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Showing 61 - 70 of 3517 results for "November"

ASIC cracks down on Prospero for reporting failures

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
... ASIC has been investigating Prospero for suspected breaches of the Corporations Act. Its investigation commenced on 16 November 2023 and is looking back as far as 1 March 2021. In December, Prospero was requested by ASIC to provide an undertaking promising ...

Infrastructure's diversification benefits timely: Clearbridge

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
... not enough to keep infrastructure valuations from falling due to the rise in real bond yields. Langley reported that in November 2023, yields in the US increased by 1%, resulting in a contraction in price earnings multiples for utilities. "Utility and ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... estimates $241 million will be needed to fund claims lodged with the Australian Financial Complaints Authority (AFCA) between November 2018 and September 2022. The CSLR is set to begin receiving claims in April this year, with an annual cap on compensation ...

Loftus Peak to take over Orca fund

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... larger investment team to support the fund," The Trust Company said. The Orca fund returned 33.7% in the 12 months to November 2023 end. At the same date, it held just $154.1 million in funds under management (FUM). The Loftus Peak Global Disruption ...

More outflows for Platinum

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... Among other active fund managers, GQG Partners ended 2023 at a record high of US$120.6 billion ($179.4bn), up from 7% in November. "We are pleased to have again delivered for our clients and shareholders this year. We expect continued business momentum ...

Prime Super appoints new custodian

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... Citi Securities Services follows NAB Asset Servicing announcing its intention to wind down custodial operations last November, wrapping up a 16-year custodial partnership with Prime Super. The big four bank decided to close its Asset Servicing business ...

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... appearance with respect to the market for Creso shares on the ASX, the regulator said. Further, between 18 March and 15 November 2021, ASIC believes that EverBlu breached its AFSL obligations by failing to properly follow procedures and put in place ...

Advisers, accountants ramp up partnerships

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
... advisers "will cohabitate because the accounting industry's foray into the planning industry is only starting". In November, Prosperity Advisers Group merged with a Brisbane-based accounting firm P+Y Accountants and Business Advisors. ASX-listed ...

Soul Patts raises stake in Perpetual

CHLOE WALKER  |  WEDNESDAY, 13 DEC 2023
... year so far, completing the high-profile takeover of Pendal Group in January, only to shutter several of its funds in November. At its recent annual general meeting, Perpetual chair Tony D'Aloisio said while the acquisition of Pendal presented some short-term ...

Platinum names new chief executive, restructures board

KARREN VERGARA  |  MONDAY, 11 DEC 2023
... to suffer huge outflows. It recently reported net outflows of $186 million to end up with $15.5 billion at the end of November. It has lost 37% of funds under management from the start of 2020, when it had $24.6 billion. "Platinum is at an important ...