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Showing 141 - 150 of 2717 results for "PIC"

Macquarie divests North America, Europe asset management units to Nomura

KARREN VERGARA  |  TUESDAY, 22 APR 2025
Macquarie Asset Management (MAM) will sell its North American and European public investments business that comprise equities, fixed income, and multi-asset offerings to Nomura for $2.8 billion. The business, which is based in Philadelphia, has about ...

Bullock hushes rate cut expectations

ELIZA BAVIN  |  FRIDAY, 11 APR 2025
Reserve Bank of Australia (RBA) governor Michele Bullock has calmed market expectations for an interest rate cut in May, saying it is too early for the bank to decide yet. Bullock noted the extreme market volatility because of US President Donald Trump's ...

Court approves Caddick SMSF class action settlement

KARREN VERGARA  |  WEDNESDAY, 2 APR 2025
The Federal Court has approved the settlement amount of $3.54 million for Melissa Caddick victims who brought a class action against auditors that failed to detect fraudulent activities in their SMSFs. Michael Chapman, a director at Mackay Chapman ...

Fink takes private markets to next level

KARREN VERGARA  |  TUESDAY, 1 APR 2025
BlackRock chief executive Larry Fink says the fund manager can upend the public-private market divide in the same way it has capitalised on active and passive investing. In his annual letter to investors, Fink said assets in the form of data centres ...

Budget deficit to balloon to $42.1bn

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
The 2025-26 Federal Budget revealed the Labor government's first deficit since taking power in 2022. Forecasts for the 2024-25 year were revised to show a $27.6 billion deficit, and forecasts show the deficit is expected to grow to $42.1 billion ...

DBFO reforms package 'pretty disappointing': FAAA

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
The Financial Advice Association Australia (FAAA) has come out swinging against Treasury and its second tranche of draft Delivering Better Financial Outcomes (DBFO) reforms, saying it can't support them without "substantial change." FAAA chief executive ...

Rest kickstarts in-house global equities trading

JAMIE WILLIAMSON  |  WEDNESDAY, 19 MAR 2025
After about 18 months in the works, Rest's internal global equities team is now running its first mandate. The team has been handed $300 million to invest on behalf of the fund's members, with plans to progressively increase the mandate over ...

India Avenue launches active ETF

KARREN VERGARA  |  WEDNESDAY, 19 MAR 2025
India Avenue Investment Management has launched its first active ETF on Cboe Australia. The India Avenue Equity Fund Active ETF (IAEF) was admitted on the exchange yesterday. The fund invests in predominantly publicly listed companies in India or generate ...

Aussie instos on the hunt for niche opportunities

ELIZA BAVIN  |  WEDNESDAY, 19 MAR 2025
Nuveen's Global Institutional Investor Survey has found that Australian investors are more likely to increase their allocations to private markets in the next five years and to seek out new niche opportunities within the asset class than their global ...

IAM mandate grows to $130m

KARREN VERGARA  |  MONDAY, 10 MAR 2025
Income Asset Management's (IAM) mandate to refinance digital non-bank lender MoneyMe's debt facility has grown to $130 million. IAM is refinancing MoneyMe's MME Horizon Warehouse Trust, which has secured commitments from family offices ...