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Showing 81 - 90 of 5983 results for "September"

Calastone appoints new local head

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
... corresponding downturn in equity markets. "The stock market in Australia and around the world duly fell in August and September, turning what was already a lacklustre start to the financial year into a distinctly soggy one," she said.

Clime IM doubles down on strategy, taps into AI

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
... under management (FUM). Last week, the ASX-listed wealth company reported a decline in its FUM to $1.25 billion for the September 2023 quarter, a 1.8% decrease from the preceding quarter. Its funds under advice (FUA) settled at $4.3 billion, indicative ...

Rival bidder seeks to acquire Diverger

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... for all the 37,674,103 Diverger shares on issue. This dwarfs Count's offer of $1.14 per share, which Diverger in late September flagged that it would accept. Diverger's major shareholder HUB24 also gave the green light for the takeover. The indicative ...

Local fund managers lag global peers: FSC

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... products. It said Australia's fund management industry boasts with $4.31 trillion in funds under management (FUM) as of September 2022 - an increase of 13% from June 2020. At the same time, however, the proportion of assets managed in Australia on ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
... index data yesterday, showing a moderation in annual inflation from 6% to 5.4%. However, inflation climbed 1.2% in the September quarter, outpacing the 0.8% increase in June, prompting GSFM investment strategist Stephen Miller to label an upcoming interest ...

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
... behalf of retail investors who claim to have collectively lost hundreds of millions of dollars trading CFDs between September 2017 and March 2021. Funded by global ESF and litigation finance business Woodsford, the action alleges that investors suffered ...

Magellan chief executive quits

CASSANDRA BALDINI  |  WEDNESDAY, 25 OCT 2023
... announce that additional retention payments will be made to close out the ESPP Loan balances for the majority of staff by September 2025," Formica said. He explained the fund manager has initiated the development of a new employee accountability and ...

Insignia's managed account FUM swells

STAFF WRITER  |  MONDAY, 23 OCT 2023
... $1.3 billion is held in the separately managed accounts (SMA) managed by MLC Asset Management on MLC Wrap. The month of September saw record flows for both MDAs and SMAs, Insignia said, clocking $248 million in net flows. "We are pleased to see the uptake ...

ASIC bans former PwC partner over tax scandal

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
... non-executive chair, to its governance board. Further, it will publish comprehensive, audited financial statements by September 2025. PwC said the plan is built on five key commitments to drive change and is supported by several key actions. The first ...

Three actively managed funds shutter

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... to June 2023 and aimed to beat the S&P/ASX 300 Accumulation Index. Total returns since inception stood at 7.9% as at September. The fund's responsible entity Australian Unity said it has suspended new investor applications and additional contributions ...