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Showing 811 - 820 of 6958 results for "March"

More misfortune for Magellan

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
... the month. In total, Magellan's FUM now sits at $42.7 billion. This time last year, it had $68.6 billion. At the end of March, Morningstar downgraded Magellan to a "very high" uncertainty rating. The further drop in FUM comes as the fund manager targets ...

ASX expands partnership program criteria

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
... begun preliminary discussions on the industry testing approach, as well as potential implementation options," she said. In March, Lofthouse announced that the chief information officer role has been revamped. The current group executive of technology ...

Uptick in adviser numbers: Research

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
... The financial advice industry bucked the trend for the first time in more than three years, adding 626 advisers during the March 2023 quarter. A new report by Rainmaker Information shows that the advice profession gained several advisers in the non-aligned ...

Wingate launches third credit fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... is well placed to deliver on the fund mandate to provide co-investors with enhanced risk-adjusted returns," he said. In March, Wingate set up a $200 million senior warehouse funding facility with Goldman Sachs specifically for private construction debt. ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... financial services software provider used by the likes of AMP and Bombora Advice, went into voluntary administration on March 15, and was scooped up by liquidators HoganSprowles. Creativemass' flagship product WealthConnect caught the eye of AMP ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
The Future Fund has delivered a positive 1.1% return over the 12 months ending March 2023, surpassing the ASX (0.1%) and S&P500 (-7.7%). Future Fund Board of Guardians chair Peter Costello explained that as central banks, including the Federal Reserve ...

Lumiant acquires longevity app

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... $3 million to help with expansion plans and in September, it received an undisclosed amount from investor Ric Edelman. In March, Lumiant closed another seed funding round totaling $5.2 million.

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... Bureau of Statistics (ABS) has reported a decrease in inflation, with the Consumer Price Index (CPI) falling to 7% in the March quarter. ABS head of prices statistics Michelle Marquardt attributed the decrease in inflation to a fall in prices for goods ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... around 20-25% in Q2 2023. First Republic chief financial officer Neal Holland said with the closure of several banks in March, the bank experienced unprecedented deposit outflows. "We moved swiftly and leveraged our high-quality loan and securities portfolios ...

Insignia reports advice outflows, adviser losses

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... self-licensed. Losses within the Advice business have been largely seen within the Advice Services channel, Insignia said. As at March end, Insignia had 1241 advisers across Advice Services, down from 1278 at December end. Overall, the business saw 42 ...