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Showing 941 - 950 of 6936 results for "% December"

Sequoia FG revises profit expectations

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2023
Sequoia Financial Group has updated its profit guidance for the first half, saying several "abnormal items" will negatively impact its bottom line. In November, the group said it was expecting EBITDA in the first half of between $4 million to $5 million. ...

KKR halts REIT withdrawals

CASSANDRA BALDINI  |  FRIDAY, 20 JAN 2023
KKR & Co. has slowed down investor withdrawals from its US$1.6 billion KKR Real Estate Select Trust Inc. (KREST) following a high volume of redemption requests. The halt strengthens views that REITs are in hot water following last month's withdrawal ...

Perpetual reports $1.2bn loss amid merger

CASSANDRA BALDINI  |  FRIDAY, 20 JAN 2023
Perpetual reported it took a $1.2 billion hit in December ahead of its Pendal Group takeover, which is now due to be completed on Monday. Despite the loss, the investment manager said it "benefited from a rebound in equities markets" and ended the year ...

Netwealth reports FUA increase

CHLOE WALKER  |  THURSDAY, 19 JAN 2023
Netwealth's funds under administration (FUA) increased by $4.3 billion in the December quarter, bringing the total to $62.4 billion. Netwealth said its FUA increased a total of $5.8 billion in the 12 months to December, representing a growth of 10.2%. ...

From strength to strength: GQG Partners

ANDREW MCKEAN  |  WEDNESDAY, 18 JAN 2023
GQG Partners is aiming to be a top-ranking active equity manager in Australia, according to managing director Laird Abernethy. In an interview with Financial Standard, Abernethy said that despite market turbulence, GQG has performed exceptionally, with ...

HUB24 inflows slow amid challenging market dynamics

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
HUB24 recorded $2.8 billion of platform net inflows in Q2 FY23, down 23.6% year on year. The funds platform also saw net inflows of $5.8 billion in 1H FY23, a drop of 13.6% from the previous corresponding period. In an ASX announcement, HUB24 said its ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
Social security measures relating to the Age Pension are among the most popular regulatory topics for Australian financial advisers, based on the questions they're asking BT's technical team. According to BT, the $4000 increase to the work bonus for ...

Link Fund Solutions hit with further legal action

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
Link Fund Solutions is the subject of a new group action in England related to the now infamous Woodford fund failure. Law firm Leigh Day has served the action after it and another firm, Harcus Parker, had applications for a Group Litigation Order regarding ...

ASIC commissioner to join Vanguard

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
ASIC commissioner Sean Hughes is set to lead Vanguard Australia's legal and compliance function. Hughes was due to end his five-year term in December but will now finish up on February 3. "We are grateful for the contribution Sean has made to ASIC ...

Adviser who faked signatures sentenced in court

CHLOE WALKER  |  MONDAY, 16 JAN 2023
Former Adelaide-based financial adviser Tai Thanh Nguyen has pleaded guilty to two counts of falsifying company books. Nguyen was convicted on both counts and placed on recognisance in the sum of $1000 to be of good behaviour for two years. The former ...