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Showing 711 - 720 of 2101 results for "MAX"

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
A class action has been filed against AMP by its own advisers in relation to the institution's decision to slash Buyer of Last Resort valuations last year. Almost one year on from the news BOLR valuations would be cut from 4x recurring revenue to ...

Sydney boutique winds up fund

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
... a minority stake in Redpoint. GSFM bought 49% stake in Redpoint last year, buying from MLC Asset Management. It is led by Max Capetta, formerly head of Australian equities at GMO Australia, as its chief executive and portfolio manager. It manages $9.6 ...

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
Westpac's money laundering woes continue to worsen, with the bank today announcing it has uncovered hundreds of thousands of additional transactions of $10,000 or more that are "incomplete or inaccurate" to AUSTRAC. After further investigation, the ...

Investment strategies need to change: GSFM

ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
... and healthcare companies we believed would survive the pandemic." Meanwhile, Redpoint Investment Management chief executive Max Cappetta said globally and locally the COVID-19 "bounce" in equity markets has been remarkable. "Our experience from March ...

Cbus appoints chief executive

JAMIE WILLIAMSON  |  MONDAY, 27 JUL 2020
Cbus has named its new chief executive, hiring a former VFMC chief executive to fill the role. Justin Arter will take over as chief executive of the $50 billion fund in late August, replacing David Atkins. Arter is currently working as a consultant ...

Ombudsman demands changes for small business insolvencies

ANNABELLE DICKSON  |  TUESDAY, 21 JUL 2020
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell is calling for a number of measures to be put in place to protect small businesses from a 'tsunami' of insolvencies. In the latest Insolvency Practices Inquiry report ...

Government expands SME Guarantee Scheme

ANNABELLE DICKSON  |  MONDAY, 20 JUL 2020
Small and medium sized businesses (SMEs) struggling as a result of the pandemic are set to get up to $40 billion of relief after the government announced it is expanding the SME Guarantee Scheme ahead of its economic update on Thursday. The initial ...

Westpac found to be immature, reactive

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
Westpac publically released the findings from its Culture, Governance and Accountability (CGA) Reassessment Report, which labelled the bank "immature" and "reactive". The bank first completed a self-assessed CGA back in November 2018, however decided ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
The corporate watchdog has kicked off civil penalty proceedings in the Federal Court of Australia against contracts-for-difference and FX broker Forex Capital, as well as its sole director. If found guilty of all allegations, director Shlomo Yoshai ...

Banks throw Australians a second lifeline

ALLY SELBY  |  THURSDAY, 9 JUL 2020
Australia's banks will defer repayments on loans for an additional four months, in a bid to avoid a 'fiscal cliff' in September and aid in the country's economic recovery. Those who can restart paying back their loans will be required to do so at the ...