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Showing 1001 - 1010 of 2369 results for "Merger"

Industry fund dips toes in private equity

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
An $8.6 billion industry superannuation fund is gearing up its first private equity play in almost half a decade, as it readies for an environment of lower returns. Australian Catholic Superannuation Retirement Fund chief investment officer Michael ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... company in the Emirates Group awarded Equip a $190 million corporate super mandate, and about two years ago it completed a merger with Rio Tinto staff fund. "We were able to cut down costs from 120 bps to 88 bps for some of those members," Fairley said ...

Aon exits advice

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... investment offering, including smartMonday. "That decision has been reflected in Aon's alliance with Equity Trustees and the merger of the Executive Superannuation Fund and the Aon Master Trust in 2017 to create a $5 billion superannuation partnership," ...

Super fund awards $50m mandate

KARREN VERGARA  |  MONDAY, 29 APR 2019
... and Statewide Super after a spokesperson confirmed the talks with Financial Standard. According to Rainmaker data, the merger would create a $24 billion super fund serving more than 380,000 members.

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... growth or decline, and other benefits or services provided to members. The assessment, KPMG said, will be a key driver of merger activity in the short-to-medium term. According to Rainmaker and APRA modelling, AustralianSuper ($9bn) experienced the largest ...

Chinese investment in Australia down 36%

ELIZABETH MCARTHUR  |  MONDAY, 15 APR 2019
A new report from KPMG has revealed a 36.3% reduction in Chinese investments in Australia, from $13 billion in 2017 to $8.2 billion in 2018. The report was produced by KPMG and The University of Sydney Business School looking at a dataset covering investments ...

Super funds hungry for global stocks, alternatives

KANIKA SOOD  |  THURSDAY, 11 APR 2019
... compliance Alex Dunnin said. "Super fund consolidation is also a factor in this mandate realignment. The recent string of fund merger announcements points to this not being an isolated occurrence." The five fastest growing asset class categories over ...

Superannuation funds flag $113bn merger

KARREN VERGARA  |  THURSDAY, 4 APR 2019
Two superannuation funds are exploring a potential merger that would create a $113 billion fund with 1.1 million members. VicSuper and First State Super announced they have signed a non-binding memorandum of understanding, scouting the benefits of a ...

Superannuation fund chief accepts new role

KARREN VERGARA  |  THURSDAY, 4 APR 2019
The former chief executive of AustSafe Super has moved into a new role, following the completion of the fund's merger with Sunsuper. AustSafe Super chief executive Craig Stevens takes on the head of strategy role at Sunsuper following a successful ...