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Showing 711 - 720 of 13899 results for "State"

Colonial First State loses private markets manager

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
Colonial First State has confirmed the departure of the senior manager responsible for unlisted investments within the fund's multi-asset team. The financial services giant said Daniel Cheang's last day with the firm was February 14. Cheang's ...

Betashares launches Bitcoin, Ethereum ETFs

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
Betashares has rolled out Bitcoin and Ethereum ETFs on the ASX today, saying the launches are part of a "global turning point" in the crypto investment landscape. The new funds - Betashares Bitcoin ETF (ASX: QBTC) and the Betashares Ethereum ETF (ASX ...

Convicted adviser fails to appeal prison sentence

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
Former Melbourne financial adviser Bradley Grimm will continue to serve his sentence after failing to have his dishonesty conviction and prison term overturned. Grimm pleaded guilty to three counts of engaging in dishonest conduct whilst running a financial ...

Gen X remains the largest cohort in SMSF establishments: Class

MATTHEW WAI  |  WEDNESDAY, 19 FEB 2025
Generation X and Millennials collectively drove about 85% of new self-managed superannuation fund (SMSF) establishments for the six months to 31 December 2024, according to a new report from Class. The total value of the net assets administered on Class ...

RBA delivers 'cautious' cut, road ahead unclear

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2025
The Reserve Bank of Australia (RBA) cut the cash rate by 25 basis points, bringing the official interest rate down to 4.1%. While the cut was widely expected, the RBA was quick to diffuse any hopes of a quick cutting cycle. "A range of indicators suggest ...

Custodians revel in double-digit gains

JAMIE WILLIAMSON  |  TUESDAY, 18 FEB 2025
... industry consolidation. Data from the Australian Custodial Services Association (ACSA) shows in the six months to December end, State Street, Northern Trust, BNP Paribas, Clearstream, Netwealth, and HSBC all saw their total assets under custody grow ...

UniSuper prepared for buying opportunities

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
... to have a flat year," Pearce said. "UniSuper invests for the long term, and over the long term, we're confident about the state of the global economy-inflation is behaving itself, employment remains strong, and the tech revolution continues. If we do ...

Oaktree offers Star $650m lifeline

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
... demands, the proposal is not conditional on Star raising subordinated capital, or any waiver or deferral of tax payable to state governments. "The board of The Star will consider the proposal. There is no certainty that the proposal will be progressed ...

Partners Wealth Group appoints new head of Partners Private

ANDREW MCKEAN  |  MONDAY, 17 FEB 2025
Partners Wealth Group has appointed a new head of its wholesale investments business, Partners Private. The wealth management firm named Fraser Herd to oversee the development and expansion of its private investment opportunities for clients and partner ...

Housing construction lags broader economy by 49%: PC

KARREN VERGARA  |  MONDAY, 17 FEB 2025
... incomes in Australia would be about 41% lower than they are now," the research found. Several factors have contributed to the state of housing construction, namely complicated and slow approval processes, lack of innovation, a fragmented industry dominated ...