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Showing 1461 - 1470 of 3464 results for "Stake"

New boutique at Pinnacle

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... looking to launch a Cayman fund for Reminiscent aimed at international investors in the second quarter. It has taken a 40% stake in the new boutique. "[Reminsicent] provides Pinnacle with further diversification and growth into liquid alternatives, an ...

AustralianSuper, QIC back investment manager

JAMIE WILLIAMSON  |  THURSDAY, 6 FEB 2020
... in the US include CampusParc at the Ohio State University, MasParc and Mobility LLC at Northeastern University, and a 40% stake in California's Long Beach Courthouse. Also commenting, Generate chief executive and co-founder Scott Jacobs said: "We are ...

Climate risk should be integral to business: Report

ELIZA BAVIN  |  THURSDAY, 6 FEB 2020
Companies increasingly need to understand climate change risks affecting their businesses if they wish to remain competitive, according to the Governance Institute of Australia. Governance Institute chief executive Megan Motto said it found that nine ...

PIMCO puts Aussie LIT on ice

KANIKA SOOD  |  MONDAY, 3 FEB 2020
The fixed income giant has pulled the brakes on its $1 billion listed investment trust, as the Treasury conducts a public consultation on stamping fees for LICs and LITs. PIMCO announced plans to raise for the LIT in November last year, in what was ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
New draft legislation aims to increase obligations around charging ongoing fees for financial advice and outlaw advice fees charged by superannuation funds. On Friday, the government released consultation draft legislation to implement 22 recommendations ...

Sargon runs out of steam

KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... co-founder Aron D'Souza dragged Kingston and his other company Trimantium to Supreme Court. D'Souza, who sold his stake in January last year, alleged that Kingston had reneged on deferred payments of about $2 million due to him, despite guaranteeing ...

Perennial adds to team

KANIKA SOOD  |  THURSDAY, 30 JAN 2020
Multi-boutique Perennial Value Management has hired from QIC for its Queensland business, while also appointing a new head of researcher and consultant relationships. Marjon Crandall will look after Perennial's relationships with fund ratings houses ...

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
The Financial Adviser Standards and Ethics Authority Code of Ethics which came into effect from the start of the year has left many unclear on what kind of referrals are allowed. Amid news at the start of the year that Mark Bouris' Yellow Brick Road ...

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... of the scheme the Carpoffs tapped around USD$140 million of investor money to fund a "lavish lifestyle" which included a stake in a private jet service, 150 luxury sports cars and multiple properties. Daniel Michael, chief of the complex financial instruments ...

TCorp hires former Cbus head

ELIZABETH MCARTHUR  |  TUESDAY, 28 JAN 2020
... leadership team." TCorp has recently been active in real investments. Earlier this month, TCorp acquired a minority indirect stake in Brussels Airport. In November last year, it acquired an interest in a Canadian hydroelectric generation asset. "TCorp ...