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Showing 771 - 780 of 6924 results for "shares"

GAM loses insto mandate

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... interest," the regulator said. According to documents, Haywood was also at one time offered an equity warrant over Greensill shares which was not taken up but was also not recorded appropriately. Part of Haywood's fine, about $40,000, is the value ...

Popularity soars for managed accounts

CHLOE WALKER  |  TUESDAY, 22 MAR 2022
... reached $131.6 billion as of 31 December 2021. This is expected to rise to 25% by 2025, over and above flows into direct shares and listed investment companies. Brennan said the reason managed accounts are so popular is partly because advisers are seeing ...

Douglass exits Magellan board

KARREN VERGARA  |  MONDAY, 21 MAR 2022
... March 16, Hamish McLennan, who succeeded Douglass as chair, announced the firm will buy back 10 million ordinary fully paid shares or 5.4% of shares outstanding. A trick of the trade, share buybacks effectively boost a public company's share price ...

Disclosure lacking in common ownership: Committee

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
... super funds, driven by mergers and in-housing, "is likely to lead to greater potential for the simultaneous ownership of shares in competing companies by institutional investors", the report posits. The committee states in its report that the lack of ...

ASIC opens CCIV licensing consultation

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
... passed parliament on February 10. The legislation enables the setup of CCIVs as a new type of company that is limited by shares and has a single corporate director. It is effectively an umbrella vehicle that can have one or more sub-funds that offer ...

KKR acquires real estate manager

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
... largest real estate managers in Japan, after signing a deal with Mitsubishi and UBS. KKR is acquiring all the outstanding shares of Mitsubishi Corp.-UBS Realty (MC-UBSR) from Mitsubishi and UBS Asset Management in an all-cash transaction valued at US$2 ...

Permanent ban for former authorised representative

CHLOE WALKER  |  FRIDAY, 18 MAR 2022
... 1 June 2015 to 22 October 2020, Halligan, who was an authorised representative of BR Securities Australia, transferred shares in excess of $550,000 from his clients' accounts. The shares were transferred into the trading account of Santorini Sun, a business ...

AltX appoints head of property risk

CHLOE WALKER  |  THURSDAY, 17 MAR 2022
... pleased to have attracted someone of Pasin's calibre to join the team. "We have worked with Giamol for several years, and he shares the group's conservative ethos on property appraisals," Beinhart said. "We are confident he will very quickly prove a ...

Super mergers only beginning: J.P. Morgan

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
... other funds become larger," he said. "Being scalable can mean many different things for super and the report definitely shares a balanced view." Funds are concerned about the impact of regulatory change going forward, with 64% of those surveyed saying ...

Vanguard hit with US class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
... product. The institutional product has lower fees. The complaint alleges retirement plans invested in retail funds sold their shares and moved over to cheaper, but otherwise identical, institutional funds. "To raise cash to redeem so many shares, the ...