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Showing 671 - 680 of 6256 results for "Cash"

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... the second half of the previous financial year to 0.25% in the current period, chiefly because of lower trading volumes and cash balances. Praemium chief executive Anthony Wamsteker spooked markets, saying that the duration of the "relatively subdued ...

BNP Paribas acquires HSBC's hedge fund admin business

CHLOE WALKER  |  WEDNESDAY, 22 NOV 2023
... front-to-back liquid alternative and hedge fund outsourcing solutions" from core fund administration, through to depositary, custody, cash, FX, financing, global markets, and prime brokerage solutions." BNP Paribas head of strategic business development ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... Kraken blends its customers' money with its own, paying operational expenses directly from accounts holding customer cash. It also allegedly mixes its customers' crypto assets with its own, creating something its own auditor had identified as ...

Interest rate hikes are working: Bullock

KARREN VERGARA  |  TUESDAY, 21 NOV 2023
... ASIC Annual Forum in Melbourne this morning, Bullock hailed monetary policy as a necessary yet "blunt tool" that stings the cash flow of Australians but is doing its job of keeping inflation down. "[Monetary] policy doesn't just operate through the ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... opportunities presented by the government's response to the Quality of Advice Review." WTL intends to fund the acquisition using cash on hand and will purchase M3 on a debt-free, cash-free basis, with the final purchase price adjusted at completion ...

MA Financial issues first RMBS

CHLOE WALKER  |  TUESDAY, 21 NOV 2023
... highest returns for the risks involved." Fleming added that fixed income investors should invest in credit that is linked to cash rates, such as RMBS that have a floating rate of interest that increases if rates go up. "Despite the global challenges ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... margins sit above 40% and is on track to grow revenue by over 140% in 2023. It has expanded its digital advice offering into cash management, lending, and most recently, lower-risk investments with its Automated Bond Portfolio. "The company is well-positioned ...

Aussie investors optimistic about returns

CHLOE WALKER  |  FRIDAY, 17 NOV 2023
... globally. In terms of investment preferences, Australians lean towards managed funds, private assets like private equity, and cash or equivalents. Notably, they are less inclined than the global average to invest in gold, silver, precious metals (43% ...

Advisers turning to cash, fixed income: Data

CHLOE WALKER  |  FRIDAY, 17 NOV 2023
Financial advisers are increasingly leaning towards cash and fixed income, making up 15% of new client inflows this year, according to Investment Trends. The 2023 Adviser Product and Marketing Needs report revealed that one in four advisers recognise ...

Count, Diverger forge ahead with acquisition

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... COG put on the table. The Scheme Implementation Agreement signed by both parties shows that Count is offering a 40 cents cash consideration (up from 36.7 cents) and a scrip consideration of 1.44 (up from 1.38). Yesterday, COG withdrew its $27 million ...