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Showing 1561 - 1570 of 3465 results for "Stake"

Hostplus enters merger talks

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
The $43 billion Hostplus is probing the possibility of a merger with another industry fund. Hostplus and the $566 million Club Super have entered into a Memorandum of Understanding to formally pursue discussions and undertake a comprehensive due diligence ...

Industry fund secures stake in asset manager

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
A $1.5 billion industry superannuation fund acquired a minority stake in an international asset manager. Christian Super has taken a minority shareholding in responsibility Investments AG, a leading impact asset manager headquartered in Zurich. According ...

IOOF divests Ord Minnett stake

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
IOOF is divesting its majority stake in Ord Minnett Holdings to focus on its wealth management capabilities. IOOF announced to shareholders this afternoon it will offload its 70% stake in Ord Minnett to a consortium for $115 million. It expects to make ...

Instos flex influence over investee companies

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
... Australian institutional investors, the majority of which work in the super and mutual fund sectors, believe the larger the stake in the company the greater the influence. The majority of respondents (more than 80%) said their influence affects the capital ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... for interested buyers' ability to acquire stakes in superannuation funds. From 5 July, any party seeking to acquire a stake greater than 15% in an RSE must ask APRA for approval. APRA said the proposed change brings superannuation in line with the ...

Industry funds could solve energy crisis: ISA

HARRISON WORLEY  |  TUESDAY, 25 JUN 2019
... largest wind farm in a move to boost its infrastructure portfolio. The fund agreed to buy out UBS Asset Management's 60% stake in Collgar Wind Farm, which it already held a 40% stake in. The project generates between 40% and 50% of the state's ...

Rest increases renewable energy investment

HARRISON WORLEY  |  MONDAY, 24 JUN 2019
... Western Australia as it moves to boost its infrastructure portfolio. Rest has agreed to buy out UBS Asset Management's 60% stake in Western Australia's Collgar Wind Farm, taking full ownership of the renewable energy project it has been involved in since ...

Fund manager insto lead exits

JAMIE WILLIAMSON  |  FRIDAY, 21 JUN 2019
... Ellerston has not replaced Carter. Ellerston, which is owned by Consolidated Press Holdings, recently took a controlling stake in Morphic Asset Management. As a result, Morphic will become a subsidiary of Ellerston. Morphic is a specialist global equities ...

Fidelity launches new rating system

ELIZABETH MCARTHUR  |  THURSDAY, 20 JUN 2019
The US$412 billion fund manager Fidelity today launched a new proprietary system for rating companies, leveraging the firm's extensive research capabilities. Fidelity's proprietary sustainability ratings have been fully integrated into Fidelity's investment ...

Fund manager strengthens alternatives capabilities

ELIZABETH MCARTHUR  |  THURSDAY, 13 JUN 2019
Natixis Investment Managers plans to launch a new affiliate - Vauban Infrastructure Partners - dedicated to infrastructure equity investing. Vauban will be established by transferring the current infrastructure team from Mirova. The team currently manages ...