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Showing 1751 - 1760 of 3466 results for "Stake"

ARCO takes a net short on Australian financials

KANIKA SOOD  |  WEDNESDAY, 1 AUG 2018
... before the GFC. It has attracted investment from Melbourne-based family office Burnham Capital. Burnham acquired a minority stake in ARCO in 2017, providing some additional working capital and governance through two board seats. Both co-founders' ...

BNP Paribas AM sells Arnhem stake, appoints new investment manager

JAMIE WILLIAMSON  |  WEDNESDAY, 1 AUG 2018
BNP Paribas Asset Management has sold its 40% stake in Arnhem Investment Management ahead of the fund manager's closure, with the Arnhem Australian Equity Fund to be transferred to a specialist wholesale investor. On July 27, the fund's responsible ...

Adviser Ratings to predict licensees' quality of advice

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
... New South Wales Business School professor of finance Jerry Parwada, who co-authored the white paper with Hoven, said: "At stake is the threat to retail customers' willingness to access financial planning services. Recent studies show that even indirect ...

Future of superannuation leads FSC Summit

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
The superannuation industry should brace itself for fewer legacy arrangements, fewer accounts, and greater demand for needs-based insurance. This was a key message from PwC asset and wealth management leader Craig Cummins as he opened the Financial ...

ASIC unveils RG97 review

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
ASIC has welcomed an independent report proposing 34 changes to fee transparency for superannuation funds and managed investments under Regulatory Guide 97. The report, prepared by managed investments and super regulation veteran Darren McShane, engaged ...

Pinnacle splashes $50m on acquisitions

KANIKA SOOD  |  TUESDAY, 24 JUL 2018
Pinnacle Investment Management is acquiring a 40% equity stake in a Melbourne boutique founded by former Vanguard executives and is powering towards another acquisition. The multi-boutique manager is paying $4 million for a 40% equity stake in Omega ...

Pengana hires distribution lead from NAB

KANIKA SOOD  |  THURSDAY, 19 JUL 2018
... and health) in addition to the environmental factors it reports on. Last month, the equities manager acquired a minority stake in a credit boutique that offers credit funds for HNWIs.

IFM reports solid FY18

HARRISON WORLEY  |  MONDAY, 16 JUL 2018
IFM Investors reported strong funds under management and bottom line growth in FY18. The institutional investment manager reported a 15% growth in funds under management year-on-year, alongside pre-tax profit margin growth. With $107 billion under management ...

Government cuts SMSF red tape

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
The move by the Turnbull Government to release a discussion paper to change the annual audit cycle for some self-managed superannuation funds to three years has been welcomed by the SMSF Association. Minister for Revenue and Financial Services Kelly ...

Infrastructure manager turns up the heat

HARRISON WORLEY  |  MONDAY, 9 JUL 2018
... $4.7 billion global infrastructure manager, and an investment consultant to several superannuation funds, has purchased a stake in a Norwegian heating network. Whitehelm Capital acquired a 49% stake in Kvitebjorn Varme AS, the owner and operator of the ...