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Showing 1331 - 1340 of 3464 results for "Stake"

Navigator takes stake in investment portfolio

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
Navigator Global Investments has entered into an agreement with Neuberger Berman subsidiary Dyal Capital Partners to acquire minority ownership interests in six of its funds. The ASX-listed parent of US-based Lighthouse Investment Partners will take ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 million, down from $256 ...

MLC Wealth hires risk chief from QIC

KANIKA SOOD  |  MONDAY, 10 AUG 2020
MLC Wealth has hired QIC's long-standing chief risk officer in a similar role. David Clarke will join MLC Wealth in October as chief risk officer. Clarke joined QIC in 2007 and has led the risk function for the past seven years. Prior to this, he ...

Wheelhouse names new partners

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... Partners has completed its transition to its new independent structure after agreeing to acquire Bennelong Funds Management's stake in its business, naming a new chief operating officer, co-investor and distribution partner. The revised structure includes ...

New platform launches for super funds

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
A new platform has been launched for super funds aiming to help navigate the mounting pressure to improve returns and lower investment fees, costs and taxes. Parametric announced the new platform, saying with super funds facing increased pressures it ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... $74.5 million. In an announcement to the ASX, IOOF said it has sold 14.2 million shares in Australian Ethical, reducing its stake to approximately 5.5 million shares. That reduces IOOF's ownership in Australian Ethical to 4.9%. IOOF chief executive Renato ...

Chief executives cop pay cuts

ANNABELLE DICKSON  |  FRIDAY, 7 AUG 2020
Australia's top ranking bosses have endured pay cuts as boards have reined in bonuses ahead of the COVID-19 pandemic according to the Australian Council of Superannuation Investors (ACSI). ACSI's CEO Pay in ASX200 Companies research shows that ...

Investment committees not up to scratch

ELIZABETH MCARTHUR  |  THURSDAY, 6 AUG 2020
New research from Thinking Ahead Institute has identified the flaws in investment committee practices and governance. The research, Going from good to great, points to the aviation industry as one the investment industry could stand to learn from. The ...

UK competition watchdog blocks merger

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
The Competition and Markets Authority (CMA) has blocked the merger of retail investment platforms FNZ and GBST due to fears of it leading to higher costs for investors. FNZ purchased GBST in November 2019 for £150 million. The merged businesses would ...

Big companies dig deep

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
Australian corporates have contributed over $150 million to support the community during COVID-19, according to new analysis form Strive Philanthropy. The research focused in on Australia's 50 leading corporate givers from its latest GivingLarge dataset ...