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Showing 1061 - 1070 of 3464 results for "Stake"

New super fund prepares for launch

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... funding round, with the promise of a financial adviser friendly superannuation solution. Crescent Wealth has acquired an 8% stake in Tomorrow Super and has become the firm's maiden white label platform client. Tomorrow Super was founded by former BT ...

More departures at EISS Super

JAMIE WILLIAMSON  |  MONDAY, 20 SEP 2021
Just a week on from the exit of its chief executive, EISS Super has also now bid farewell to its chair and several directors. Fund chair Warren Mundy has departed the fund, alongside directors Mike Roche, Juliet Dunworth and Thomas Costa. Roche had ...

AustralianSuper ups stake in WestConnex

KARREN VERGARA  |  MONDAY, 20 SEP 2021
The $233 billion superannuation fund's stake in WestConnex rose to 20.5% after the consortium it's a part of took full ownership of the motorway. The Sydney Transport Partners (STP) consortium purchased the remaining 49% interest or $11.1 billion ...

Charter Hall REIT, Hostplus acquire ALE

ANNABELLE DICKSON  |  MONDAY, 20 SEP 2021
... Hostplus is set to acquire ALE Property Group. The $1.68 billion transaction will see CLW and Hostplus each holding a 50% stake in ALE on completion. The Charter Hall consortium will pay $5.68 per ALE share which is made up of $3.68 cash and 0.4 CLW ...

BNP Paribas takes stake in asset manager

ANNABELLE DICKSON  |  THURSDAY, 16 SEP 2021
BNP Paribas Asset Management is set to acquire a majority stake in Dynamic Credit Group Dynamic Credit Group is an Amsterdam-based asset manager and specialist lender with â,¬9 billion of assets under management. Dynamic Credit's AUM is primarily ...

CFS reduces premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... in the process of establishing itself as a standalone superannuation and investments business following the sale of a 55% stake to global private equity giant KKR, which is expected to be completed in the coming months. Following completion of the transaction ...

Pension fund backs Aussie insurance distributor

JAMIE WILLIAMSON  |  TUESDAY, 14 SEP 2021
A major Canadian pension fund has taken a 33.4% stake in the Greenstone, the Sydney-based distributor of several retail insurance brands. Ontario Teachers' Pension Plan Board has reached an agreement to acquire the stake from fellow Canadian pension ...

NZ Super Fund delivers 30%

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
The New Zealand Super Fund continues to outperform Australian MySuper funds, posting its a best-ever return of 29.6%. The 2020-21 financial year saw the fund reach new heights of NZD$59.8 billion, an increase of NZD$15 billion year on year. It also ...

Whitehelm Capital sells to German manager

KANIKA SOOD  |  TUESDAY, 14 SEP 2021
... Infrastructure boutique Whitehelm Capital has been acquired by PATRIZIA, with Challenger's Fidante set to get $50 million for its 30% stake in Whitehelm. PATRIZIA has entered a share purchase plan to acquire the entire issued share capital of Whitehelm. ...

Stake sets $3 brokerage for ASX-listed stocks

KANIKA SOOD  |  MONDAY, 13 SEP 2021
Stake, best known for its $0 brokerage on 6000 American stocks and ETFs, will now offer ASX-listed stocks and ETFs for a $3 brokerage fee. The four-year-old firm is currently running the ASX brokerage in beta test version during which the brokerage ...