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Showing 1341 - 1350 of 17429 results for "Billion"

Global X China Tech ETF in the works

ANDREW MCKEAN  |  THURSDAY, 1 MAY 2025
... infrastructure. The firm said that since 2020, China has tripled its semiconductor capex, with spending stabilising above US$30 billion as its focus shifts from building capacity to scaling production. Despite "external pressure," it added, investment ...

Platinum mulls L1 Capital merger

JAMIE WILLIAMSON  |  THURSDAY, 1 MAY 2025
... Platinum Asset Management is currently in discussions with L1 Capital to combine forces, a move that would create an $18 billion investment manager. Platinum Asset Management is considering merging with L1 Capital, confirming via the ASX it is discussing ...

Smaller super funds unfairly burdened by regulatory levy model: CPA

ANDREW MCKEAN  |  WEDNESDAY, 30 APR 2025
... funds. This is rubbing salt into the wounds." He pointed out that under the proposed levy changes, a large fund with $360 billion in assets and 3.42 million members would be charged $10.3 million in 2025-26. Meanwhile, a medium-sized fund with $9.3 billion ...

Pennybacker boosts Pacific Current FUM

KARREN VERGARA  |  WEDNESDAY, 30 APR 2025
... quarter of 2025 thanks to affiliate Pennybacker Capital reporting a 17% jump in total assets. Pacific Current turned in $31 billion in total FUM at the end of March, up from $30 billion reported in December 2024. It was affiliate Pennybacker Capital ...

Cbus chief investment officer resigns

ELIZA BAVIN  |  WEDNESDAY, 30 APR 2025
Cbus chief investment officer Brett Chatfield will leave the $100 billion fund to take on an opportunity outside of industry superannuation, as his replacement is named. Chatfield will exit the fund he's been with for more than a decade to commence ...

New Forests buys into Burapha

KARREN VERGARA  |  TUESDAY, 29 APR 2025
... the landscape for forestry in Laos, including forestry management and local community engagement." New Forests has US$8 billion in assets under management across nature-based real assets and natural capital strategies. Its subsidiary New Agriculture ...

FNZ faces revolt from employee shareholders

KARREN VERGARA  |  TUESDAY, 29 APR 2025
... employee shareholders are revolting against the global technology firm for allegedly diluting their ownership by US$4.5 billion with three capital raises in 12 months. A group of past and present FNZ employees are threatening a class action against FNZ ...

Perpetual Wealth Management adds five senior advisers

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
... represent approximately 40% of the business' client groups. As of March 31, Perpetual Wealth Management had more than $21 billion in funds under advice. This included net inflows of $0.9 billion during the March quarter. "Our business has grown year-on-year ...

Local challenger enters Australia's ETF market

ANDREW MCKEAN  |  MONDAY, 28 APR 2025
ETF Shares, Australia's first new index ETF issuer in more than a decade and the country's only locally owned provider, is preparing to launch. The firm is led by Cliff Man as chief executive, David Tuckwell as chief investment officer, and Arjun Shanker ...

Private capital, active ETFs to continue shake up of financial services: Deloitte

KARREN VERGARA  |  MONDAY, 28 APR 2025
... investors are expected to pour money into private capital, reaching as much as US$2.4 trillion in 2030 from the current US$80 billion. This growth is set to be driven by expanding product offerings and regulatory changes that make private capital more ...