Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 951 - 960 of 10642 results for "Mad"

Rogue Sequoia shareholders slapped with orders

KARREN VERGARA  |  MONDAY, 15 JUL 2024
The Takeovers Panel has slapped a series of orders on Sequoia Financial Group shareholders who attempted to overthrow the leadership. The panel handed down several restrictions on the rogue shareholders and their associated entities that have substantial ...

Clime chief executive resigns

KARREN VERGARA  |  MONDAY, 15 JUL 2024
Clime Investment Management chief executive Annick Donat is exiting shortly after the ASX-listed firm announced an overhaul of its business model. Donat said she decided to step down after three years in the top job. Her final day is July 31. Before ...

Bitcoin ETF price war: VanEck, Monochrome cut costs

ANDREW MCKEAN  |  FRIDAY, 12 JUL 2024
VanEck has cut the management fee for its Bitcoin ETF (ASX: VBTC) to 0.49% per annum, just days after Monochrome Asset Management made a change. The ETF provider said the decision followed more than $18 million flowing into the fund since its launch ...

Platinum ends FY24 with $13bn FUM

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
Platinum Asset Management ended the 2024 financial year with $13 billion in funds under management (FUM), down nearly 30% from the prior year. The fund manager saw about $234 million exit in net flows in the month of June. The majority of this - $195 ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The US Federal Reserve (Fed) has indicated that a cooling labour market has alleviated inflation pressures, signalling to investors that interest rate cuts could be on the horizon. June's US consumer price index (CPI) data revealed a rise of 3% from ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability ...

Insignia Financial overhauls operating model, executive team

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
Just a day after denying it has engaged Citi to consider takeover offers, Insignia Financial has overhauled its entire operating model and executive lineup. Insignia Financial is moving away from its current functional operating model and introducing ...

The investment managers winning the biggest mandates

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
Some investment managers still scored large mandates despite an overall nosedive in appointments by not-for-profit super funds. Alphinity, which manages $31.39 billion of Australian-sourced funds, was awarded a $2.92 billion international equites mandate ...

Spaceship returns 19.41% to super members

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
Spaceship's superannuation offerings have delivered some of the best results seen so far, with its flagship product returning almost 20% while the other achieved close to 17%. The GrowthX investment option, first launched in January 2017, returned 19.41% ...

Stake to operate under its own AFSL

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
Stake currently provides financial services as an authorised representative of Sanlam Private Wealth and global payments giant Airwallex; both hold an AFSL. But soon, Stake will operate under its own AFSL, offering services as an authorised representative ...