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Showing 181 - 190 of 3448 results for "Stake"

State Super offloads investment team to Frontier Advisors

KARREN VERGARA  |  WEDNESDAY, 8 OCT 2025
... outsource its investment team to Frontier Advisors and as part of the deal, the government superannuation fund will take a 23% stake in the industry super fund-backed asset consultant. The two organisations described the arrangement as an "independent ...

ASIC raises alarm on auditor independence, conflicts of interest

KARREN VERGARA  |  WEDNESDAY, 8 OCT 2025
Too many auditors are failing the independence test and breaching conflicts of interest obligations, according to an ASIC investigation. A review of 15 audit firms saw nine did not meet rotation requirements while five of them had "relevant relationships" ...

Platform trustees told to improve investment governance

JAMIE WILLIAMSON  |  TUESDAY, 7 OCT 2025
The regulator has written to platform trustees in the wake of the First Guardian and Shield Master Fund collapses, alerting them to the need to strengthen their investment governance processes. In its letter, it shared initial findings from the thematic ...

AWAG to snap up 20% stake in First Mutual

RIDDHIMA TALWANI  |  TUESDAY, 7 OCT 2025
ASX-listed Australian Wealth Advisors Group (AWAG) will acquire a 20% stake in licensee First Mutual, in a bid to expand its AFSL and licensing services. The investment is on a cash basis and First Mutual will retain its autonomy and ownership structure ...

Platinum LIC turns down WAM bid

KARREN VERGARA  |  FRIDAY, 3 OCT 2025
... while Peters and Jane Stewart are executive directors. L1 Capital co-founders Mark Landau and Raphael Lamm each have a 33% stake in L1 Group, while Platinum founder Kerr Neilson has a 3% interest.

QIC delivers $9.6bn for Queensland

ELIZA BAVIN  |  THURSDAY, 2 OCT 2025
QIC delivered record FY25 results of $9.6 billion to its Queensland government clients in FY25, taking total earnings for the state to more than $22 billion since 2022. QIC said despite fluctuating market conditions during the financial year, assets ...

MUFG 'sincerely apologises' to Cbus over claim delays

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
Cbus and MUFG Retirement Solutions have reached a settlement relating to "unacceptable delays" in the processing and payment of death benefit and insurance claims made by Cbus members and claimants. MUFG said it "sincerely apologises to Cbus and its ...

Hostplus slams Lendlease over $2bn fund

ELIZA BAVIN  |  TUESDAY, 30 SEP 2025
Hostplus has blasted Lendlease over its governance of the $2 billion Australian Prime Property Fund - Industrial (APPFI). The $130 billion super fund has been attempting to oust Lendlease as the manager of the APPFI and instate Mirvac in its place. ...

Aware Super, Goodman Group launch US logistics platform

ANGELIQUE MINAS  |  TUESDAY, 30 SEP 2025
Aware Super will own 49% of the new US logistics platform, with Goodman Group to own the remaining 51% stake. Goodman Group will also provide comprehensive asset and property management services to the platform. The platform consists of three logistics ...

Allspring appoints head of sales for new Sydney office

ANGELIQUE MINAS  |  MONDAY, 29 SEP 2025
Allspring Global Investments has announced Jeremy Gordon will be the head of sales for Australia and New Zealand, leading its new Sydney office. Gordon brings over 25 years of experience in the funds management industry to the role. He previously spent ...