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Showing 31 - 40 of 130 results for "Hastings"

WAM enters the fray for Molopo takeover

ALEX BURKE  |  THURSDAY, 9 NOV 2017
... August last year, WAM called for an extraordinary general meeting to remove Aurora as the responsible entity (RE) for the Hastings High Yield (HHY) Fund. Aurora remains the RE and has since made a takeover bid for all of HHY's ordinary units such that ...

Westpac sells $12bn asset manager

ALEX BURKE, DARREN SNYDER  |  MONDAY, 6 NOV 2017
... sell its infrastructure manager subsidiary. Subject to due diligence and regulatory approvals, Northill will acquire Hastings Funds Management. The terms of the agreement are currently confidential. Based in London, Northill manages about US$48 billion ...

Aurora finalises Hastings takeover bid

ALEX BURKE  |  MONDAY, 23 OCT 2017
Aurora Funds Management finalised its takeover bid for all ordinary units in the Hastings High Yield (HHY) Fund. Acting as the responsible entity for both the Aurora Global Income Trust (AIB) and HHY, Aurora closed the takeover bid on October 13. The ...

Hastings names new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2017
A former chief financial officer of Westpac's institutional bank will be the next chief executive of Hastings Funds Management. Hastings chairman Brian Scullin has confirmed that current chief executive Andrew Day will leave the business at the end ...

Hastings loses $2.1bn fund mandate

ALEX BURKE  |  FRIDAY, 1 SEP 2017
Unitholders including large super funds, insurance companies and family offices voted to remove Hastings Funds Management as the portfolio manager for a $2.1 billion infrastructure fund. Following an extraordinary meeting with trustee Gardior, unitholders ...

Westpac halts $14bn asset manager sale

ALEX BURKE  |  FRIDAY, 18 AUG 2017
... decided not to proceed. Charter Hall had originally entered talks with Westpac regarding the potential acquisition of Hastings Funds Management, the global real assets and infrastructure manager, in July. At the time, Charter Hall said acquiring the ...

Macquarie and Canadian pension fund buy SA government asset

EMMA RAPAPORT  |  FRIDAY, 11 AUG 2017
... which awarded the right to run the Land and Property Information tilting and registry services to a First State Super-Hastings led consortium for $2.6 billion. Following a competitive tender process, the government entered into a binding agreement with ...

Westpac and Charter Hall in talks over infrastructure manager

DARREN SNYDER  |  MONDAY, 24 JUL 2017
... infrastructure manager. Westpac told the ASX it has entered exclusive discussions with property group Charter Hall for the sale of Hastings Funds Management. Hastings, a global infrastructure and real assets manager which has operated for more than 22 ...

Aurora pushes for Hastings takeover

ALEX BURKE  |  MONDAY, 17 JUL 2017
Aurora Funds Management is extending its takeover bid for all ordinary units in the Hastings High Yield (HHY) Fund. Unitholders will now have until September 29 to consider Aurora's offer. Aurora originally made the bid in November 2016, telling unitholders ...

BTFG drags Westpac performance

KARREN VERGARA  |  MONDAY, 8 MAY 2017
... investments on its BT Panorama, which has about 19% of the wealth platform market. The group's alternative assets fund manager Hastings delivered $30 million in revenue, up 20% on the prior year. The group reported an after-tax profit of $3.9 billion ...