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Showing 161 - 170 of 5707 results for "cash"

Equity Trustees offloads Irish business

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
... executive Kevin Lavery, with additional investment from Irish-based MFM Capital. The sale includes the roughly $1 million in cash the business holds for regulatory capital purposes. The transaction is expected to be completed within the next few months ...

Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... "After its maiden profit in FY2023, the board believes Selfwealth is in a solid financial position with $12.4 million of net cash as of 30 June 2023 and the company has meaningful growth opportunities." The platform reported revenues of $29.4 million ...

Keppel private fund expands into Australia

CHLOE WALKER  |  FRIDAY, 13 OCT 2023
The Singaporean investment giant's private fund, the Keppel Education Asset Fund (KEAF) has acquired two education assets in Sydney for $198 million. Backed by institutional investors, including a large sovereign wealth fund and pension funds, KEAF's ...

GQG adds local sales staffer

ELIZABETH FRY  |  FRIDAY, 13 OCT 2023
... his Geelong-based practice for four years. Most recently, Pantè worked at Macquarie Group in a similar role covering both cash and wealth platform solutions. Before that, he was with Centuria Wealth Management as a senior financial adviser and had more ...

RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
Reserve Bank of Australia (RBA) assistant governor Christopher Kent has punctuated that beyond the cash-flow channel, where a rise in the cash rate leads to higher interest payments for those with debt, there exists other avenues through which monetary ...

Pengana launches first global private credit fund

CHLOE WALKER  |  WEDNESDAY, 11 OCT 2023
... greater access to global private credit and will target a total net return equivalent to the Reserve Bank of Australia (RBA) cash rate plus 8%. It follows a $200 million commitment from Washington H. Soul Pattinson as part of a joint venture with the ...

Multi-asset funds see $1bn exodus

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
... investors seem in no mood to dip their toes back in. Property tends to have lots of borrowing so higher rates are hitting cash flows in the sector as well as asset valuations, while a slowing economy is bad for tenant demand," she said. Overall, managed ...

Australia vulnerable to further shocks: RBA

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... recent Financial Stability Review, the Australian business sector remains resilient off the back of strong demand and high cash buffers supporting profitability and balance sheets. Nonetheless, the report flagged persistent cost pressures, along with ...

GARDA Property Group confirms $30.5m loss

CASSANDRA BALDINI  |  FRIDAY, 6 OCT 2023
... GARDA recorded a statutory net loss of $4.934 million after tax for the year. The decline included items categorised as non-cash in nature, occurring infrequently, and or pertaining to realised or unrealised changes in the values of assets and liabilities. ...

Impax launches global fund down under

CHLOE WALKER  |  THURSDAY, 5 OCT 2023
... focus on companies with proven track records of generating consistent operational returns, demonstrating above average free cash flow predictability, and where we believe those companies' long-term opportunities are now necessarily reflected in today's ...