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Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... year prior. Selfwealth traded at 14 cents per share at the end of October 14. News of Stake's acquisition proposal one day later saw the share price jump 29% to 18 cents. The platform has $9.5 billion in funds under administration, up 16% year on ...

Ireland to create new sovereign wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 11 OCT 2023
... billion in corporation tax - up almost 200% in five years, largely paid by the likes of Google and Meta. "This is not a Rainy Day Fund, because it is for costs that we know are coming our way in the years ahead. This fund will benefit all of us - the ...

Pengana launches first global private credit fund

CHLOE WALKER  |  WEDNESDAY, 11 OCT 2023
... private credit offering to market." "In order to offer our investors a truly global private credit return experience from day one, this initial investment allowed us to build out the foundations of a portfolio that we can bring to market," he said. In ...

How will the Israel-Hamas conflict impact Australia?

CASSANDRA BALDINI  |  TUESDAY, 10 OCT 2023
The Hamas-led attack in Israel has led to speculation on market impact and potential volatility, however, the primary concern remains the price of oil. Speaking to Financial Standard, Commonwealth Bank director of mining and energy commodities research ...

Meat industry super fund rebrands

KARREN VERGARA  |  MONDAY, 9 OCT 2023
... however, still remains a large part of its focus. "As Australian Food Super, we will continue to support our members from the day they join, through their entire work life and into retirement, with competitive products and solid investment returns," ...

Advised Aussies more financially confident: Research

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
... fully enjoy the benefits that financial planning can bring." The research was released in line with World Financial Planning Day, which was on October 4. "Advice professionals and their clients have always known that these long-standing myths that have ...

Hostplus member experience lead to exit

ELIZABETH FRY  |  THURSDAY, 5 OCT 2023
Hostplus member experience lead Paul Watson has announced his resignation after 12 years with the fund. Watson joined Hostplus in 2011 as executive manager, member and consumer choice. He's held several group executive roles since, before taking ...

Provide Capital ordered to produce documents

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
The local subsidiary of TPP Global Investments has been ordered by the Federal Court to produce documents it has so far withheld from ASIC. Provide Nominees (Provide), which trades as Provide Capital, came under the watchdog's surveillance in March ...

EQT launches new wholesale fund down under

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... private equity, it takes quite a bit of time to get that exposure, whereas with EQT Nexus, you invest, and you have exposure on day one. You also have the performance of 12-15% per annum on day one." Beske Nielsen added the minimum size investment in ...

Colonial First State appoints inaugural chief executive

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... appointment, CFS Group executive chair Rob Coombe said now is the right time to appoint a group chief executive to run the overall day to day business. He said it is consistent with the plan that was put in place with shareholders in 2021 when KKR took ...