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Showing 161 - 170 of 559 results for "Latter"

Digital advice predicted to soar in 2022

KARREN VERGARA  |  FRIDAY, 14 JAN 2022
... intensification of the platform wars. Finura is confident Netwealth will successfully acquire Praemium by June 2022, despite the latter rejecting the initial offer. Last year, Finura said the merger and acquisition activity gave clear evidence that platform ...

Clime finalises ownership deal, appoints CIO

KARREN VERGARA  |  THURSDAY, 13 JAN 2022
... separately managed account and managed discretionary account solution with Ralton is in exchange for a 75% ownership in the latter. The managed accounts strategy is set to have $330 million in assets under management. The equity ownership is due to finalise ...

WAM ups PAF takeover bid

KARREN VERGARA  |  WEDNESDAY, 12 JAN 2022
WAM Capital has upped its takeover bid for PM Capital's Asian equities strategy, which the latter flags it will accept. WAM said the $1.149 per share offer for every PM Capital Asian Opportunities Fund (PAF) share is "compelling" and represents a 3.5% ...

EISS Super finds merger partner in Cbus

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
Cbus has come to EISS Super's rescue, after the latter was directed by APRA to merge as soon as possible. Cbus and EISS Super have signed a Memorandum of Understanding to complete a merger next year, with Cbus chief executive Justin Arter saying ...

Aware Super, VISSF finalise merger

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
... Victorian Independent Schools Superannuation Fund (VISSF). From today, VISSF members are now part of Aware Super, with the latter now supporting more than 200,000 members in the education industry. Aware Super chief executive Deanne Stewart said that ...

Hostplus, Intrust merger complete

KARREN VERGARA  |  MONDAY, 29 NOV 2021
... over 90,000 members, 25,000 employer clients, and $3 billion in funds under management to Hostplus, effectively taking the latter's FUM to $73 billion. Intrust chief executive Brendan O'Farrell has consequently stepped down from his post. He led Intrust ...

Pallas launches debt facility

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... worth of funding approved by its backers. It competes with non-bank lenders and does not offer construction loans. The latter is offered by Pallas' lending business, which settles about $50 million per month in new construction loans. Pallas chief ...

Unlisted unit trust conversions boost ETP sector

KARREN VERGARA  |  MONDAY, 15 NOV 2021
... international equities," the report reads. One of the main differences between ETPs and unlisted unit trusts is that the latter can be applied for and redeemed once a day based on net asset value. The buyer or seller does not know the price of the transaction ...

Irongate dismisses 360 Capital bid

KARREN VERGARA  |  FRIDAY, 12 NOV 2021
... consider a proposal that is consistent with this objective," IAP said. 360 Capital (TGP) currently has a 20% stake in IAP. The latter's portfolio has $1.43 billion in assets under management. Half-year 2022 results show that net tangible assets increased ...

U Ethical names chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 11 NOV 2021
... a new chief investment officer, promoting from within. Jon Fernie has been tapped to take over from James Cook, as the latter looks to retire at the end of the year after five years in the role. Announcing his intentions, Cook said: "While a lot has ...