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Showing 951 - 960 of 11927 results for "BAC"

Fed's Powell says 'time has come' to cut rates

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
US Federal Reserve chair Jerome Powell has declared that inflation is on a sustainable path back to the 2% target and the "time has come" to start cutting interest rates. Powell spoke to global central bankers, policymakers, economists, and academics ...

Pacific Current sees profits up 24%

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
Pacific Current Group (PAC) saw funds under management grow 18% to $42.5 billion for the full year ended June 30. Boutique Contributions, ex mark-to-market adjustments, grew 16% driven by a 23% growth in management fee-related revenues. In addition ...

Minchin Moore merges with Brand Financial

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
Minchin Moore has merged with Queensland-based Brand Financial to open its new Brisbane office in a move it said is part of its national expansion strategy. In addition to the merger, Justin Brand has been names as partner and regional manager for Queensland. ...

RI Toowoomba eyes regional market

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
RI Toowoomba has acquired a risk advice business as it flags bold ambitions to acquire four more regional practices before the end of the year. RI Toowoomba, which is part of the AZ NGA stable, has recently taken over Lifecover Australia, a risk-only ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
Private credit continued to buoy Qualitas' performance in the 2024 financial year while Charter Hall contracted against a tough real estate sector. Qualitas reported a 46% jump in total funds under management (FUM) to $8.9 billion thanks to several ...

Managed funds bounce back after bearish Q1: Calastone

ANDREW MCKEAN  |  WEDNESDAY, 21 AUG 2024
Managed funds in Australia have rebounded into inflow territory for the first half of 2024, following a bearish first quarter, according to Calastone. The global funds network reported that local investors injected $3.21 billion into unlisted managed ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
In a first for ASIC, Libertas Financial Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR). Libertas, which went into liquidation in September 2023, failed ...

Aware Super welcomes new chair

MATTHEW WAI  |  TUESDAY, 20 AUG 2024
Aware Super has appointed Christine McLoughlin as its chair, effective October 1. The appointment follows the departure of Sam Mostyn, who stepped down to become Australia's governor general in April. McLoughlin joins the board with over 25 years ...

Channel Capital launches European Private Credit Fund

ANDREW MCKEAN  |  TUESDAY, 20 AUG 2024
Channel Capital has launched the West Street European Private Credit Fund (AUD) for Australian wholesale investors. The asset manager's fund is an open-end unit trust that accesses Goldman Sachs Asset Management's European private credit strategy, which ...

CFS, Bravura, Elemnta team up to enhance FirstChoice

ANDREW MCKEAN  |  TUESDAY, 20 AUG 2024
Colonial First State (CFS) has introduced a new functionality on the former's FirstChoice platform that enables advisers to "utilise existing client data via seamless integration with Midwinter AdviceOS." Developed in collaboration with Elemnta, this ...