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Showing 1561 - 1570 of 9863 results for "Equity"

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... trustees and the respective super funds whose communication strategies are under fire: BT Funds Management (Retirement Wrap), Equity Trustees Superannuation (AMG Super), EISS Super (Pool A), SCS Super (Australian Catholic Superannuation and Retirement ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... implement the necessary changes," Alecta acting chair Ingrid Bonde said. It said a strategic review of how it conducts equity management is now underway. Alecta first invested in Silicon Valley Bank in June 2019 and last invested in November 2022. Its ...

CEFC, Crescent Capital Partners invest in decarbonisation

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 APR 2023
The Clean Energy Finance Corporation (CEFC) has committed up to $80 million in a private equity fund that will invest in a range of mid-market companies while driving decarbonisation at the same time. CEFC will invest in Crescent Capital Partners (Crescent)'s ...

Franking credit changes could backfire: SMSF Association

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... advocacy group also said that another test that must be met for a distribution to be funded by a capital raising is the equity issue must have the principal effect of funding the distribution. Burgess said companies often reinvest profits instead of ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... the Age Pension is going to people with more than $750,000 in assets. Under the current rules, only $224,500 of a home's equity is counted in the pension assets test. However, the average value of an Australian home is $880,000 and national median is ...

Pacific Current Group buys stake in PE firm

CHLOE WALKER  |  TUESDAY, 11 APR 2023
Pacific Current Group (PAC) has acquired a minority investment in San Francisco-based private equity firm Cordillera Investment Partners (Cordillera). The $44.9 million deal will see PAC take on 16.4% of Cordillera's revenues, both management fees and ...

SG Hiscock commences abrdn fund changes

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... terminations by abrdn, opting to wind up five funds as part of its broader consolidation strategy. The Sustainable Australian Equity Fund, Select Sustainable International Equities Fund, Global Smaller Companies Fund, Global Absolute Return Strategies ...

Digitisation an immediate area of growth: Fund manager

CHLOE WALKER  |  THURSDAY, 6 APR 2023
... user adoption," he said. Already, New Capital has seen a big change in some of the names it holds in its $4 billion Global Equity Conviction Fund. "We owned Microsoft pre the launch of Chat GPT and open AI, but already, we've seen the announcements around ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... made numerous misrepresentations about Frank's users to entice JPMorgan into the sale. She received US$21 million for her equity stake and her contract as an employee with JPMorgan also entitled her to a US$20 million retention bonus. "Rather than help ...

Maple-Brown Abbott relaunches sustainable fund

CASSANDRA BALDINI  |  WEDNESDAY, 5 APR 2023
... Sophia Rahmani explained the repositioned fund, leverages the firm's resources, expertise and track record in Australian equity investing and long history and focus on ESG factors. "We believe investors can help shape a better future," she said. "The ...