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Showing 1 - 10 of 1264 results for "Perpetual"

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
Morningstar has maintained its fair value estimate of $26 per share for Perpetual stock, even after KKR confirmed it will buy its wealth management and corporate trust businesses yesterday. Morningstar analyst Shaun Ler said KKR's proposed acquisition ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
Perpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds ...

Former Diverger managing director joins VBP

JAMIE WILLIAMSON  |  THURSDAY, 2 MAY 2024
... years before its merger with Count in March. Before that, he led Paragem and spent more than a decade in senior roles at Perpetual. "Nathan is a highly respected financial services executive, and we are extremely fortunate to have him on board to lead ...

Perpetual confirms KKR acquisition talk

JAMIE WILLIAMSON  |  MONDAY, 29 APR 2024
Following media reports and a short trading halt, Perpetual this morning confirmed it is in exclusive discussions with KKR over the acquisition of its Corporate Trust and Wealth Management arms. Over the weekend, the AFR reported KKR is set to acquire ...

Morningstar warns of stretched valuations in Australian equities

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
... earnings faster. On average, we expect the traditional active managers we cover to be in outflows." Morningstar highlighted Perpetual as a top pick in the financial services sector, the research house said the market may be overlooking the company's ...

Perpetual awards State Street subsidiary a major mandate

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
Perpetual has appointed State Street subsidiary Charles River to manage front office operations for its Australian asset management business. Perpetual's Australian asset management business will use Charles River's Investment Management Solution (Charles ...

Perpetual seeds Kapstream fund

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
Perpetual is backing a new strategy from Kapstream Capital, securing an undisclosed seed amount in the fund that invests in securitised warehouse financing, a form of private debt. Following its February 1 launch, the Kapstream Private Investment Fund ...

Perpetual, Pendal combine multi-asset capabilities

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
Perpetual is creating a new multi asset strategies team, in a move that will see the departure of Pendal Group's head of multi asset. The fund manager said a recent review of its multi-asset capabilities resulted in a decision to merge the existing ...

GQG builds private markets unit on PAC stakes

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... shareholders will need to approve the externalisation and acquisition at an extraordinary general meeting (EGM) in April. Perpetual and River Capital, which have 15% and 19.8% holdings in PAC respectively, said that they are in favour of GQG's acquisition. ...

Pendal shutters costly equity fund

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... to your nominated bank account before the payment of the cash proceeds from the termination." Pendal's parent company Perpetual reported an increase to its underlying net profit after tax and operating revenue in the half-year to December. Underlying ...
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