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Showing 661 - 670 of 14036 results for "Down"

Future Fund reaches value of $237.9bn

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2025
The Future Fund has delivered an investment return of 12.2% - boosting its value to by $26 billion to $237.9 billion as of 31 December 2024. Total funds managed by Future Fund, including across its other investment funds, rose to $304.5 billion. In ...

Australian Wealth Advisors Group invests big in Sequoia

KARREN VERGARA  |  TUESDAY, 4 FEB 2025
... eventually slapped a series of orders on the rouge shareholders who attempted to overthrow the leadership. The panel handed down several restrictions on the shareholders and their associated entities that at the time had substantial ownerships in Sequoia. ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... trustee over concerns about fitness and proprietary processes and fund expenditure management. At the same time, APRA cracked down on Cbus' trustee in response to allegations of "serious misconduct" within the Construction, Forestry and Maritime Employees ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
Financial Services Council (FSC) chief executive Blake Briggs has said the regulatory pendulum for the superannuation, funds management, and financial advice sectors has swung too far over the last decade under successive governments. It's time for ...

Perpetual delivers 'mixed' performance in Q2

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... 1H24. Perpetual said most of those performance fees are attributed to JO Hambro strategies. JO Hambro AUM was $37.1 billion - down 0.9% compared to the September quarter, driven by net outflows of $2.1 billion and negative market movements of $900 million ...

FOMC holds rates as Chalmers boasts 'our inflation is lower'

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... "And if you look at the underlying measure, the trimmed mean measure, it was 3.2% through the year to the December quarter, down from a revised 3.6%. If you look at the trimmed mean number in the quarter, it almost halved. It's now 0.5% and that makes ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
... their super to the retirement-phase. On average, this has them paying about $650 extra in tax per year, it said. Breaking down the numbers, the SMC found a member of this cohort with $100,000 in an accumulation account is paying up to an extra $4500 ...

ASIC bans adviser fraudster found with child abuse material

ANDREW MCKEAN  |  WEDNESDAY, 29 JAN 2025
ASIC has permanently banned Brisbane-based financial adviser David Cubilla following a $640,000 fraud conviction; he was also found guilty of using online services to access and possess child abuse material. Cubilla, who was recently an authorised representative ...

AustralianSuper welcomes AI tech competition

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
Mayhem erupted on Wall Street on Monday (local time) after Chinese-owned DeepSeek burst onto the artificial intelligence (AI) scene, wiping $1 trillion off chip maker Nvidia. AustralianSuper holds around $2 billion of Nvidia shares in its balanced option ...

AdviceIQ general manager Paul Harding-Davis to retire

ANDREW MCKEAN  |  TUESDAY, 28 JAN 2025
... Harding-Davis told Financial Standard that now is the right time for retirement due to a combination of factors. "I've been tapering down now for about three years now work only half a week," he said. "I can see that the group will benefit from fresh ...