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| | | ... 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. |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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%. ... |
| | | | ... 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 ... |
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