2022, SVB UK recorded a profit before tax of £88 million, while its tangible equity is expected to be around £1.4 billion. The acquisition will be funded ...

CALI hires policy director from FPA

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... advice delivery and the profession - and outside SOAs/FDS/OFA which we have tried to provide novel, efficient, engaging, profit driving solutions for - the other area which has most concerned members is an inability to support clients with life insurance ...

Advice firms trading at premium: Broker

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
Financial advice firms continue to trade at a premium compared to other professional services firms, according to an industry broker. Centurion Market Makers' newly released Practice acquisition sale & valuation guide reveals that the demand for premium ...