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Showing 1 - 10 of 3956 results for "August"

Jobs data 'final nail in the coffin' for rate rise

ELIZA BAVIN  |  THURSDAY, 24 SEP 2026
The seasonally adjusted unemployment rate rose to 4.6% in August, according to the Australian Bureau of Statistics (ABS). "This month there was 39,000 more people in employment, and 28,000 more people in unemployment," ABS head of labour statistics ...

Prime Value Opportunities Fund winds up

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2026
... does not affect the ongoing operation of Prime Value or its other investment funds," the responsible entity said in mid-August. Upon finalising the wind up, PVAM confirmed overnight that "the fund had been operating for approximately 14 years and generated ...

Praemium brings forward chair succession

VINNY VUCAGO  |  WEDNESDAY, 23 SEP 2026
... while responding to changing expectations among high-net-worth investors. Research from Praemium and Core Data published in August found 80% of high-net-worth investors who work with an adviser had already used artificial intelligence (AI) for financial ...

Rest director for product departs

MATTHEW WAI  |  WEDNESDAY, 23 SEP 2026
... high-profile exits from the fund in recent months. Former chief financial officer John O'Sullivan left the fund in August to take on the role of head of financial and tax and deputy chief financial officer role at HESTA. Earlier this month Rest head ...

Mulino opens CSLR special levy consultation

ELIZA BAVIN  |  TUESDAY, 22 SEP 2026
... adopt the waterfall framework, which was announced when he unveiled sweeping reforms to the financial services industry in August. The "rules-based special levy 'waterfall'" framework was designed to respond more predictably to large-scale, investment-related ...

Magellan shuts down Vinva global equity retail funds

KARREN VERGARA  |  MONDAY, 21 SEP 2026
... strategies, two years after they were brought to market. Reaching $165.3 million in assets under management at the end of August, Magellan, as responsible entity, told investors the fund has not reached sufficient scale to be sustainable over the longer ...

Netwealth faces potential class action over First Guardian failure

RIDDHIMA TALWANI  |  MONDAY, 21 SEP 2026
... governance under a new consultation as part of minster for financial services Daniel Mulino's reform package unveiled in August. "Superannuation trustees are a critical safeguard for Australians' retirement savings and must undertake rigorous ...

Sequoia plots potential restructure

MATTHEW WAI  |  FRIDAY, 18 SEP 2026
... interests of the company and its stakeholders." Crole has since been banned for 10 years by ASIC earlier this month. In August, Sequoia also saw its chief financial officer Lizzie Tan leaving the company, while stating that it will not pay any dividends ...

MA Financial launches $500m fund

MATTHEW WAI  |  FRIDAY, 18 SEP 2026
... redemptions on another separate fund as a proactive measure in response to the potential increase in redemption activity in August.

Fed's rate hike exacerbates Australia's outlook

MATTHEW WAI  |  THURSDAY, 17 SEP 2026
... 2%, Chesler said, noting oil price surges is also threatening the global economy. "The US economy also remains resilient. August employment increased by 162,000, unemployment is around 4.1%, and consumer and business spending remains reasonably strong," ...
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