Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2041 - 2050 of 22945 results for "management"

Australian Retirement Trust takes stake in Pattern Energy Group

MATTHEW WAI  |  WEDNESDAY, 18 DEC 2024
... Buying Riverstone's interest, ART and ABP become owners alongside Canada Pension Plan Investment Board and Pattern's management. The super fund said the investment will further cement its growing renewables portfolio and supports its Net Zero 2050 Roadmap ...

AMP defies super fund herd with Bitcoin bet

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... "took the plunge" into crypto, with its exposure to digital assets now accounting for 0.05% of its total assets under management - $57 billion. Flegg said crypto had "become too big, and its potential was too great to continue to ignore," though he also ...

Perpetual takeover 'not in the best interests of shareholders'

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
The proposed acquisition of Perpetual's wealth management and corporate trustees' businesses by Kohlberg Kravis Roberts (KKR) has been deemed not in the best interests of shareholders. An independent expert informed the wealth manager that the risk ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... 'favourable' valuation governance frameworks. These were all large funds, representing 31% of the total in-scope funds under management (FUM) and close to six million member accounts. Twelve trustees were given an 'amber' rating, meaning their frameworks ...

Cost-of-living worries drain retirement confidence: MFS

KARREN VERGARA  |  TUESDAY, 17 DEC 2024
... they want as managing finances amid the cost-of-living crisis dampens their confidence, a survey from MFS Investment Management found. Only 23% of more than 1000 participants canvassed are confident they will be able to retire at the age they want, which ...

JBWere partners to launch fixed income funds

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
JBWere is launching two active fixed income products, backed by UBS Asset Management (UBS AM), to provide wholesale clients access to domestic and global credit options amid growing demand for the asset class. The product suite, which includes the UBS ...

Oaktree completes $240m AZ NGA deal

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
Following its announcement earlier in September, the transaction has been finalised, with Oaktree Capital Management becoming AZ Next Generation Advisory's (AZ NGA) largest shareholder with a $240 million investment. As part of the deal, Azimut retains ...

BNP Paribas secures Insignia mandate

ELIZA BAVIN  |  TUESDAY, 17 DEC 2024
... custody and administration services. BNP Paribas said the mandate with Insignia, which holds $319.6 billion funds under management and administration, further strengthens its position in the Australian market. BNP said Insignia will benefit from its ...

Chalmers unveils new-look RBA boards

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... board. Baker has 35 years' experience in the financial services sector, with a focus on retail banking and funds management. She recently served as chief executive of Bendigo and Adelaide Bank and deputy chair of the Australian Banking Association. ...

Betashares terminates nine funds

ANDREW MCKEAN  |  MONDAY, 16 DEC 2024
... of our growing product range" and noted that the impacted funds account for just over 0.2% of its total funds under management, which has surged to more than $46 billion. Despite the closures, some funds have delivered strong performance; for example ...