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Showing 1511 - 1520 of 17429 results for "Billion"

Super fund looks to AI

ELIZABETH FRY  |  THURSDAY, 27 FEB 2025
... fast-developing technology. Mythili Baker has been appointed to the newly created role of head of data and AI at the $185 billion super fund. Aware Super Chief operating chief Sally Collins said the role will strengthen Aware Super's position as ...

HESTA hunts for portfolio construction and risk specialist

ELIZABETH FRY  |  THURSDAY, 27 FEB 2025
HESTA's general manager of portfolio construction and risk has exited the $93 billion super fund, underscoring the high number of senior turnovers in big super. The superannuation fund confirmed that Michael Sommers had exited and that it was looking ...

Perpetual profits dented after KKR deal goes up in smoke

ANDREW MCKEAN  |  THURSDAY, 27 FEB 2025
... management business due to higher-than-expected net outflows in key strategies, particularly J O Hambro, which saw $3.6 billion in net outflows over the half. Perpetual's underlying profit after tax (UPAT), however, increased 2% to $100.5 million ...

Australian Ethical delivers strong half-year results

MATTHEW WAI  |  THURSDAY, 27 FEB 2025
... 35% to $11.5 million, and as previously mentioned, the ethical manager reached funds under management (FUM) of $13.26 billion in January, a 27% increase on the first half of 2024. Its superannuation sector reported positive net flows of $194 million ...

Chalmers looks to trade super pool for minerals with US

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... opportunities that lie before us," he said. "The current value of Australian super fund investments in the US is around $400 billion - due to reach $1 trillion over the next decade. "So, Australia's superannuation sector has the size, scale and presence ...

ASIC turns up the heat on private markets

KARREN VERGARA  |  WEDNESDAY, 26 FEB 2025
... and property. The staggering growth of private capital funds nearly tripled over the past decade, increasing from $57.1 billion in 2014 to $148.6 billion in March 2024, ASIC said. Private equity and real estate accounted for the largest portions of Australia-focused ...

Northern Trust lands another mandate

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
... and valuation reporting services for Generation Life. With the new remit, Northern Trust will provide support to $1.5 billion ( as of 31 January 2025 ) of Generation Life's portfolio assets, including domestic and international equities, bonds, FX, and ...

Platinum rolls out major leadership reshuffle

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
... down 18% from the December 2023 half, and a profit margin of 43%. Funds under management as at 31 December 2024 was $11.1 billion, representing a decrease of 15% from the 30 June 2024 half, impacted by net outflows of $2.5 billion. The company said it ...

Technology optimises family office performance: KPMG

KARREN VERGARA  |  WEDNESDAY, 26 FEB 2025
... About one quarter had assets between $250 million and $500 million, while a similar number had between $500 million and $2 billion. The average number of staff working in the family office was 7.4, including 1.36 family members.

Monetary policy not the only game in town: Brian Redican

ANDREW MCKEAN  |  TUESDAY, 25 FEB 2025
... companies, with a standout thematic being their investment in artificial intelligence. He pointed to Meta's planned $65 billion in capital expenditure over the next year and Google's $75 billion, noting that with their "massive cash reserves," they don't ...