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Showing 1631 - 1640 of 17429 results for "Billion"

AustralianSuper aims to five-fold $1.4bn Euro venture in five years

MATTHEW WAI  |  TUESDAY, 14 JAN 2025
AustralianSuper has acquired a 50% stake in Oxford Properties Group's $1.4 billion European industrial and logistics portfolio, with the partnership to target up to $7.5 billion worth of high-quality warehouses over the next three to five years. The ...

Channel Investment Management secures RE mandate

KARREN VERGARA  |  TUESDAY, 14 JAN 2025
... In December 2023, CBRE appointed Channel IM as RE and distributor of its Global Real Assets Fund. CBRE IM has US$147.5 billion in assets under management. CBRE IM chief investment officer for listed real assets strategies Joseph Smith said real estate ...

Magellan names interim chief financial officer

ELIZA BAVIN  |  TUESDAY, 14 JAN 2025
... said. Meantime, Magellan earned $6 million in performance fees in the last six months of 2024 and FUM dipped to $38.6 billion in December from $39.1 billion in November. Net outflows of $400 million was split evenly across retail and institutional in ...

Bitcoin now 7th largest global asset

ELIZA BAVIN  |  TUESDAY, 14 JAN 2025
... Federal Reserve scaled back its planned 2025 rate cuts from four to two, triggering a sharp correction, wiping out US$500 billion from the market cap. Despite the correction, the Binance Australia Monthly Crypto Market Wrap found that the drive in the ...

Vision Super to drop fees upon merger

ELIZA BAVIN  |  MONDAY, 13 JAN 2025
... our long-term vision is building a sustainable fund with a focus on our members and their retirement outcomes." The $14 billion super fund flagged that for a period from the SFT date there will be some disruption to services with limited services to ...

UBS injects $100m into Centuria Bass

ELIZA BAVIN  |  MONDAY, 13 JAN 2025
... with the balance coming from private wholesale investors. Centuria Bass' assets under management has increased to $2.3 billion as at December 2024, a 45% annual increase. "It is a pleasure to expand our relationship with UBS as it doubles its capital ...

Family offices turn to start-ups, M&As: PwC

KARREN VERGARA  |  MONDAY, 13 JAN 2025
... ago. In the past year, however, private equity strategies were the most popular, culminating in 469 deals worth US$39.5 billion. Venture capital came in second place with 277 deals and real assets at 44. US-domiciled funds were the most popular with ...

Insignia takeover heats up, Bain Capital ups bid

KARREN VERGARA  |  MONDAY, 13 JAN 2025
... 670.7 million ordinary shares outstanding at the end of June 2024, valuing the two offers on the table at about $2.88 billion. Insignia's board said it is "considering the revised indicative proposal in parallel with its consideration of the CC Capital ...

Platinum AUM inches to $11bn

KARREN VERGARA  |  FRIDAY, 10 JAN 2025
Platinum Asset Management grew its assets under management (AUM) in the last month of 2024 to end up with $11.1 billion. The fund manager made a net gain of $93 million during the month of December despite experiencing outflows of $289 million. Some ...

Managed funds industry winners and losers

ANDREW MCKEAN  |  FRIDAY, 10 JAN 2025
... trusts, according to Rainmaker Information's 2024: The year in wealth management webinar. ETFs attracted around $2 billion in net inflows a month last year whereas unit trusts had net outflows that exceeded this amount. The former also demonstrated ...