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Showing 61 - 70 of 382 results for "Fold"

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
Lendlease's financial woes deepened in the 2024 financial year, making a $1.5 billion loss amid overhauling its operations. The ASX-listed firm's losses ballooned from $232 million in FY23 despite reporting 15% growth in EBITDA to $809 million ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
... negative impact of these companies on the economy. In addition, stress tests on 45,000 active companies indicated that a two-fold increase in interest rates could turn nearly eight out of every 100 companies into zombies. "The current economic climate ...

Pinnacle FUM soars 20%, introduces new boutique

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... Management's affiliates reported a 20% jump in funds under management (FUM) as it welcomes Life Cycle Investment Partners to the fold. The multi-boutique reported total FUM of $110.1 billion at the end the 2024 financial year. It earned $90.8 million ...

Boutique ESG fund manager folds

KARREN VERGARA  |  FRIDAY, 19 JUL 2024
Boutique Ethical Partners Funds Management is shutting its doors after seven years in operation. Chief executive Matt Nacard and investment director Nathan Parkin established the firm in late 2017 and launched the flagship Ethical Partners Australian ...

Bitcoin ETF price war: VanEck, Monochrome cut costs

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
... new funds. "Bitcoin ETFs have only been available in Australia for a short time and yet we've already seen multiple funds fold," he said. As previously reported by Financial Standard, Cosmos Asset Management delisted two of its cryptocurrency ETFs last ...

Investment veterans take on new roles

ELIZABETH FRY  |  MONDAY, 8 JUL 2024
A former chief investment officer of Zurich Insurance has a new regional lead role, while an ex-TCorp strategy head took on a chief investment officer position. Michael Vos has been appointed head of investments for Asia Pacific. The investment professional ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
As the number of business insolvencies spike, workers will soon be able to claim unpaid superannuation owed to them by defunct employers under the Fair Entitlements Guarantee (FEG) Recovery Program. From 1 July 2024, staff who worked for employers that ...

Clime to offload Madison Financial Group

JAMIE WILLIAMSON  |  MONDAY, 27 MAY 2024
... transaction and the entire Infocus community is genuinely looking forward to welcoming everyone from the Madison network into our fold." He added that the deal is a milestone for Infocus. "It's our objective to grow, not for growths sake, but for ...

Equip Super awards custody mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
Equip Super has selected a new custodian and back-office administrator to replace NAB Asset Servicing. Northern Trust won the mandate to provide asset servicing solutions that include global custody, fund administration and portfolio analytics. It replaces ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... as its managing partner Jonathan Steffanoni embarks on launching a new specialist superannuation law firm. QMV Legal will fold on April 26, shortly after Novigi acquired the QMV Solutions business on February 1. "Novigi and I both view the separation ...