Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 6416 results for "December"

Pension Protection Fund appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2024
... was most recently senior vice president and global head of capital markets at PSP Investments, a role she departed in December 2023. She also serves as chair of the International Centre for Pension Management. She brings more than 30 years' experience ...

Spheria mulls converting emerging companies LIC

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... Smaller Companies Fund. This follows SEC consistently trading below its net tangible asset (NTA) per share since its IPO in December 2017, despite strong performance and improved transparency measures. The proposal, developed in conjunction with Spheria ...

HUB24 sets sights on $100bn FUA

KARREN VERGARA  |  TUESDAY, 16 JAN 2024
... 2025. In a quarterly update released this morning, the investments platform announced it hit $91.2 billion at the end of December 2023, up 25% year on year. Of the total FUA, some $72.4 billion comes from platform services, while Portfolio, Administration ...

Experts expect the RBA to hold: Finder

CHLOE WALKER  |  MONDAY, 15 JAN 2024
... 19 experts and economists, also found that half (40%) of respondents don't expect the RBA to start cutting rates until December 2024 or later. Finder head of consumer research Graham Cooke said that local homeowners are still reeling from 13 rate hikes ...

Cromwell downgrades assets by $192m

KARREN VERGARA  |  MONDAY, 15 JAN 2024
Cromwell Property Group saw the value of its assets dive $192.1 million in the six months to December 2023. The amount represents a 7.5% reduction following an independent valuation. This is across eight out of nine properties. The real estate fund ...

Centuria REIT valuation dives $124m

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2024
... decline of 5.6%. Meanwhile, the weighted average capitalisation rate across the portfolio grew 26 basis points from June to December end, coming in at 6.26%. As at 30 June 2023, the total book value was $2.23 billion. The remainder of the portfolio was ...

Pinnacle collects large performance fees, writes down OpenInvest

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
... investment is now only worth $240,000. In 2021, Pinnacle made a $3 million cornerstone investment in OpenInvest. Last December, Tayside Group, the family office of the Smith family, injected an undisclosed amount into OpenInvest - a transaction that ...

ASIC cracks down on Prospero for reporting failures

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
... the Corporations Act. Its investigation commenced on 16 November 2023 and is looking back as far as 1 March 2021. In December, Prospero was requested by ASIC to provide an undertaking promising not to deal with client funds without ASIC's permission. ...

Inflation eases to 4.3%

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... of discounts in November. Shoppers may have also brought forward some Christmas spending that would usually happen in December." "The popularity of Black Friday events is affecting spending patterns in the lead up to Christmas. This causes more volatile ...

BlackRock to cull 3% of global workforce

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
... January and another headcount trim in June due to budget reallocations. BlackRock had 19,800 employees at the end of December 2022, according to a filing with the US Securities and Exchange Commission.