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Showing 1 - 10 of 1129 results for "Gross"

Australian Unity to shed 195 roles

MATTHEW WAI  |  FRIDAY, 5 JUN 2026
... in FY27, as "no transactional activity is expected to be completed and recognised prior to 30 June 2026." "The aggregate gross asset value of funds under management has also been adversely affected by market volatility and net outflows in asset classes ...

Perpetual acquires majority stake in Interfi

VINNY VUCAGO  |  FRIDAY, 5 JUN 2026
... customary conditions. The acquisition comes as Perpetual continues to improve its balance sheet. The company said it expects gross debt to fall by approximately 15% by 30 June 2026, even after accounting for the Interfi acquisition and recent debt facility ...

Cooling economy could keep RBA on hold

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2026
Australian gross domestic product (GDP) rose 0.3% in the March quarter 2026 and 2.5% compared to a year ago, according to the Australian Bureau of Statistics (ABS). "Economic growth slowed in the March quarter, with modest household and public sector ...

Invesco, Trinetra IM strategies to wind up

KARREN VERGARA  |  WEDNESDAY, 3 JUN 2026
... total return over a market cycle with a low-to-moderate correlation to traditional financial market indices, targeting a gross return of 6% p.a. above the Bloomberg Ausbond Bank Bill Index with 8% p.a. target portfolio volatility. It returned 22.1% p.a. ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
Major bank Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their ...

Feature: Private credit | The fine print

RIDDHIMA TALWANI  |  FRIDAY, 22 MAY 2026
... investors from the adviser channel. At present, a wholesale investor is someone with net assets of at least $2.5 million or a gross income for each of the previous financial years of at least $250,000 a year. "They're likely not truly sophisticated ...

Low fees a strong indicator of fund survivorship: Morningstar

RIDDHIMA TALWANI  |  FRIDAY, 15 MAY 2026
... the cheapest quintile." However, Morningstar said while active managers frequently outperform fixed-income indexes on a gross-of-fees basis, these gains do not always translate into superior net outcomes once fees are accounted for. "Broadly, these findings ...

Chalmers chooses 'hard road of reform' in Budget

ELIZA BAVIN  |  TUESDAY, 12 MAY 2026
... 2026-27 than forecast in the mid-year, saving the government $70 billion in interest costs over the decade. The peak in gross debt is now forecast to be 35.8% of GDP, 1.2 percentage points below the mid-year update. "Gross debt as a percentage of GDP ...

OECD recommends NZ overhaul pension system

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2026
... population is putting increasing pressure on its fiscal deficit and, without reforms, public debt will rise towards 200% of its gross domestic product. As a result, it recommended New Zealand implement a combined public and private pension and NZ Super ...

Bell Financial looks to diversify revenue, targets 'holistic' strategy

RIDDHIMA TALWANI  |  FRIDAY, 8 MAY 2026
... migrate all existing portfolios on Praemium platforms and continue driving uptake from existing and new clients to build on gross inflows.
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