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Showing 701 - 710 of 11412 results for "Rate"

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... weaker data going forward. While the so-called Sahm rule, which signals a recession when the three-month average unemployment rate rises more than 0.5 per cent from its 12-month low, was triggered in July, a broader range of indicators are not consistent ...

Dexus property valuation rout deepens by $2bn

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
Dexus Funds Management wiped $1.9 billion off its property portfolio, driven by the office sector rout which lost $1.8 billion in value. The devaluations led to a whopping $1.6 billion statutory net loss after tax for the 2024 financial year, following ...

MLC Asset Management names director of institutional distribution

ANDREW MCKEAN  |  MONDAY, 19 AUG 2024
... portfolio of 20-30 global co-investments alongside private equity general partners, shooting for a 15% per annum internal rate, pre-tax and post management fees.

Bell Financial half-year profit soars 50%, revenue up

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
... platform's clearing system, resulting in over $2 million in annual savings. Funds under advice grew at an 8.1% compound annual rate over the past five years, to be $80.5 billion. The company announced a fully franked interim dividend of 4.0 cents per ...

ART appoints chief financial officer, promotes managers

ELIZABETH FRY  |  FRIDAY, 16 AUG 2024
... manager focusing on strategy and liquid alternatives. The new head of portfolio design also spent several years as an interest rate strategist at ANZ and in the UK as an investment analyst and investment manager at RBS and Aberdeen Asset Management.

State Street receives Shariah-compliant certificate

MATTHEW WAI  |  FRIDAY, 16 AUG 2024
State Street Corporation now offers Shariah-compliant global custody and fund administration services. The announcement follows the company attaining a Shariah-compliant certificate from Amanie Advisors, a Shariah advisory firm. The Islamic finance ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... environment," Preqin said. "The test for managers now is to demonstrate their ability to effectively manage risk in a higher interest rate environment, which can lead to increased default rates and more volatile credit conditions. "Substantial on-the-ground ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... assessment that measures individual account performance to see if member outcomes are indeed being achieved and provide a personal rate of return, he told Financial Standard. Undertaking his own research, Bastiaans found a member's account balance ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
On Wednesday, the Reserve Bank of New Zealand (RBNZ) trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023. The central bank pointed to inflation converging to its target range as the core reason ...