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Showing 121 - 130 of 5251 results for "Credit"

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
The private credit boom shows no signs of abating as a spate of wealth managers step into traditional lending practices once dominated by banks. But how long will its golden hour last? After a prolonged low-growth period, fund managers are swooping ...

Australia vulnerable to further shocks: RBA

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... This is due to their larger workforce, higher levels of debt and increased interlinkages with other businesses via trade credit. According to the RBA, insolvent firms tend to have unsecured debt, likely with non-bank lenders and other businesses, as ...

UniSuper partners to buy Tasmanian timber plantation

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023
UniSuper and a consortium of European pension funds have acquired a Tasmanian forestry estate from a New Forests managed fund. UniSuper, the UK's Pension Protection Fund (PPF), and APG Asset Management N.V (APG) on behalf of its Dutch pension fund client ...

Insto injects further $530m in Qualitas

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
... $530 million into a Qualitas strategy, bringing it closer to its total $1 billion commitment. Qualitas' Private Income Credit Fund (QPICF) now has $750 million in total. Qualitas said that the balance of $250 million is subject to further approvals and ...

Coolabah Capital launches new active ETP

ANDREW MCKEAN  |  WEDNESDAY, 27 SEP 2023
... Reserve Bank of Australia (RBA) cash rate plus 1.5% to 3% per annum, after fees. The fund also seeks to maintain an average A credit rating and focuses on low interest rate duration risk. Coolabah Capital chief operating officer Luke Bouris said: "We're ...

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... been ordered to pay $15 million by the Federal Court for misleading customers over the funds available to them in select credit card accounts. The Court found that ANZ breached both the ASIC and the National Consumer Credit Protection Act by falsely ...

Apostle names global distribution lead

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... with institutional investors in Asia and the Middle East. Kouryialas will be responsible for distributing Apostle's Carbon Credit Fund, People & Planet Diversified Fund and Ethical Global Credit Fund, as well as offerings from external managers with ...

GPT appoints Charter Hall executive as new chief

CASSANDRA BALDINI  |  MONDAY, 25 SEP 2023
... Brookfield Asset Management for 11 years as its managing partner and chief financial officer. He also spent seven years at Credit Suisse as its director of investment banking mergers and acquisitions capital markets. "The board conducted an extensive ...

ASIC takes legal action against crypto exchange

ANDREW MCKEAN  |  THURSDAY, 21 SEP 2023
... products are distributed to consumers appropriately." The regulator said that Bit Trade's margin trading product operates as a credit facility as it offers customers credit for buying and selling certain crypto assets on Kraken, a feature Bit Trade called ...

Pacific Current Group buys into fund manager

CHLOE WALKER  |  WEDNESDAY, 20 SEP 2023
Pacific Current Group (PAC) has purchased a stake in LA-based private credit and structured equity investment management firm Avante Capital Partners (Avante). The 24.9% equity interest in Avante cost PAC about $61 million, with $23 million to be paid ...