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Showing 71 - 80 of 151 results for "USD 0.80"

Portfolio manager caught out faking returns

KANIKA SOOD  |  FRIDAY, 19 JUL 2019
... employed by a company referred to as Fund Adviser which provided investment advisory services to private funds including a USD $376 million fund where Rege was one of the many portfolio managers. Rege mispriced the investments of a private fund from ...

Bonds raise alarm at fund manager

KANIKA SOOD  |  WEDNESDAY, 3 JUL 2019
... continue to be committed to providing investors with fully-transparent updates as to our funds' holdings." The firm had USD $32.5 billion under management as of December 2018. Following the illiquidity concerns, investors pulled out billions from ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
Reserve Bank of Australia governor Philip Lowe is set to be remembered in history as the man who took Australia's official cash rate from a historic low of 1.5% - set under Glen Stevens one month before he stepped down as RBA head honcho in September ...

Major instos hit with cartel class action

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
Maurice Blackburn today filed a class action in the Federal Court suing UBS, Barclays, Citibank, Royal Bank of Scotland and JP Morgan. The class action alleges the banks colluded to rig foreign exchange rates during a period between January 2008 and ...

Chief economist update: The AUD's resilience

BENJAMIN ONG  |  TUESDAY, 19 MAR 2019
... that the "the likelihood of the next move in interest rates is up rather than down." The AUD was depreciating against the USD (down by 10% in 2018) and in trade weighted terms (down by 6.5%). This, in other words, is a de facto monetary policy easing. ...

Younger HNWs splashing on art

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... for 91% of collectors. In Hong Kong, millennials were 39% of the respondents. Overall, global art sales climbed 6% to hit USD $67.4 billion. Millennials emerged as active buyers, preferring design objects followed by fine art and antiques. Of all groups ...

Swiss manager invests in Queensland solar

KANIKA SOOD  |  THURSDAY, 15 NOV 2018
... transition fund and the SUSI Asia energy transition fund. The OECD strategy will target 9-12% in returns. It has a capacity of USD $1 billion. The investment team will look for potential investments in areas including large scale solar farms, wind re-powering ...

Are ETFs really the next smartphones?

DARREN SNYDER  |  FRIDAY, 12 OCT 2018
Investment in exchange-traded funds can no longer be "phoned in" especially when the products are viewed as a transcendent technology that will reshape the traditional fund landscape. Using the analogy that smartphones have become less about calling ...

Elon Musk steps down as Tesla chair

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
SMSF stock darling Tesla Inc. is set to see a board revamp after Elon Musk settled a tweet-led securities fraud charge with the US corporate regulator. Last week, the Securities and Exchange Commission charged Musk with securities fraud over his August ...

Natixis consolidates, appoints executives

KANIKA SOOD  |  MONDAY, 17 SEP 2018
... the managing director, multi-asset solutions. He was also HSBC Insurance's group chief investment officer, where he managed USD $120 billion across 22 countries. Hughes will join Natixis in December 2018.