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Showing 31 - 40 of 301 results for "Divestment"

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... Pacific. Jason Yetton was appointed to lead the review of each business and, in the three years since, executed the divestment of most; just last month it was decided Westpac would retain platforms. With that project now complete and no further need ...

PE success all about fund selection: Rest

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
Australia's private equity market solidified its position as the fastest-growing sector to boost private capital markets in 2022, following a raising of about $9 billion. When hunting returns off the back of its success, Rest head of private equity ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... John Dyall said. "Because of large monthly flows from specific products, it appeared there was a large and significant divestment plan." Dyall added that it was perhaps former institutional partners (maybe commonly owned life companies, stat funds, retail ...

Challenger settles real estate unit divestment

KARREN VERGARA  |  MONDAY, 10 JUL 2023
... industrial and office sectors. Elanor now has $6.4 billion in assets under management post-transaction. Upon announcing its divestment, Challenger managing director and chief executive Nick Hamilton said at the time that combining its real estate platform ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
... Development Goals and other parameters, super fund ESG portfolios have in recent years clearly evolved from simplistic divestment strategies to a mix of divestment, engagement and positive portfolio construction. And this should be overlaid with how ...

Iress outlines product-led growth strategy

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
... returns. As previously reported, Iress' strategy also includes a headcount reduction of 10% by June 2023 and a divestment of non-strategic assets, beginning with the company's MFA and Platforms businesses. Iress will instead prioritise investments ...

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... regulators to prevent human rights abuses," Equity Generation Lawyers said. "If leverage fails, funds are to consider divestment. All such actions are understood to be permitted and arguably required by Australian law particularly in circumstances where ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... per share to gain about $8.7 million in total. As at December 2022, CVC had a 37.2% holding in Eildon. CVC said the divestment releases capital earmarked for future commitments related to contracted investments; it will also be used for investments in ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... participate as long-term owners, Turner said. "As investors, once an instance has been found, our first step shouldn't be divestment, our first step should be to lean in and engage," Turner said. "We know that divestment and remedy don't go hand ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
Insignia Financial recorded a 67% increase in net profit after tax for the first half, while also seeing a drop in its funds under management and administration of $5.5 billion. Reported to the ASX today, Insignia's NPAT was $45.1 million, a significant ...