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Preqin acquires Colmore

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
The alternatives research business has acquired private markets technology, services and administration business Colmore. The transaction closed on August 5. Colmore will be fully owned by Preqin and run as a standalone business. Colmore chief executive ...

Perpetual acquires advice firm

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
Perpetual Private has acquired a boutique financial advice firm with over 1000 clients and $915 million of assets. Established in 2015, Jacaranda Financial Planning caters to the high-net-worth market with a team of nine advisers based in Sydney and ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
AMP's 57% year-on-year jump in its half-year profit shows positive signs of recovery but it's still a far cry from the company it was four years ago. In the six months to June, the group's underlying net profit after tax hit $181 million ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
... million and 20 million superannuation accounts in the system, if every worker was to have one account. In 2015, there were close to 30 million superannuation accounts - indicating the huge proportion of workers holding multiple accounts, accruing necessary ...

SEEK raising $260m for new fund

KANIKA SOOD  |  WEDNESDAY, 11 AUG 2021
... for future investments, split as $200 million from SEEK and $260 million from external investors in a raise expected to close around September 1. A new entity led by Andrew Bassat and staffed by SEEK's current investments employees will act as the manager ...

Funds valued illiquid asset correctly: ASIC

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
Corporate regulator ASIC stopped just short of praising fund managers on how they handled valuing illiquid assets at the height of COVID-19. ASIC found that the responsible entities of the funds were responsive to the increased valuation risks during ...

Delta to impact real estate market: Analysis

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
... agreed, noting that his network of buyers agents had seen an increase in clients looking for property in regional areas close to the capital cities.

Booming market for financial services jobs

ELIZABETH MCARTHUR  |  TUESDAY, 10 AUG 2021
According to Kaizen Recruitment, which specialises in financial services, lockdowns have not cooled a hot job market for finance professionals. The recruitment firm said positive momentum from the first quarter of 2021 only accelerated into the second ...

BNP Paribas wins China custody agreement

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
BNP Paribas will now be able to support institutional investors from Australia and elsewhere investing in China's equities and bonds markets, under a new custody agreement. BNP Paribas today announced it has been granted a licence to provide custody ...

Lendlease fund acquires assets

ANNABELLE DICKSON  |  MONDAY, 9 AUG 2021
... Sydney and is a functional office warehouse facility. Meanwhile, the two properties in Altona in west Melbourne are within close proximity to two existing properties in the portfolio which allows for the potential to expand lot sizes, improve amenity ...