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Showing 51 - 60 of 376 results for "Fold"

Macquarie AM reshuffles real assets team

ELIZABETH FRY  |  MONDAY, 14 OCT 2024
Macquarie Asset Management has consolidated three of its listed real assets businesses and reshuffled the investment team in a bid to drive synergies available to the asset class. The asset manager said folding natural resources, listed infrastructure ...

HESTA snags AMP head of compliance

MATTHEW WAI  |  TUESDAY, 1 OCT 2024
... superannuation business. Tim Pietsch has taken on the role and brings extensive experience across the financial services sector to the fold. He joins in a role the organisation believes will be critical in enhancing its compliance framework and practices ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
Sequoia Financial Group gained a net of 14 financial advisers to end up with about 350 representatives at the end of the 2024 financial year. Sequoia added 70 advisers to the stable but lost 56, most of whom were from "non-economic practices who closed ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
In a first for ASIC, Libertas Financial Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR). Libertas, which went into liquidation in September 2023, failed ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
Lendlease's financial woes deepened in the 2024 financial year, making a $1.5 billion loss amid overhauling its operations. The ASX-listed firm's losses ballooned from $232 million in FY23 despite reporting 15% growth in EBITDA to $809 million ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... negative impact of these companies on the economy. In addition, stress tests on 45,000 active companies indicated that a two-fold increase in interest rates could turn nearly eight out of every 100 companies into zombies. "The current economic climate ...

Pinnacle FUM soars 20%, introduces new boutique

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... Management's affiliates reported a 20% jump in funds under management (FUM) as it welcomes Life Cycle Investment Partners to the fold. The multi-boutique reported total FUM of $110.1 billion at the end the 2024 financial year. It earned $90.8 million ...

Boutique ESG fund manager folds

KARREN VERGARA  |  FRIDAY, 19 JUL 2024
Boutique Ethical Partners Funds Management is shutting its doors after seven years in operation. Chief executive Matt Nacard and investment director Nathan Parkin established the firm in late 2017 and launched the flagship Ethical Partners Australian ...

Bitcoin ETF price war: VanEck, Monochrome cut costs

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
... new funds. "Bitcoin ETFs have only been available in Australia for a short time and yet we've already seen multiple funds fold," he said. As previously reported by Financial Standard, Cosmos Asset Management delisted two of its cryptocurrency ETFs last ...

Investment veterans take on new roles

ELIZABETH FRY  |  MONDAY, 8 JUL 2024
A former chief investment officer of Zurich Insurance has a new regional lead role, while an ex-TCorp strategy head took on a chief investment officer position. Michael Vos has been appointed head of investments for Asia Pacific. The investment professional ...