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Showing 231 - 240 of 6766 results for "Profit"

Inside Colonial First State's fund manager selection overhaul

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... market changes,'" he said. CFS's playbook for hiring and firing fund managers In the year to December 2024, not-for-profit funds awarded an estimated 62 mandates, down from 148 in the previous year, according to Rainmaker Information. For comparison ...

Patience urged over 'shortsighted' super tax

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
The SMSF Association (SMSFA) is repeating calls for the government to address "catastrophic" flaws in its proposed superannuation tax. SMSFA chief executive Peter Burgess said the critical flaw in the proposed tax is its calculation of investment earnings ...

PRI chief executive David Atkin to step down

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
... The outgoing PRI boss is a former director of the Climate Council, Frontier Advisors and chair of SuperFriend - a not for profit that that brings industry funds and insurers together to achieve mentally healthy workplaces for their staff and members. ...

Insignia lost a suitor, but takeover isn't off the table: Morningstar

ANDREW MCKEAN  |  THURSDAY, 15 MAY 2025
Bain Capital withdrew its bid for Insignia Financial, which saw the company's share price tumble, but with CC Capital still in the mix, the takeover saga isn't over yet, according to Morningstar. Morningstar said that although the risk of a ...

Lendlease looks at royal joint venture

ELIZA BAVIN  |  THURSDAY, 15 MAY 2025
... an announcement will be made should a binding agreement be concluded. In FY23/24 The Crown Estate reported net revenue profit of $2.27 billion (£1.1 billion). The Crown Estate's strategic focus is in areas where there are long-term structural challenges ...

SMC highlights long-term benefits of investing in private markets

MATTHEW WAI  |  THURSDAY, 15 MAY 2025
... supporting the economy by channeling savings into investments, it added. "Australia's $2 trillion pool of super savings in profit-to-member super funds has not only improved the lives of working people but also generated national prosperity," SMC ...

Alvia scoops up majority stake in ice cream cone maker

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
Alvia Asset Partners has acquired a majority stake in Altimate Foods, Australia's largest ice cream cone manufacturer, in partnership with the company's founding Rizzo family. According to Alvia, Australia's ice cream market has more than ...

Super moves: QIC, VFMC, ESSSuper, Aware Super

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
... for a super fund is Marie Cardac, who is leaving Frontier for a job as an investment manager at EISS Super, the not-for-profit fund for Victorian emergency services and state employees. Cardaci was a senior consultant at Frontier and the deputy head ...

Platinum to lose $1bn mandate

JAMIE WILLIAMSON  |  TUESDAY, 6 MAY 2025
... mandate worth about $958 million is to be terminated. The termination is to take effect from this Friday. "The impact to profit of the related loss of revenue will be offset by an acceleration of planned cost savings to be delivered in FY26," Platinum ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... Albanese government to draft of legal reforms to around super's death benefit laws, so family violence perpetrators do not profit from their abuse. The group also called for "ending age-based discrimination" in super by axing laws that exclude most ...