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Showing 171 - 180 of 543 results for "IPO"

AMP divests life business

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... sale of its wealth protection business. It will also divest its New Zealand wealth management and advice businesses via an IPO. The completion of an AMP portfolio review led to the divestments. The buyer of AMP's life business is Resolution Life ...

Firetrail calls off $305m IPO

KANIKA SOOD  |  WEDNESDAY, 17 OCT 2018
... profitability but it doesn't make the boutique loss-making." Firetrail has said it had the cashflow to cover to fund the IPO costs. What's next? Hodgens expects some of the investor money raised during the LIC to flow back to the unit trust of ...

Perpetual distribution lead departs

JAMIE WILLIAMSON  |  WEDNESDAY, 17 OCT 2018
... record in the industry will help us broaden and deepen our client base and also maintain our momentum following the successful IPO of the NB Global Corporate Income Trust," Neuberger Berman head of Asia Pacific, Nick Hoar said. The IPO Hoar refers to ...

ETFs attracting more money than LICs

KANIKA SOOD  |  MONDAY, 15 OCT 2018
... Tribeca Investment Partners' 30% returning unconstrained resources strategy was rebooted as a LIC that led a $250 million IPO. Last month, former Macquarie market neutral managers launched Firetrail's, $304.5 million IPO. After all the product launches ...

ASIC provides relief for naked short selling

HARRISON WORLEY  |  TUESDAY, 9 OCT 2018
... naked short selling in the context of initial public offering sell downs where a special purpose company offers shares to IPO investors before it has an unconditional right to those shares. ASIC also said the instrument would provide firms with the option ...

Pinnacle launches new affiliate

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... as we both believe strongly in the boutique model and the benefit of alignment." Firetrail Investments recently launched an IPO under Pinnacle's banner, raising up to $304.5 million. Pinnacle recently acquired a 40% equity stake in a Melbourne boutique ...

Powerwrap appoints head of operations

JAMIE WILLIAMSON  |  THURSDAY, 20 SEP 2018
Powerwrap is welcoming a new head of operations as it continues preparations for its IPO. The platform and managed accounts provider has appointed Andrew Hartnett to the role, expanding its senior management team. Hartnett was most recently head of ...

Firetrail to launch $305m IPO

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... lodged a prospectus with ASIC on Tuesday for its listed investment company, to be called Firetrail Absolute Return Limited. The IPO follows successful capital raising by the manager. It expects to have $2 billion by the end of September - double its ...

Advisers warming up to LICs

KANIKA SOOD  |  THURSDAY, 6 SEP 2018
... participation in the IPOs of listed investment companies has jumped by nearly 30% since July last year, according to a leading IPO specialist. SeedPartnerships director Chris Clayton says until last year about 80% of LIC floats were taken up by brokers ...

Boutique manager to launch LIC

KANIKA SOOD  |  MONDAY, 3 SEP 2018
... feasibility operations, mining projects, engineering and design businesses, transport and logistics and service providers. The IPO general offer closes on September 26 and the LIC is expected to list on the ASX on October 12 under the ticker code TGF. ...