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Showing 1 - 10 of 2101 results for %22Merger%22

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... the transaction and separation costs to be contained within 10-20% of the deal value - as with past asset management and merger acquisitions - tax implications are uncertain, seemingly even to the Perpetual board and management," Ler said. If the deal ...

Australian Retirement Trust wraps up AvSuper merger

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
Australian Retirement Trust (ART) has completed its merger with AvSuper after the two super funds formalised negotiations in February 2023. The $280 billion industry superannuation giant has gained 4800 new members and added $2.43 billion in funds under ...

Farewell TelstraSuper: Largest corporate fund explores merger options

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
TelstraSuper is searching for a merger partner, after its board concluded that size and scale are "increasingly important" to serving members' best financial interests. "The TelstraSuper Board see this as an exciting opportunity for members as we ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... subjected to the test three years ago, forcing many super funds that failed to either join forces with another fund via a merger or close the options. The inaugural test for trustee-directed products (TDP) launched last year. Ninety-six TDPs failed the ...

OpenMarkets brings on corporate advisory firm

JAMIE WILLIAMSON  |  THURSDAY, 2 MAY 2024
The fintech signed a strategic agreement that will see boutique advisory firm Rawson Lewis join its ranks. Rawson Lewis specialises in advising and structuring public capital markets transactions, including IPOs rights issues and placements, as well ...

Mercer rolls out new corporate super plan

ANDREW MCKEAN  |  THURSDAY, 2 MAY 2024
... solutions for smaller organisations was previously cost-prohibitive. This might've been inconsequential had it not been for the merger between Mercer Super and BT Super last year. While both funds had similar assets under management when they merged ...

Former Diverger managing director joins VBP

JAMIE WILLIAMSON  |  THURSDAY, 2 MAY 2024
... firms. Due to start in the new role later this month, Jacobsen was managing director of Diverger for three years before its merger with Count in March. Before that, he led Paragem and spent more than a decade in senior roles at Perpetual. "Nathan is ...

Crescent Wealth to merge into Russell Investments

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
... products, other than their superannuation, invested in a Shariah-compliant manner," he said. The need for Crescent Wealth's merger into Russell Investments was evident following a recent Member Outcomes Assessment by Equity Trustees. It revealed ...

Brighter Super to close socially responsible options

JAMIE WILLIAMSON  |  TUESDAY, 30 APR 2024
... options from May 31. It currently offers 32 different investment options, having run two separate sets of options since its merger with Suncorp Super. The fund said the decision is in line with its commitment to "improve our service offer and reduce ...

Mega super fund opens first international office

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
... investment officer Ian Patrick said the move demonstrates the scale of investments now being undertaken since the fund's merger more than two years ago. "ART partners with world-class external managers and this is the next logical step for us to ...
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