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Showing 11 - 20 of 707 results for "Property Fund"

E&P chief exits early

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... action, which related to representatives giving conflicted advice for its in-house product, the Masters Residential Property Fund (URF), for $16 million. Shine alleged that E&P's financial advisers, when they were operating under, Dixon Advisory ...

Stockland recruits AMP Capital real estate lead

CHLOE WALKER  |  MONDAY, 20 NOV 2023
As part of a broader reorganisation, Kylie O'Connor is joining Stockland as chief executive, investment management. Stockland has announced it is reshaping its business as it looks to execute its "evolved strategy." As part of this, O'Connor ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... class action relating to investment advice representatives gave for its in-house product, the Masters Residential Property Fund (URF) for $16 million. The lawsuit led by Shine Lawyers alleged that E&P's financial advisers, when they were operating ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Australian Unity entered into a strategic alliance, selling its financial advice business to AZ NGA-owned advisory firm Nestworth and Fortnum Private Wealth. AZ NGA, through Nestworth, will acquire Australian Unity's employed adviser and corporate superannuation ...

ISPT to offload retail, office properties

JAMIE WILLIAMSON  |  MONDAY, 16 OCT 2023
... investor interest." The fund is currently invested in more than 80 properties and is Australia's largest wholesale property fund.

Multi-asset funds see $1bn exodus

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
Multi-asset funds recorded their fourth consecutive quarter of outflows, losing nearly $1 billion in the last 12 months, new data from Calastone finds. The year to September 2023 saw multi-asset funds suffer $974 million in outflows, the longest run ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
ASIC placed an interim stop order on a residential property fund promoted by K2 Asset Management due to issues with its target market determination (TMD). K2 Asset Management cannot distribute the Storehouse Residential Trust or any information about ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... billion thanks to it exiting the Real Asset funds business; asset sales New Energy Solar, the US Masters Residential Property Fund and the Fort Street Real Estate Capital Fund; and the responsible entity transition to K2 Asset Management. The E&P Wealth ...

Barwon snaps up $124m of healthcare assets

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
... property portfolio, increasing the value of its institutional fund to $1.4 billion. The Barwon Institutional Healthcare Property Fund (BIHPF) acquired the Mons Road Medical Centre in the Westmead health precinct for $38 million. The Medical Centre encompasses ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... Long WALE REIT (CLW) made a whopping 122% loss after raking in a profit of $911.9 million in the prior period. The property fund manager calculated adverse net fair value movements on its properties totalling to a loss of $362.7 million, a far cry from ...