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IPO conversations 'sparking interest': Barrenjoey

ANDREW MCKEAN  |  FRIDAY, 26 JUL 2024
... appealing for high growth companies. He said that "it's hard to put a marker in the sand" and predict where things will be next year. He added that the timeline to IPO in Australia is also longer than in other markets, explaining that the period between ...

Positives remain at Perpetual, says Morningstar

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
... said. Still, he said the expectation is that underlying net profit after tax will increase by very low single digits over the next four years while Perpetual's cost/income ratio remains flat at 79% per year. This, he explained, is based on assumptions ...

MLC investment chief shares portfolio plans

ANDREW MCKEAN  |  THURSDAY, 25 JUL 2024
... conditions are strong, no expected recession, decent corporate fundamentals, US earnings growth is forecasted around 18% for the next 12 months - which might be exaggerated - debt servicing ratios are favourable, and there are healthy inflows. However ...

How advisers can reap additional $2.1bn in revenue

KARREN VERGARA  |  THURSDAY, 25 JUL 2024
Financial advisers are poised to generate $2.1 billion in new revenue over the next five years and add nearly 500,000 clients to their books if they are proactive in managing seven key factors, Deloitte Access Economics says. Despite the enormous regulatory ...

Sequoia chief reappointed, hunt for successor kicks off

ANDREW MCKEAN  |  WEDNESDAY, 24 JUL 2024
... in which the board committed to a new contract for Crole that stipulates identifying a successor to take over during the next two years. Under the terms of his contract, Crole will retain his current salary for the next two years and is eligible for ...

Macquarie AM spins off real estate manager

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... and the Americas (MIRA). Following the expansion of its activities as part of MAM, a strategic review concluded that the next phase of growth would be best served by operating independently as a boutique real estate investment manager, newly appointed ...

Advisers shun major institutions, 500 exit: Rainmaker

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... in Australia forces us to confront the question of how many financial advisers will be operating in Australia within the next two decades," the Rainmaker Adviser report said. "The financial adviser sector in Australia was riding high in 2019 with 26,500 ...

Australia unlikely to tame inflation

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
... policy and bond yields not falling as the markets anticipated at the start of the year. What can possibly go wrong over the next few months, he warns, is that inflation remains sticky. "[In the US] if Donald Trump is re-elected, we could get a political ...

NZSF returns 17%, smashes benchmarks

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
... sovereign wealth fund is aiming to double in size from its current NZ$75 billion in funds under management (FUM) over the next 10 to 12 years. "We want to do this without losing the culture and organisational character that has made us both successful ...

Reconsider the home as a retirement income pillar: Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... income stream in retirement. It comes as more than three million Australians are set to enter the retirement phase in the next decade, a phase that will likely be longer than that of previous generations. The paper's author, Deloitte partner and ...