Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 337 results for "Reliance"

JPMAM, iCapital launch new private market fund for wholesale investors

ANDREW MCKEAN  |  TUESDAY, 18 JUN 2024
... example, what is the opportunity set? Is there operational value-add? Are there attractive entry multiples? Is there a reliance on leverage? And importantly, what are the exit opportunities?" she said. She added that private equity plays an important ...

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON  |  TUESDAY, 18 JUN 2024
... regulatory uncertainty but deliberately engaged in the conduct in pursuit of profits. ASIC also questioned the judge's reliance on a Block Earner press release as grounds for relief despite no evidence "anyone formed an erroneous belief based on that ...

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
... client onboarding process lacked controls to properly assess whether clients are in the identified target markets. The reliance on the questionnaire, which was described as poorly designed, ASIC said: did not adequately enquire into the prospective clients' ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... balances, including from cold calling operators," ASIC explained. It added that other issues identified included an over-reliance by trustees on testimonies that the advice received met the sole purpose test and that the use of fee labels in communications ...

Proxy advisors have 'undue influence': Jamie Dimon

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... its proxy voting processes to "amplify the role of portfolio managers" and to address the perception of asset managers' reliance on third-party advisor voting recommendations. The investment banking giant's enhancements will include "more portfolio manager ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... effectiveness in improving member outcomes. It questions whether tweaks can overcome the test's limitations - namely, its reliance on a single-metric benchmark portfolio that only evaluates investment strategy execution without considering strategic ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... average $90,000 was in an underperforming product. In reviewing roles and processes, ASIC identified a trend of over-reliance on one another across trustees, advisers and licensees, operating with the assumption they're all carrying out their roles as ...

Morningstar reveals Australian equities upgrades, downgrades

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
... The State Street Australian Equity strategy was downgraded, with Morningstar citing a slow evolution in the process and reliance on a recovery in the fortunes of the minimum volatility style factor. The First Sentier Equity Income fund was handed a downgrade ...

GSFM to distribute Access Capital Partners offering to HNWs

CHLOE WALKER  |  FRIDAY, 8 DEC 2023
... that fundamental value creation is a more robust and sustainable source of return, through economic cycles, than sole reliance on financial leverage," McIntyre said. ACP managing partner Phillippe Poggioli said the partnership was strategically important ...

Adviser with Investport links sees ban affirmed

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... her licensee to comply with her professional obligations and that her conduct was not excused or explained away by a reliance on the instructions, procedures, or process of her then licensee." The tribunal also agreed that, had Anderson acted consistently ...