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Showing 1551 - 1560 of 5260 results for "SCA"

Increased scale drives Diverger results

CASSANDRA BALDINI  |  THURSDAY, 28 JUL 2022
Diverger managing director Nathan Jacobsen said improving scale and pleasing organic growth were major factors in the firm's positive full-year results. Diverger reported a 26% increase in net profit after tax and a 9% jump in net revenues to over $30 ...

Super fund for women closes

JAMIE WILLIAMSON  |  WEDNESDAY, 27 JUL 2022
A superannuation fund that targeted women has quietly closed after three years in market. FairVine Super, a sub-plan of Aracon Super, launched in May 2019 with a product specifically designed for women. The offering included a 'FairRewards' ...

State Street to administer $1bn private equity fund

CHLOE WALKER  |  WEDNESDAY, 27 JUL 2022
In a win for its local alternatives services business, State Street has been appointed as fund administrator for the Mercury Capital Fund twenty2. The fund, which recently raised $1 billion, is Mercury Capital's fourth private equity fund since inception. ...

Legalsuper hires from ART, Perpetual

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
A chief operating officer and a head of product will join the legalsuper leadership team following its restructure earlier this year. Trevin Erichsen has been appointed chief operating officer, joining from Australian Retirement Trust where he is currently ...

ART, QIC partner on affordable housing

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
Australian Retirement Trust and QIC will work with Brisbane Housing Company to finance and develop up to 1200 new homes. The partnership aims to provide a scalable model for the financing, development, and operation of social and affordable housing ...

Brighter Super simplifies investment menu

JAMIE WILLIAMSON  |  MONDAY, 25 JUL 2022
Brighter Super will soon have just one suite of investment options, having reviewed and selected the best on offer from LGIAsuper and Energy Super. From August 12, Brighter Super will align all investment options, removing the duplication that has existed ...

Certe acquires Genesis Financial Partners

CASSANDRA BALDINI  |  MONDAY, 25 JUL 2022
Certe has acquired Genesis Financial Partners with a vision to create a large, integrated professional services firm with over 20 staff and nine advisers. Under the deal the specialist insurance advisory firm has acquired 60% of Genesis upfront and ...

Capital Group trims management fees

ANDREW MCKEAN  |  MONDAY, 25 JUL 2022
Capital Group is reducing management fees on its Australian funds. As the Australian business has achieved steady growth over the past decade, the fund manager has decided to introduce a new fee regime to reflect its enlarged scale. "A new fee regime ...

SCA Property Group names operations, funds management lead

CHLOE WALKER  |  FRIDAY, 22 JUL 2022
SCA Property Group chief financial officer and executive director Mark Fleming is shifting into the position of chief operating officer and head of funds management and strategy. Fleming, who has been with the company since 2015, will remain an executive ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
UBS has forecast that the Reserve Bank of Australia's (RBA) rate rise assumptions would cause an unprecedented payment spike for households. The RBA's scenario of a 300-basis point increase in interest rates by mid-2023 would see interest payments as ...