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Showing 1301 - 1310 of 17429 results for "Billion"

Lendlease looks at royal joint venture

ELIZA BAVIN  |  THURSDAY, 15 MAY 2025
... will be made should a binding agreement be concluded. In FY23/24 The Crown Estate reported net revenue profit of $2.27 billion (£1.1 billion). The Crown Estate's strategic focus is in areas where there are long-term structural challenges facing the ...

SMC highlights long-term benefits of investing in private markets

MATTHEW WAI  |  THURSDAY, 15 MAY 2025
... Linden said. "In the first three years of the APRA performance tests, profit-to-member super funds added almost $18.5 billion to members' savings above market benchmarks and outperformed global peers." Conversely, the Australian Securities Exchange (ASX) ...

Bennelong partners with Allspring for fund launch

ELIZA BAVIN  |  THURSDAY, 15 MAY 2025
... as a unit trust in June this year, offering daily liquidity, and broad access for local investors. Allspring has $930 billion (US$600bn) of assets under management and advisement, managing over $715 billion (US$460bn) in fixed income assets for a global ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... to financial advisers that would have been banned in a MySuper option. The action alleged the delay impacted about $6.8 billion in accrued default amounts. In December 2020, the Supreme Court of Victoria ruled the case invalid saying prospective losses ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... million short sales. The regulator, however, believes the scale of total misreporting could be between 298 million and 1.5 billion short sales. ASIC also contends that Macquarie incorrectly reported regulatory data for 633,680 orders submitted to the ...

Bain Capital backs out of Insignia takeover race

MATTHEW WAI  |  WEDNESDAY, 14 MAY 2025
... exclusivity period is due to expire at close of business tomorrow. Further, the update also follows Insignia seeing $5 billion drained from its funds under management (FUM) in the March quarter due to market volatility and institutional outflows. The ...

HESTA sells out of MinRes after failed engagement

JAMIE WILLIAMSON  |  MONDAY, 12 MAY 2025
... the resignation of the miner's entire ethics and governance committee just six months after it was established. The $89 billion fund put MinRes on watch in October last year after it failed to take appropriate action over concerns HESTA had about the ...

US financial market dominance can't last indefinitely: MSCI

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
... produce a single company from scratch in the last half century that's reached a market capitalisation of over €100 billion, according to the recent Draghi report on EU competitiveness. The first quarter of 2024, however, marked a "massive reversal" ...

HESTA members to keep paying fees as disruption continues

ELIZA BAVIN  |  MONDAY, 12 MAY 2025
... limited services period will not see a pause or reduction applied to their administration fees, the fund confirmed. The $89 billion fund is currently transitioning to GROW Inc. (GROW) for its administration services - a process which began on April 12 ...

Third Link adds three underlying Aussie equity managers

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... fundamental research and ESG integration that aims to outperform the S&P/ASX 300 Accumulation Index. It now manages over $1.5 billion in funds under management. "We are thrilled to be part of the Third Link Growth Fund and support its dual mandate of ...