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Showing 911 - 920 of 10699 results for "May 26"

Janus Henderson to buy private credit manager Victory Park Capital

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
Janus Henderson will acquire a majority stake in private credit manager Victory Park Capital Advisors after Pacific Current Group agreed to divest part of its interest in the firm. The London-headquartered asset manager said that the acquisition of ...

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
The Australian Financial Complaints Authority (AFCA) said the average loss on a superannuation scam complaint was just under $90,000. AFCA said of the nearly 11,000 complaints in relation to scams last financial year, less than 20 came from superannuation ...

TelstraSuper fields influx of merger offers

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2024
After announcing in May that it is looking to merge, TelstraSuper has received "a high level of interest" from its peers. In an update on the merger process, TelstraSuper said its board is currently considering information provided by a range of superannuation ...

Trump victory will jostle trade war, interest rates: Morningstar

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
The potential re-election of Donald Trump will likely jostle inflation and interest rates, and stoke further trade wars with China, according to Morningstar. If Trump wins in November, Morningstar director of equity research for Australia and New Zealand ...

What Yarra Capital is buying in the dip

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
Global markets were rocked at the start of this week over fears of a potential US recession after a higher-than-expected jump in US unemployment figures. But Yarra Capital head of macro and strategy Tim Toohey said while the risk of a recession in the ...

Australia sees jump in zombie companies

ELIZA BAVIN  |  THURSDAY, 8 AUG 2024
A new study from global consulting firm Kearney revealed the number of zombie companies in Australia increased 13.6% in the past year. Zombie companies - those which don't produce enough profits to cover debt obligations - now account for 5.8% of ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
The ASX had its worst day since March 2020 yesterday, wiping $102 billion as investors got the jitters over a potential US recession. Mediocre jobs data released in the US sparked recession fears with investors also concerned the Federal Reserve is ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable ...

Most Australians proactively retire: Research

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
Two-thirds of Australians with guaranteed income streams are proactively retiring with fewer worries and are doing so to enjoy their twilight years, contrary to popular belief, a new study reveals. Research from Macquarie University's School of ...

J.P. Morgan expands ETF suite

MATTHEW WAI  |  THURSDAY, 1 AUG 2024
J.P. Morgan Asset Management (JPMAM) today announced the listing of JPMorgan Global Equity Premium Income Complex ETF (JEGA) to its equity premium income suite, which houses other strategies of JEPI and JPEQ. The new ETF, which seeks to generate 7-9% ...