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Showing 1211 - 1220 of 17436 results for "Billion"

Brookfield to divest retirement living platform for $3.85bn

MATTHEW WAI  |  FRIDAY, 27 JUN 2025
Brookfield Asset Management is selling its local retirement home operator Aveo to The Living Company for $3.85 billion. Brookfield acquired Aveo in 2019 for about $1.3 billion. Aveo owns more than 10,000 units in metropolitan suburbs across the eastern ...

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
More than 200 retirement products managing $490 billion in members' retirement savings have come under the watchful eye of prudential regulator APRA for the first time. APRA's latest statistics for the March 2025 period breaks down the state ...

Australian Ethical drops fees

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
... while also reducing fees for most age groups, while other age groups will see costs unchanged. From August 1, the $8.9 billion super fund will also change super and insurance fees to ensure the costs of insurance administration are applied only to members ...

Super moves: PE exec quits Future Fund for ART

ELIZABETH FRY  |  THURSDAY, 26 JUN 2025
... a major player in the global secondaries market. According to its latest portfolio update, Future Fund has around $32 billion in private equity, representing 13.8% of its book. Also, this week, Rest Superannuation has appointed Sam Tissine as general ...

Managed fund inflows jump over 20x: Report

ANDREW MCKEAN  |  THURSDAY, 26 JUN 2025
Managed funds domiciled in Australia received $8.6 billion in inflows from January to May this year, over 20 times the level recorded over the same period last year, according to global funds network Calastone. Calastone said local investors appeared ...

Hollywood actors lobby pension fund to dump fossil fuels

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JUN 2025
... of Television and Radio Artists (SAG-AFTRA) union have launched the Retire Big Oil campaign. The campaign asks the US$5 billion ($7.7bn) SAG-Producers Pension Plan to phase out its coal, oil and gas holdings. It notes that while many public and private ...

DASH undertakes fresh capital raise

MATTHEW WAI  |  WEDNESDAY, 25 JUN 2025
... and is well positioned in the wealth management industry which benefits from attractive tailwinds." DASH has some $18 billion in funds under advice, which is significantly more than the $10.6 billion it had when Bailador last topped up its investment ...

Union redundancy funds in ASIC's sights

ELIZA BAVIN  |  WEDNESDAY, 25 JUN 2025
... Consultation Paper 384, Employee redundancy funds, will seek feedback on whether ASIC should have the power to regulate the multi-billion-dollar funds, which it said were growing significantly. Fund operators have been granted relief from the licensing ...

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
... insurance premiums paid through APRA-regulated superannuation funds rose by 7% in 2023-24, taking total premiums up to $9.5 billion, according to Rainmaker Information. Meanwhile, group insurance claims paid rose 16% in 2023-24 to a record $5.8 billion ...

Australia's largest real estate fundie pulls ahead of the pack

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
... Charter Hall cemented its spot at the summit, continuing its reign as the nation's largest real estate manager with $83 billion in global assets under management (AUM), according to a Fund Manager Survey by industry associations ANREV, INREV, and NCREIF. ...