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Showing 851 - 860 of 14039 results for "Down"

GQG's FUM rockets to record US$155.6bn

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
... reported year-over-year growth in Australian wholesale FUM to US$2.9 billion, an 81% increase. While GQG's share price is down 2.46% at the time of writing, it remains up approximately 76% over the past year.

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... largely driven by the exchange's markets, and technology and data businesses. Underlying net profit after tax (NPAT) was down 3.4% to $474.2 million. Statutory NPAT, however, increased as the massive loss of $176.3 million was recognised in FY23 ...

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... coming in at $177.9 million as at June 30. The Funds Management business saw profits before tax of $158.3 million, which was down 25%. As at June 30, Magellan's funds under management stood at $36.8 billion, also down 25% on the prior corresponding ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

Global X names head of portfolio management

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... exiting the firm this month after 11 years with the business. In addition, Global X chief executive Evan Metcalf will step down from his role at the end of October after a decade with the firm. During the transition period, chief operating officer Oliver ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... the number of APAC-based funds closing and the capital they're raising have both declined. In 2023, only 25 funds closed, down from 40 in 2022, and half the peak of 51 closed in 2021. The capital raised by these funds fell from $7.8 billion in 2022 to ...

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
Australians' pay packets grew by 0.7% in the June quarter, the latest Australian Bureau of Statistics (ABS) shows, down 0.9% from the prior quarter. Annually, the rate of growth for wages in the private sector was 4.1%, down from three consecutive ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... analysts highlighted as a "key number" was up 14% to $417 million. However, annuity sales, also considered a key figure, were down 6% to $5.2 billion. Challenger managing director and chief executive Nick Hamilton said the firm had delivered a very strong ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... seeing its assets under custody drop by more than 19% in the period. Ranked 12 th in Australia, it now oversees $21 billion, down from $26 billion at the end of 2023. This was driven by a decline in its non-Australian assets under custody, down 23.8%. ...

How many advisers will Australia have in 2044?

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... of advisers in 2037." Rainmaker calculated a total of 15,825 financial advisers registered with ASIC at the end of June, down 1.6% from the prior period. "The dramatic collapse in the number of registered financial advisers in Australia forces us to ...