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Showing 1171 - 1180 of 3464 results for "Stake"

AMP Capital spins off REIT

ANNABELLE DICKSON  |  MONDAY, 29 MAR 2021
... of a New Zealand listed real estate investment trust (REIT) for a one-off payment of $197 million. AMP Capital held a 50% stake in Precinct Properties New Zealand via its management company AMP Haumi Management and has managed Precinct since its listing ...

AMP, Ares deal up in the air

ANNABELLE DICKSON  |  MONDAY, 29 MAR 2021
... businesses which includes equity, infrastructure debt, real estate and other minority investments, while AMP will retain a 40% stake. The 30-day exclusivity period in the heads of agreement with no certainty that the transaction will proceed. The news ...

Super fund ups stake in renewable company

KARREN VERGARA  |  FRIDAY, 26 MAR 2021
A $55 billion super fund has upped its stake into renewable energy company Powering Australian Renewables (PowAR) for an undisclosed figure. Hostplus has increased its investments in PowAR, which operates wind and solar generation. The super fund said ...

APRA gains traction on superannuation data project

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
The Australian Prudential Regulation Authority has released its final reporting standards for the first phase of the Superannuation Data Transformation (SDT) as it looks to clear out underperformers. Phase one addresses the most urgent gaps in APRA's ...

Advice association chief steps down

JAMIE WILLIAMSON  |  THURSDAY, 25 MAR 2021
The chief executive of the Association of Financial Advisers has stepped down after four years in the role. Phil Kewin has led the AFA since 2017, having succeeded Brad Fox as chief executive in March of that year. He said the time is right to hand ...

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
ASIC has released three legislative instruments to regulate advice fee consents and lack of independence disclosures, as part of the government's response to the Royal Commission. The first of the three sets the requirements that written consent from ...

Industry fund chief steps down

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... director of Recreo, Mine Super's superannuation and investment administration platform. Mine Super has held a majority stake in Recreo since 2015. Recreo chief executive Andrew Bain will remain in this position. He has been with the firm since June ...

Perpetual's Garry Laurence starts boutique

KANIKA SOOD  |  MONDAY, 22 MAR 2021
... management of its global equities funds to US-based value manager Barrow Hanley after paying about $465 million to buy a 75% stake in the latter. Laurence received an AFSL for his new boutique last month and is now raising for a "founder class" of units ...

Adamantem invests in carbon farming

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
Adamantem Capital has taken a majority stake in a carbon farming project developer which works to regenerate farmed land. Adamantem has joined Climate Friendly as a majority stake investor, supporting the business' growth and aim to tackle the climate ...

Dexus establishes JV for Sydney building

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... commercial real estate group has entered a joint venture with Singapore-based property group Mercatus Co-operative to acquire a stake in an office building in Sydney's central business district. The Mercatus Dexus Australia Partnership (MDAP) will acquire ...