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Showing 1 - 10 of 7508 results for %22June of%22

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... reduction in the company's annualised half year expense base of some $96 million. Such savings will likely materialise in the June quarter and "generate a material impact" on the 2024 financial year profit as the bulk of savings will progressively ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... director of Panacea Capital. He operated the Panacea Capital Cryptocurrency Investment Fund (Crypto Fund) between April 2021 and June 2022. ASIC found Creigh operated the Crypto Fund while unlicensed. In addition, ASIC said he held out that Panacea Capital ...

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... significantly revise their expectations, bringing them in line with our own forecast for three cuts this year, starting in June," she said. "The new dot plot and Summary of Economic Projections (SEP) indicated that inflation has proven to be slightly ...

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... pleaded guilty to carrying on a financial services business without a licence and dealing in the proceeds of crime. Between 24 June 2015 and 21 April 2017, Sipina carried on an unlicensed financial services business, for which he was responsible for ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... will pay for the first levy period which covers compensation claims and costs from April 2, when the CSLR takes effect, to June 30. In the second round, advisers will foot the bill of $18.5 million to cover the period of July 1 to 30 June 2025. Financial ...

Interest rate cut may not come until 2025, experts warn

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... cutting rates until 2025. AMP chief economist Shane Oliver said economists were already expecting the RBA to start cutting in June and the inflation numbers have not been low enough to bring this forward. "The RBA is likely to still be waiting for more ...

GQG builds private markets unit on PAC stakes

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... private equity manager. In 2019, PAC bought a stake in Proterra for an initial investment of US$20.5 million ($31.3m). In June 2023, PAC sold its stake in Proterra Investment Partners Asia to Challenger Funds Management for US$8.25 million ($12.6m). ...

WAM Leaders, QV Equities to merge

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... 2.5% discount. QVE shareholders will likely be given the opportunity to vote on the Scheme at a meeting to be held in late June. QVE's share price is up 7.03% currently and up 6.45% over the past year. WLE share price has remained unchanged and down ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... inception. Analyst Oliver Renton began co-managing the fund in 2022, taking over from Andrew Waddington. A fee comparison dated June 2021 showed that the fund charged a whopping 1.45% in management fees per annum - the highest among the other Pendal ...

Blackwattle Partners launches global fund

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... brings over 18 years of experience in financial services. Bangia spent eight years at Antipodes Partners, before leaving in June 2023. He then had a very short-lived tenure as chief investment officer of troubled fund PAC Capital. Three other investment ...
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