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Showing 1281 - 1290 of 6236 results for "MER"

Hostplus, Statewide formalise merger

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
The two industry superannuation funds will progress merging after signing a Successor Fund Transfer deed. The SFT, due to take place on 1 April 2022, will see Statewide Super transfer its members and investments to Hostplus, effectively creating a $85 ...

Super funds lambasted over nuclear holdings

CHLOE WALKER  |  THURSDAY, 9 DEC 2021
New research from the Australia Institute and Quit Nukes shows most major Australian superannuation funds still have holdings in nuclear weapons. Nearly one year since the UN Treaty on the Prohibition of Nuclear Weapons (TPNW) came into force (January ...

Sydney Airport takeover given green light

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
The Australian Competition and Consumer Commission will not oppose the acquisition of Sydney Airport by a consortium comprising IFM Investors, AustralianSuper and others. The Sydney Aviation Alliance, which consists of IFM Investors, AustralianSuper ...

APRA tells Christian Super to merge

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
With just $2 billion in assets, Christian Super has been told by the prudential regulator that it must merge by 31 July 2022 following persistent underperformance. APRA has imposed additional licence conditions on the super fund in order to protect ...

Boutique creates distribution lead role

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
An Australian equities specialist appointed a head of distribution in a newly created role. Simon Wu has joined Quest Asset Partners after a stint at Cooper Investors as a senior business development manager. Prior to Cooper Investors, Wu spent five ...

Magellan chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
The chief executive of Magellan, Brett Cairns, has resigned for personal reasons. The fund manager's chief financial officer Kristen Morton is stepping in as interim chief executive. Morton has been chief financial officer at Magellan for more than ...

QSuper, Sunsuper unveil rebrand

KARREN VERGARA  |  MONDAY, 6 DEC 2021
QSuper and Sunsuper unveiled a new name ahead of their planned merger, set to finalise early next year. The combined $230 billion super fund will be known as Australian Retirement Trust. Sunsuper's 1.4 million members will become members of Australian ...

Athene, Apollo stake in Challenger approved

KARREN VERGARA  |  MONDAY, 6 DEC 2021
Minority shareholders of Challenger have been given the go-ahead to acquire their additional stake by the prudential regulator. Athene Holding and Apollo Global Management now have an 18% stake in the ASX-listed Challenger after APRA approved the additional ...

Super funds attracting more women to investment work

ELIZABETH MCARTHUR  |  FRIDAY, 3 DEC 2021
Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms. According to ...

AvSuper hunts merger partner, launches EOI process

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so. The launch of an Expression of Interest process comes after AvSuper's MySuper ...