Investment group takes majority stake in global advice firmBY ALEX BURKE | THURSDAY, 20 APR 2017 11:47AM
An investment consortium will acquire a majority stake in international advice network Focus Financial, which recently acquired a Brisbane advice firm with MW Lomax and has expressed further plans for its Australian expansion.Read more: US, Australia, KKR, Brisbane, Focus Financial, MW Lomax, Canada, Centerbridge Partners, China, Henry Kravis, Polaris Partners, Rudy Adolf, Stone Point Capital, Summit Partners, UK
Australian and US sophisticated investors partnered to acquire a suite of large-scale multifamily real estate assets in the US.
Custodians and responsible entities of managed investment schemes with asset holding requirements are falling short of ASIC expectations, showing generally poor levels of understanding and compliance with Regulatory Guide 133.
Global equity index provider MSCI will add China A shares to two of its indices starting June 2018.
The New South Wales Government's infrastructure fund is forecast to hit $14.8 billion by the end of this month, Treasurer Dominic Perrottet announced in yesterday's budget.
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