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Showing 51 - 60 of 2092 results for "Merger"

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
New research commissioned by the Financial Services Council (FSC) highlights the case for a mechanism to support broader "modernisation" of superannuation and managed investment schemes. The report suggests current legislative and tax settings are inconsistent ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... Group Super) have officially transitioned to Australian Retirement Trust (ART), marking the latter's largest corporate merger. The two funds have completed the successor fund transfer, initially agreed to in February this year. They signed a non-binding ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ...

Institutional investor tips $30m into new Mantis offer

CHLOE WALKER  |  THURSDAY, 16 NOV 2023
... infrastructure strategies. It's first investor is an unnamed Australian institution. Mantis said the strategy will be divided into merger arbitrage and convertible bond arbitrage. Magnetar's merger arbitrage strategy was established under the premise ...

Uniseed partners with major Aussie universities

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... contributing an additional $6.75 million to Uniseed Fund-3. This will bring the total fund size to $56.75 million. Considering the merger of new funds, and factoring in prior Fund-3 investments, there is a remaining investible amount of $23.63 million ...

Industry fund chief steps down

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
The long-standing chief executive of a $6.7 billion industry fund will leave December 1, after nearly two decades at the helm. Prime Super chief executive Lachlan Baird, who's held the role since 2005 and presided over "considerable change and growth" ...

Government to amend transfer balance cap laws

ANDREW MCKEAN  |  FRIDAY, 27 OCT 2023
... to improve the efficiency of the superannuation system, ensuring that members aren't adversely impacted as a result of a merger or successor fund transfer. "Under current legislation, a member's cap may be unintentionally impacted due to the original ...

MEDIQ expands presence via merger

JAMIE WILLIAMSON  |  WEDNESDAY, 25 OCT 2023
... Brisbane office. Finally, Focus' head of mergers and acquisitions Travis Danysh said the group is proud to support the merger. "This transaction will strengthen MEDIQ's ability to serve clients and build upon its Sydney presence as the firm continues ...

Superhero announces strategic hires

CASSANDRA BALDINI  |  TUESDAY, 24 OCT 2023
... Superhero's super operations. Donnelly brings extensive experience in superannuation and project management having led the EISS merger with Cbus earlier this year. Superhero stated that these appointments have been announced during a period of strong ...

Future Fund hires from ART

ELIZABETH FRY  |  FRIDAY, 20 OCT 2023
... Guo joined ART as senior portfolio manager from Sunsuper, where she worked four years as an investment manager before its merger with QSuper two years ago. There, she covered private equity and infrastructure investment opportunities, co-investments ...