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Showing 71 - 80 of 30604 results for "fund"

Praemium loses $700m due to adviser transitions

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
Praemium is feeling the pressure from financial advisers moving advice groups and transitioning their clients away from Powerwrap. In its March quarterly update, Praemium chief executive Anthony Wamsteker said the Powerwrap scheme experienced $53 million ...

Small cap investors told to 'stop whinging'

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
Forager Funds Management chief investment officer Steve Johnson has told small cap investors to "stop whinging" about share prices. In an exerpt from the March Quarterly Report, Johnson said there are plenty of smaller companies that have seen significant ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... relationship with Scholz, in which Blumenthal's private company, Anglo Menda, had lent more than $7 million to Scholz to fund his trading in Creso shares. "The contraventions are interrelated. They each had their source in Mr Blumenthal's large shareholding ...

UniSuper selects new group insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 APR 2024
After more than a decade in business, UniSuper has dropped TAL as its group insurer. The $135 billion superannuation fund has called time on its relationship with TAL, which began in November 2013. Effective June 1, MetLife will serve as group insurer ...

State supports move to close super loophole exploited by paedophiles

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
South Australia has become the first jurisdiction in Australia to support a motion calling for the close of a legal loophole that protects paedophiles' superannuation from access by survivors of child sexual abuse. The Legislative Council unanimously ...

Mine Super cuts fees, updates investment options

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... administration fees members pay next month as it moves forward with its merger with TWUSUPER. Effective May 20, the industry fund said administration fees will be lowered 25% from $52 to $39 per year for super members due to the upcoming merger which ...

MLC Private Equity launches insto fund

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
A new private equity fund launched by MLC Private Equity has raised US$762 million ($1.2bn). The fund, MLC Private Equity Partners, invests in global middle-market private equity opportunities and co-investments in sectors such as healthcare, technology ...

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... avoid a recession with the RBA holding the cash rate at 4.35% until at least 2025." This comes as the International Monetary Fund (IMF) urged global central banks to "stay vigilant" against the threat of inflation. "A sense of optimism has pervaded financial ...

Russell Investments introduces new ESG-focused ETF

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
Russell Investments has launched its first multi-strategy exchange-traded fund (ETF) in Australia, offering investors access to an actively managed portfolio of international shares with a focus on environmental, social and governance (ESG) considerations. ...

Betashares plans to launch first 'moderately geared' ETFs

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
... geared exposure to an 'all-cap, all-world' share portfolio. "The Wealth Builder funds are internally geared, which means each fund enters into the borrowing arrangement itself, which ensures that investor risk is limited to the capital invested, with ...