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Showing 1471 - 1480 of 17429 results for "Billion"

Deficit to reach $26bn: Deloitte

KARREN VERGARA  |  MONDAY, 17 MAR 2025
The federal government's pre-election budget is expected to unveil an underlying cash deficit of $26.1 billion for the 2025 financial year, while revenues will deteriorate by $11.3 billion over four years, a new report from Deloitte shows. The deficit ...

Korean pension fund takes $50m stake in Metrics

ELIZA BAVIN  |  FRIDAY, 14 MAR 2025
... property transaction post-GFC. In addition NPS has also purchased Lendlease's Melbourne Quarter project in 2021 for $1.2 billion and Scape Australia Student Housing in January 2025 for $700 million. Metrics managing partner Andrew Lockhart said he ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... tougher penalties for "longer, larger, and repeated failures." Notably, the Australian Taxation Office estimates $5.2 billion worth of super went unpaid in 2021-22. "This change will strengthen Australia's superannuation system and help deliver a ...

Japanese asset manager enters Australian market

ELIZA BAVIN  |  FRIDAY, 14 MAR 2025
... Global Equity and Japanese Equity Strategies to local institutional and wholesale investors. SMDAM manages assets of $235 billion, supported by more than 250 investment professionals worldwide. "Our expansion into the Australian market signifies an exciting ...

GQG loses top sales exec

ELIZABETH FRY  |  THURSDAY, 13 MAR 2025
... in 2019 to lead GQG's Australia and New Zealand business. Bullock's exit comes as GQG Partners recorded US$1.7 billion net flows in January, bringing its total funds under management to US$160.4 billion. The Florida-based active manager recorded ...

Mercer adds to wealth team

ELIZABETH FRY  |  THURSDAY, 13 MAR 2025
... that role, he oversaw ten business development managers and support staff (representing over 950 practices with over $30 billion in funds under management. Janes worked at BT and MLC. "As the needs of financial advisers grow, we are seeing increased ...

Quadrant Private Equity invests in LegalVision

ANDREW MCKEAN  |  WEDNESDAY, 12 MAR 2025
... partnership with LegalVision, backing the firm's ability to scale its subscription-based legal model across key markets. The $9 billion private equity firm's capital injection will be used to increase funding for LegalVision's team, technology, and product. ...

ETF market dips but bright spots emerge

MATTHEW WAI  |  WEDNESDAY, 12 MAR 2025
The $3.11 billion net flows in February struggled to boost the Australian ETF market's position, with funds under management (FUM) dropping to $255 billion, according to VanEck's monthly ETF data. February marked the eighth consecutive month ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... February, it was confirmed ASIC was investigating the fund over the failure. According to ASIC's filings, the $355 billion fund took between four months and four years from the date the claim form was returned to assess at least 6897 claims. This ...

Managed accounts sector grows to $233bn

KARREN VERGARA  |  TUESDAY, 11 MAR 2025
Managed accounts assets jumped 23.2% to $232.8 billion in the year to 2024, the latest figures from the Institute of Managed Account Professionals (IMAP) show. The latest census, produced in conjunction with Milliman, reports separately managed accounts ...