Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1271 - 1280 of 17436 results for "Billion"

Quality over quantity: CareSuper on mergers

JAMIE WILLIAMSON  |  THURSDAY, 29 MAY 2025
... looking to make a habit of it. On November 1, CareSuper and Spirit Super finalised their merger, creating what is now a $56 billion fund with more than 580,000 members, and taking on the heritage CareSuper brand. A few short weeks later, the merged entity ...

BlackRock to list its first active ETF in Australia

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
... achieved a 10.8% return over the past year and a 19.4% annualised return over five years to March end. It has some US$17.4 billion in assets under management. BlackRock head of investments for enhanced factors Philip Hodges, who is also the portfolio ...

Industry funds feast, retail funds snack, corporate funds freefall

ANDREW MCKEAN  |  THURSDAY, 29 MAY 2025
... without breaking into a sprint, while corporate funds retreated further. Industry funds expanded their war chest by $136 billion, retail funds added $45.6 billion, while corporate funds continued their retreat, shedding $10.3 billion, according to the ...

QIC completes equity raise, refinancing for energy platform

MATTHEW WAI  |  WEDNESDAY, 28 MAY 2025
QIC has completed a $370 million equity raise and $1.6 billion debt refinancing for Pacific Energy Group (PEG) for a contracted capacity of 946 megawatts (MW) across 48 sites. The equity commitments came from investors across Australia, Asia and North ...

SS&C extends super fund partnership

MATTHEW WAI  |  WEDNESDAY, 28 MAY 2025
... Union of Western Australia and the Western Australian Volunteer Fire and Rescue Services Association. It has close to $1 billion in funds under management on behalf of some 2500 members.

Centuria divests three industrial assets

ANDREW MCKEAN  |  TUESDAY, 27 MAY 2025
... the sale of Stapylton, while Colliers managed the transactions for Salisbury and Heathwood. Centuria manages over $6.2 billion of industrial assets across Australian and New Zealand.

La Trobe debuts first ASX-listed investment product

ANDREW MCKEAN  |  TUESDAY, 27 MAY 2025
La Trobe Financial, the Brookfield-owned alternative asset manager with $20 billion in assets under management, has launched its first fund on the ASX. The IPO seeks to raise between $100 million and $300 million, with units priced at $2.00. La Trobe ...

Small construction firms drag productivity: CEDA

KARREN VERGARA  |  TUESDAY, 27 MAY 2025
... construction workers generate more revenue per worker in bigger firms." "We found the sector could generate an extra 12% or $54 billion in revenue per year without needing any more workers if building firms were similar in size to manufacturing firms ...

CFS awards global equities mandate

KARREN VERGARA  |  TUESDAY, 27 MAY 2025
Colonial First State (CFS) has awarded a global equities mandate to a US$160 billion fund manager. US fund manager Brown Advisory has won the mandate to oversee the global equities strategy available on FirstChoice, debuting on May 24. The option - ...

BUSSQ lowers administration fees

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
... Choice account holders will see lower administration fees, however their insurance costs will rise from July 1. The $7 billion super fund will no longer charge members a weekly administration fee of $1.75 ($91 per year) and will reduce the percentage-based ...