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Showing 751 - 760 of 4662 results for "DOL"

American private debt fund eyes Australia

KANIKA SOOD  |  THURSDAY, 23 JAN 2020
A private debt manager with stellar past returns, is eyeing local superannuation funds as it starts to raise for a new fund. Victory Park Capital, headquartered in Chicago, is best known in the US for lending to financial services companies, focused ...

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
Shine Lawyers today filed a class action against Colonial First State alleging that hundreds of thousands of Australians were charged excessive insurance premiums. The action alleges CFS, as Commonwealth Bank's superannuation provider, put members into ...

Millions up in smoke in cannabis scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
Investors promised great returns through a marijuana company have lost it all, as it's alleged the owner - a US film producer - spent the money on a yacht and several luxury cars. The US Securities and Exchange Commission has filed charges against Guy ...

Aberdeen Standard, HUB24 partner

KANIKA SOOD  |  TUESDAY, 21 JAN 2020
Aberdeen Standard Investments is set to launch retirement income products, managed portfolios and a "bionic" advice solution for advisers and employers in partnership with HUB24. The new set of "bionic" advice solutions will kick off with a tool for ...

PIMCO a hit with Aussie instos

KANIKA SOOD  |  WEDNESDAY, 15 JAN 2020
PIMCO has emerged as the manager that won the most institutional money in Australia for the year ending September, according to data from more than 5000 mandates compiled by Rainmaker Information. The global manager raised $3.7 billion -- most of it ...

Dixon cuts US property fund value

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
Dixon Advisory has slashed the value of its US property fund by 30%, in yet another blow to the wealth management firm. The responsible entity for the US Masters Residential Property Fund (URF), Walsh & Company, blamed general weakness in the New York ...

Chief economist update: Aussie Black Friday spend will end Saturday

BENJAMIN ONG  |  MONDAY, 13 JAN 2020
With the bushfire inferno still raging, Australia needs all the good news it could get... and it's arrived. The All Ordinaries index surged by 0.7% to a new record high of 7041.9 points and the Australian dollar appreciated by 0.6% to US$0.6901 ...

RBA crushes hopes of Libra launch

ALLY SELBY  |  FRIDAY, 10 JAN 2020
The Reserve Bank of Australia will not allow tech giant Facebook to launch its cryptocurrency Libra in Australia until all risks and regulatory requirements have been mitigated. And even if these regulatory requirements were met there wouldn't be ...

Double exit from investment firm

ELIZA BAVIN  |  FRIDAY, 10 JAN 2020
An investment firm which manages over a billion dollars has announced a double exit, as its joint chief executives step down. Catherine van der Veen and Lucy Foster will be stepping down from their roles as joint chief executives and managing directors ...

La Trobe, State Super donate to bushfire appeal

ELIZABETH MCARTHUR  |  THURSDAY, 9 JAN 2020
La Trobe Financial is set to donate $1 million to the bushfire relief effort, while State Super has said it will donate $10,000 and match each donation made by its employees. La Trobe has announced it will donate $1 million, split between the Salvation ...