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Aware Super appoints UK private equity lead

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
... commitment to invest £5.25 billion in the UK and continental Europe over five years. "The addition of Steve, Frank and Katie now brings our London team to 24 people and provides an additional level of expertise and momentum as we continue to expand ...

Super moves: QIC, VFMC, ESSSuper, Aware Super

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
... Super and Retirement Fund as a senior analyst, but most recently held the role of responsible investment manager - a title she now has at Care Super. At ACRF, she led the fund's socially responsible investment fund and ESG initiatives. Bradshaw spent ...

BlackRock takes stake in Generation Life parent company

ANDREW MCKEAN  |  THURSDAY, 8 MAY 2025
... Hackett said. Generation Life noted that Australia ranks fourth in the world for life expectancy, and that Australians over 50 now control 69% of the nation's $4.2 trillion in superannuation assets. Nevertheless, it pointed out that around 84% of ...

Franklin Templeton brings Lexington Partners PE fund down under

MATTHEW WAI  |  THURSDAY, 8 MAY 2025
... and Latin America, it said. Franklin Templeton managing director of Australia and New Zealand Felicity Walsh said the funds now offer lower minimum investments and improved liquidity amid surging demand. "Australian investors are increasingly recognising ...

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... responsibilities, and an incomplete understanding of its own processes and controls, including around data governance. The bank will now have to prepare a remediation plan to address its failures in the futures dealing business and OTC derivatives trade ...

Sequoia appoints licensee, adviser services lead

ELIZA BAVIN  |  WEDNESDAY, 7 MAY 2025
... Australian Wealth Advisors Group (AWAG) became a major shareholder in Sequoia in February. AWAG, which is also ASX-listed, now has an 18.02% stake in Sequoia across more than 22.37 million securities. AWAG took the stake after Unrandom director - and ...

Platinum to lose $1bn mandate

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... Platinum recorded total funds under management as at April end of $9.64 billion. This figure includes the mandate that has now been terminated, the loss of which will show up in the May numbers. In April, Platinum saw net outflows of about $243 million ...

Life insurance premiums edge lower

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... Zurich/OnePath ($2.41 billion, 14.9% share), MLC Life ($1.83 billion, 11.3% share), and Resolution Life - the AMP legacy book now in run-off - with $1.26 billion or a 7.8% share.

Future Fund muscles past annual target return, lags in March quarter

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... liabilities - "a classic rainy-day fund." But under prime minister Anthony Albanese and treasurer Jim Chalmers, "that model has now been decisively overhauled." With public debt soaring, a housing crisis that's hitting the younger generation, and ...

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
... consultation had been done, policies drafted, sometimes legislation drafted as well, but didn't quite get over the line. Now those things, I presume, will keep going. So that's easier for us as we know who we're dealing with," Court said. ...