Search ResultsShowing 1 - 10 of 100+ results for "Money"
Family office manager hires Discovery director
KANIKA SOOD  |  FRIDAY, 17 JAN 2020
A Sydney firm that manages money for family offices and high-net-worths has hired a portfolio manager from Discovery Asset Management which shut shop last year. Peter Moller has joined Harper Bernays, which describes itself as one of Australia's "oldest ...
Analysts remain wary as ASX breaks 7000
ALLY SELBY  |  FRIDAY, 17 JAN 2020
... that the market was due for a correction. "The price action is reflective of a market being propelled forward by cheap money and short-term speculators more than willing to take risks with that cheap money," he said. "Everyone is chasing momentum, trying ...
Cbus head of advice launches firm
KANIKA SOOD  |  FRIDAY, 17 JAN 2020
... financial advice," Harper said. "The way many superannuation funds have done it is that they have used members' pooled money to subsidise the cost of non-intrafund advice. "The law clearly says that members' money can't be used for advice other than ...
New fund invests $45m in SA
ELIZA BAVIN  |  FRIDAY, 17 JAN 2020
... fund has invested $45 million into the South Australian health and biotech industries. The Chinese fund has invested the money to accelerate the development and commercialization of health and medical research outcomes from South Australia. The new Adelaide ...
Goldman Sachs $1b corruption bill
ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... profit causing a 22% decline in earnings. The 1MDB scandal has been ongoing since 2016, with claims of embezzlement and money laundering with the bank under scrutiny for its role in raising money for the Malaysian government owned investment fund that ...
PIMCO a hit with Aussie instos
KANIKA SOOD  |  WEDNESDAY, 15 JAN 2020
PIMCO has emerged as the manager that won the most institutional money in Australia for the year ending September, according to data from more than 5000 mandates compiled by Rainmaker Information. The global manager raised $3.7 billion -- most of it ...
Better retirement income products needed
ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
... people treat the age pension and their own savings differently." Cooper said it's clear people fear running out of their own money, even though the safety net of the age pension will be there for them. "This sends a strong signal that people worry about ...
The Income Store closed for business
ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
... investor funds were used to pay returns for older investors - in a Ponzi-like fashion. Courtright allegedly also used the money to pay off his own mortgage and to send his children to expensive private schools. "Todays Growth Consultant and Courtright's ...
Bank of Mum and Dad forking out serious dosh
ALLY SELBY  |  TUESDAY, 14 JAN 2020
... secure equity for a first home deposit, and financial advisers are split on the growing trend. For some, the lucky few, the money for the deposit is a gift. For others, it's a loan, with parents offering to match their kid's savings or covering ...
Franklin Templeton veteran readies two funds
KANIKA SOOD  |  MONDAY, 13 JAN 2020
... raised US $4 billion so far. Nearly half of the externally-sourced assets are from Australian investors, where it manages money for a few superannuation funds.
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