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Showing 1331 - 1340 of 17436 results for "Billion"

Platinum to lose $1bn mandate

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... in FY26," Platinum said. Reporting to the ASX, Platinum recorded total funds under management as at April end of $9.64 billion. This figure includes the mandate that has now been terminated, the loss of which will show up in the May numbers. In April ...

Life insurance premiums edge lower

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
Annual premiums from active life insurance policies fell 1.7% to $16.2 billion in the year to December 2024 - a $300 million decline from the previous year - according to DEXX&R. The market research firm's latest Life Analysis report showed total new ...

Future Fund muscles past annual target return, lags in March quarter

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... behaved to our expectations in recent months." Arndt also noted that investment gains over the past year had added $17.8 billion to the Future Fund, lifting its total value to a record $240.8 billion. Global equities comprise the largest proportion of ...

HMC Capital progresses re-tenancy of Healthscope hospitals

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
... HCW) and Healthcare and Life Sciences Unlisted Fund (UHF). In 2023, the group acquired the Healthscope hospitals for $1.2 billion. NYSE-listed Medical Properties Trust offloaded all its interest to HMC in the 11 private hospitals leased to Healthscope. ...

Magellan sees $1bn monthly outflows

ELIZA BAVIN  |  TUESDAY, 6 MAY 2025
Magellan Financial Group was hit by $1 billion in net outflows in April, comprising $100 million in net retail outflows and $900 million in net institutional outflows. However, total assets under management (AUM) increased from $37.5 billion in March ...

Warren Buffett to retire, recommends successor

KARREN VERGARA  |  MONDAY, 5 MAY 2025
Berkshire Hathaway chief executive and chair Warren Buffett announced his intention to retire by the end of the year and put forth who he believes will best lead the company. At the annual Berkshire Hathaway shareholder meeting, Buffett made the surprise ...

ETF Shares introduces three ETFs on Cboe

KARREN VERGARA  |  MONDAY, 5 MAY 2025
... venture capital firm of Graham Tuckwell, who is David's father. VanEck estimates that the local ETF market hit $249.4 billion at the end of March based on a total number of 410 ETFs. Inflows reached about $3 billion during the quarter, with gold-based ...

Platinum merger no cure for active managers' challenges

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
... to Morningstar. Last week, Platinum announced it was in discussions to merge with L1 Capital, possibly creating an $18 billion fund manager. Morningstar equity analyst Sean Ler noted that, despite consolidating funds and restructuring its investment ...

Rest details internal program to reform death benefit processes

ANDREW MCKEAN  |  FRIDAY, 2 MAY 2025
... fund's carried out over the past 18 months to improve its death benefit claims processes. A spokesperson for the $93 billion super fund said the program aligns with its broader ambition to make the experience of superannuation as simple as possible ...

Coalition's super on PPL plan 'deeply worrying'

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
... million budget saving measure. The Coalition's election costings revealed several cost-saving proposals including $1.2 billion of cuts to programs, which experts have said are aimed at Australia's working women. If elected this weekend, the Coalition's ...