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Billionaires of all ages watching AI: Research

CHLOE WALKER  |  FRIDAY, 1 DEC 2023
... tensions. Among the successors, though, inflationary pressures (57%) and the availability and price of raw materials (52%) were top of mind. However, a topic all generations agreed on was the opportunities and risks of generative AI. Around two-thirds ...

Gender pay gap a crucial diversity metric: FSI

RACHEL ALEMBAKIS  |  FRIDAY, 1 DEC 2023
... pink ghetto - predominately HR, legal, head of comms/marketing. All very important positions, but less likely to reach that top job with more lucrative short-term and long-term incentive structures," White said. "We have to separate out reporting and ...

Macro environment trumps inflation for asset owners: Research

KARREN VERGARA  |  FRIDAY, 1 DEC 2023
... in a higher-for-longer interest rate cycle," he said. Over 60% of respondents selected equilibrium real interest rates as a top three factor impacting their five to 10-year strategy - which is double the share from last year. Consequently, funds are ...

Commercial property likely to recover in 2024: Insights

JAMIE WILLIAMSON  |  FRIDAY, 1 DEC 2023
... according to a report from Knight Frank, which eyes the prospect of a recovery in the commercial property market. Revealing its top predictions for the sector for 2024, Knight Frank said an improved vintage will ensure a year that is better for acquiring ...

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
... which comprises Future Super, GuildSuper, Smart Future Trust (formerly SmartMonday) and now Verve Super, now ranks among the top 15 largest superannuation group in the market, with total member accounts of 383,000. Just last month, Future Super acquired ...

Vale Charlie Munger

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... annual meetings and seeing those two up on stage bantering with each other. Charlie was the guy that just answered off the top of his head - he wasn't afraid to say it how it was..." Auscap Asset Management founder Tim Carleton echoed Robertson's ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... also becoming more difficult across the sector. In line with this finding, fintechs ranked raising equity capital as their top concern for the year ahead, with 61% of participants citing it as their biggest challenge, well ahead of the uncertain economic ...

Spatium Capital selects trustee, administrator for small caps fund

CASSANDRA BALDINI  |  TUESDAY, 28 NOV 2023
... average, 85% of the portfolio is allocated to companies ranked between 101 and 300, while the remaining 15% is allocated to the top 100. It seeks to identify and capitalise on mispriced and short-term equity price dislocations and has a trading strategy ...

ASFA appoints Mary Delahunty as chief executive

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
... Leanne Turner assumed the position temporarily in October following the departure of Martin Fahy, who stepped down from the top job in May after seven years. She will continue as the interim chief until Delahunty commences. Delahunty joins from her own ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... and Zhao, who has also pleaded guilty to failing to maintain effective anti-money laundering, will also step down from the top job. In June, the SEC announced it was suing the world's largest crypto exchange and Zhao for lying to regulators and mishandling ...