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| | | The Federal Court this morning has ruled in favour of disgruntled AMP Financial Planning advisers who saw the value of their practices deteriorate after the parent company controversially changed its Buyer of Last Resort (BOLR) rules. In handing down ... |
| | | | Despite the lull in the property and private equity sectors, Australian Retirement Trust (ART) handed in a 10% return for its balanced option following a bumper share market revival. The Super Savings Balanced, which most of the ART's 2.2 million ... |
| | | | The Federal Court has extended the travel ban on Magnolia Capital's founder as he faces an ASIC investigation that alleges $40 million of investor money has gone missing. Mitchell Atkins, also the managing director and chief investment officer of Magnolia ... |
| | | | The federal government will lift the financial adviser levy freeze as it unveils recommendations that make minor changes to the industry funding model following a review. Assistant treasurer and minister for financial services Stephen Jones yesterday ... |
| | | | EQT Holdings, the parent company of Equity Trustees, is reviewing its investment and scrutinising the future of its operations in the UK and Ireland. Equity Trustees' managing director Mick O'Brien commented: "While the businesses are now well established ... |
| | | | NAB has confirmed it is on track with the wind down of its asset servicing business, including helping its existing clients in selecting a new custodian. As part of an agreement, NAB Asset Servicing is referring some of its clients to Citi and giving ... |
| | | | Dexus has copped a $1 billion loss across 175 of its 182 assets, equating to a 6% drop in value. The real estate asset group said as of 30 June 2023 an external independent valuation calculated a 6% drop on prior book values for its 32 office properties ... |
| | | | Overvaluation of assets in property has contributed to a choppy market and as investors smell blood in the water more bad news might be on its way. Speaking with Financial Standard, Quay Global Investors principal and portfolio manager Chris Bedingfield ... |
| | | | The world's sovereign wealth funds (SWFs) have doubled their assets under management in the last decade. Preqin's latest Sovereign Wealth Funds 2023 report shows AUM held by funds now totals US$10.4 trillion, as at March end. Notably, US$4.3 trillion ... |
| | | | Andrew Corner, the former chief financial officer of defunct Australian tech company Big Un, has been charged with insider trading. In 2018, Big Un experienced a spectacular surge before allegations surfaced that it was paying commissions to a financial ... |
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