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Showing 8101 - 8110 of 29079 results for "PRI"

New fund listing cancelled

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
A new credit fund has launched but plans to list it on the ASX have been scrapped due to the market volatility as a result of the COVID-19 outbreak. 360 Capital announced the launch of its new Credit Income Fund that will remain unlisted to avoid impacts ...

Retirees hurt by APRA dividend pressure

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
Self-funded retirees have seen their nest-egg investment assets plunge due to COVID-19 and pressure from APRA on companies to cut dividends has made matters worse, according to Midsec Financial Advice. Midsec director Phillip Middleton said APRA's pressure ...

Culture is key in a crisis: Australian Ethical

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
Culture plays the most significant role in risk management during a crisis, according to the chief risk officer of the nearly $4 billion super fund and investment manager. Speaking over the phone for the Governance Institute of Australia's virtual governance ...

Hedge funds rally in April, but YTD still bleed red

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
New data has revealed that hedge funds around the globe staged a recovery in April, with a positive aggregate return of more than 5%. It follows a disappointing March, with almost all the hedge funds tracked by a global database and analytics tool in ...

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
Industry Super Australia has been forced to revise the modelling underpinning their calculations of the impact of the government's Early Release Scheme on retirement balances. An ASIC missive caused the peak body for industry superannuation to reconsider ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Treasurer Josh Frydenberg outlined a bleak future for the Australian economy in a speech to parliament, forecasting GDP to fall over 10% in the June quarter. The figure would be the largest contraction in GDP in Australia's history. "At $50 billion ...

Chief economist update: China's beef with Australia

BENJAMIN ONG  |  WEDNESDAY, 13 MAY 2020
'The Lucky Country' it may be but the year 2020 is not turning out well for Australia. Less than five months into the year and it has gone from devastation wrought by the bushfires, the lockdown forced on society by the coronavirus and, just ...

South Australian wealth firms merge

KANIKA SOOD  |  WEDNESDAY, 13 MAY 2020
An Adelaide wealth advisory and accounting practice has acquired a private wealth firm that was named the Financial Planning Association of Australia's Professional Practice of the Year in 2018. Perks is expanding its Perks Private Wealth business after ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
Commonwealth Bank is set to offload 55% of Colonial First State to a $335 billion global investment firm. Announced to the ASX this morning, CBA has entered an agreement to sell 55% of CFS to private equity firm KKR. CBA said the transaction implies ...

Industry fund reshuffles leadership

ELIZABETH MCARTHUR  |  TUESDAY, 12 MAY 2020
The $11 billion industry fund for the coal mining sector, Mine Super, has a new deputy chief executive and a new chief risk officer. Vasyl Nair has transitioned from chief risk officer to deputy chief executive. Nair had been chief risk officer at the ...