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| | | ... victims. The Federal Court has found Caddick and her company, Maliver, carried out a financial services business without holding an AFSL. The court has therefore ordered that Maliver be wound up and Caddick's assets be collected, sold and funds distributed ... |
| | | | Link Group announced it received another unsolicited proposal for its banking and credit management (BCM) business and provided an update on Carlyle Group's progress in its takeover bid. Link received an unsolicited, conditional and non-binding proposal ... |
| | | | Saxo Markets has made two senior appointments in its Australian team, hiring a high-profile broadcaster from Bell Direct and a national manager from IOOF. Jessica Amir has been appointed Saxo's Australian market strategist. She joins from Bell Direct ... |
| | | | ... but the overall proportion of the sector dropped from 77% to 61%. "Over the same period the proportion of LICs and LITs holding global equities has almost doubled from $8.5 billion in total to $16.1 billion, to account for 29% of the sector," LICAT chief ... |
| | | | ASX-listed InvestSMART Group has added a diversified ethical portfolio to its investment menu. The Ethical Growth Portfolio invests in five to 15 ethical ETFs across Australian equities, international equities and bonds. The Morningstar Australia Moderate ... |
| | | | Orbis Investment Advisory, the contrarian global asset manager and sister company of Allan Gray Australia, has today announced the appointment of Jenny Josling as chair of the company, after almost 15 years at the helm as managing director. Jason Ciccolallo ... |
| | | | ... bonds. The disclosures around cash holdings are so unclear that funds will not have to disclose whether they are actually holding cash or cash-like investments, this will make analysis of cash investments difficult. The grouping of derivatives into types ... |
| | | | ... response to the increased likelihood of higher inflation and lower unemployment, the effectiveness of the yield target in holding down the general structure of interest rates in Australia has diminished." At the same time, it promised: "The board will ... |
| | | | ... their bids." ISA said this would have robbed funds of the chance to sell assets at a premium. "ASFA has advocated that the holding valuation of unlisted assets should be disclosed as a range or bundled with similar assets, and we are pleased to see the ... |
| | | | ... very important hurdles that make this difficult. There is a cost to reserving too much, it is the opportunity cost of holding too much cash. The second thing is when you should be using reserves," McCrudden said. "We think a researched-driven, disciplined ... |
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