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Showing 1621 - 1630 of 3465 results for "Stake"

Neilsons sell 10% of Platinum

KANIKA SOOD  |  WEDNESDAY, 20 MAR 2019
Billionaire fund manager Kerr Neilson and philanthropist Judith Neilson sold $300 million of their stake in Platinum Asset Management, to put money towards philanthropy and personal investments. The Platinum co-founder now has a retaining control over ...

Deutsche Bank and Commerzbank merger likely

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
Deutsche Bank confirmed it is in discussions with Commerzbank, but say there is "no certainty any transaction will occur." Deutsche Bank chief executive Christian Sewing said in a letter to employees: "Today we have informed the public that, in the ...

UK to introduce new pension scheme

KANIKA SOOD  |  TUESDAY, 19 MAR 2019
The UK has green flagged a new type of pension scheme on the back of union demand, joining Denmark and Netherlands which use a similar system. The new collective defined contribution (CDC) will allow employers to pool together group contributions while ...

FSC to enact binding standard on genetic testing

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
The life insurance industry is pushing ahead with the rollout of new rules on genetic testing despite a delay. There had been plans to launch a new Life Insurance Code of Practice from July 1, but during the feedback period the Financial Services Council ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
... step will be a directions hearing to determine if the case will run. Earlier this year, Australian Ethical divested its stake in IFL. The stock also fell off S&P/100 during its quarterly rebalance earlier this month.

QIC acquires European airport stake

KANIKA SOOD  |  MONDAY, 18 MAR 2019
QIC has partnered with a Dutch pension giant to acquire 36% of a European airport. The APG-QIC consortium transaction sees the Brisbane-based alternatives manager and the Dutch pension fund investor take a 16.8% interest in the Brussels airport. The ...

Brookfield acquires 62% of Oaktree Capital

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... creating a $672 billion alternative investment behemoth. The 120-year-old Canadian firm will pay roughly $6.8 billion for the stake in Oaktree Capital. Following the transaction, the two companies will continue to operate independently, retaining their ...

Swiss group acquires stake in local wealth firm

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
... firm, as the two form a long-term strategic partnership to expand globally. EFG International paid $61.2 million for the stake in Shaw and Partners, valuing the company at $120 million. Shaw and Partners has $12 billion in funds under advice while the ...

Digital engagement boosts investing demand

KARREN VERGARA  |  TUESDAY, 12 MAR 2019
... period use social media platforms for investing or finance-related purposes. Meanwhile, online brokers such as SelfWealth and Stake are gaining traction with online investors, especially the younger generation, research director Recep Peker said. "These ...

Hermes inks local ESG partnership

KANIKA SOOD  |  TUESDAY, 12 MAR 2019
The British investment management giant has signed an agreement to share its ESG expertise with an Australian body for asset owners. Hermes Investment Management's stewardship business (EOS) will share engagement insights about Australian and global ...