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| | | ... to reach $1.1 trillion in assets, accounting for a 23% market share. Retail super funds have yet to crack the $1 trillion mark, growing 10% over the prior corresponding period to $933.2 billion. The retail sector comprises 48 entities versus the industry ... |
| | | | Brighter Super and JANA are among a group of Australian institutional investors who have injected $705 million into Nuveen's Arcmont Asset Management European direct lending strategy. Brighter Super, JANA Private Credit Trust and two other Australian ... |
| | | | APG Asset Management has topped up its mandates with MaxCap, deploying another $557 million ($US400m) to invest across Australian real estate. The discretionary mandate will continue to invest in first-mortgage loans across all real estate sectors with ... |
| | | | KKR, alongside other co-investors, have agreed to sell USI Insurance Services to Aon for $24 billion (US$17bn). USI is an insurance brokerage and consulting business across risk, employee benefits and retirement solutions, and boast more than 10,500 ... |
| | | | Australian Unity will wind down Platypus Asset Management, its wholly owned Australian equities fund manager, following a strategic review of the business. Australian Unity chief executive, wealth and capital markets, Balaji Gopal said the business ... |
| | | | Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise. Hejaz Islamic Super had 2600 members and more than $98 million in ... |
| | | | Global X is reducing the management fee on the Global X Gold Bullion ETF (GXLD) from 0.15% to 0.14% per annum, effective September 1. This comes after VanEck cut management fees on its gold ETF last week, also to 0.14% per annum. Global X said the move ... |
| | | | Sequoia will not pay any dividends in the financial year, revoking interim dividend it had announced earlier in the year of one cent per share, as an adviser exodus puts pressure on its revenue. In addition, the group announced its chief financial officer ... |
| | | | The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm. Julie Hamilton has taken on the role of chief executive, joining ... |
| | | | Consider a situation where a financial adviser believes an investment is no longer suitable for their clients. Perhaps a fund manager is underperforming or a stock held directly by clients needs to be sold. In the past, advisers would often have to ... |
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