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AMP Capital sale inches toward completion

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
The final conditions necessary to complete the sale of AMP Capital's real estate and domestic infrastructure business to Dexus Funds Management (Dexus) have been met. The last phase of this sale involves the transfer of AMP's interest in China ...

Power50: Most influential advisers named

STAFF WRITER  |  MONDAY, 30 OCT 2023
... plenty doing just that on a more personal level - selflessly giving their time to provide advice pro bono, supporting causes close to their hearts, and changing lives in the process. "While we still await the Quality of Advice Review (QAR) package of ...

Local fund managers lag global peers: FSC

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
According to the Financial Services Council (FSC), Australia's funds management industry continues to see significant growth but is falling behind when it comes to attracting more capital from overseas investors under the new Corporate Collective ...

Dexus on the hunt for new chief executive

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
Darren Steinberg will leave Dexus in the new year, after more than 11 years serving as its chief executive. While the real estate and infrastructure giant searches for his successor, Steinberg will continue as chief executive and work closely with its ...

Magellan chief executive quits

CASSANDRA BALDINI  |  WEDNESDAY, 25 OCT 2023
... Employee Share Purchase Plan (ESPP) Loans. "We are pleased to today announce that additional retention payments will be made to close out the ESPP Loan balances for the majority of staff by September 2025," Formica said. He explained the fund manager ...

Macquarie breaks into top 50 fund manager list

KARREN VERGARA  |  TUESDAY, 24 OCT 2023
Macquarie Group broke into the world's top 50 largest fund manager rankings with US$543 billion in assets, making it the only Australian fund manager on the list. The latest analysis by the Willis Towers Watson's Thinking Ahead Institute shows ...

HUB24 farewells longstanding chair

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
After nearly 12 years, HUB24 non-executive director and chair Bruce Higgins has informed the board of his plans to retire. As such, a replacement has been appointed. Higgins has served as chair since October 2012, and during his tenure saw the platform ...

WAM launches unit trust, names RE

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
Wilson Asset Management (WAM) selected Equity Trustees (EQT) to be responsible entity for the Wilson Asset Management Leaders Fund. The fund is an actively managed investment portfolio, comprised of 45-80 large-cap companies listed predominately on ...

Dexus launches new opportunities fund

CASSANDRA BALDINI  |  TUESDAY, 24 OCT 2023
... came to market in 2021. According to Dexus, DREP2 is expected to be substantially larger than DREP1, with the first capital close predicted in the first half of 2024. As such, DREP fund manager Jason Howes said the new offering is expected to generate ...

Inflation data not encouraging: Powell

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
Federal Reserve chair Jerome Powell has repeated the commitment to reducing inflation to 2% and maintaining a restrictive policy until this goal is reached. In a speech on Thursday, Powell told the Economic Club of New York that the September inflation ...