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Showing 241 - 250 of 2365 results for "Merger"

Perpetual net outflows top nearly $9bn

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... outflows in cash (cyclical, low margin) and Australian equities, driven by manager rationalisation following a super fund merger and outflows from lower margin former Westpac AUM." Despite the outflows, 66% of strategies outperformed over a three-year ...

AustralianSuper, HESTA acquire majority stake in housing developer

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... large-scale housing investments across Australia. The new company, backed by the industry super fund giants, was born from the merger of affordable housing investment manager Super Housing Partnerships and home developer Assemble, with the latter retaining ...

Brighter Super posts 9.07% returns for its default option

ELIZA BAVIN  |  THURSDAY, 18 JUL 2024
... Super chief executive Kate Farrar said the strong returns show Brighter Super continues to deliver the benefits of the merger of LGIAsuper and Energy Super and the acquisition of Suncorp Super to members. "The mergers allowed us to pick the best possible ...

Qantas Super, Australian Retirement Trust to merge

ANDREW MCKEAN  |  WEDNESDAY, 17 JUL 2024
... Retirement Trust (ART). Subject to final assessments of members' best financial interests and equivalency rights, the merger would see Qantas Super's $9 billion in funds under management (FUM) and 26,000 members transfer to ART. Qantas Super ...

Spirit Super finds a new custodian

ANDREW MCKEAN  |  TUESDAY, 16 JUL 2024
Spirit Super, which is on track to be the successor fund to CareSuper after a planned merger this year, has replaced its custodian, NAB Asset Servicing. The $30 billion industry fund, which has over 350,000 members, will now receive global custody and ...

TelstraSuper pumps more into renewables

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2024
... electrolysers, which also has backing from Clean Energy Finance Corporation and Hostplus. TelstraSuper is currently exploring merger opportunities, with its board saying the fund should embrace a new identity that is separate to the Telstra Group, given ...

Funds SA, Mercer Super make key appointments

ELIZABETH FRY  |  FRIDAY, 12 JUL 2024
... Super as a member and chair. "She oversaw the growth of the Mercer Super Trust (MST), including last year's successful merger of BT Super into the MST," he said. Minto joined the board in April 2021 and has 45 years' experience in financial services ...

Insignia Financial overhauls operating model, executive team

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... The restructure announcement follows speculation that Insignia Financial has engaged Citi to field and review a potential merger or acquisition by a private equity firm. Following an article in the AFR, the ASX queried Insignia Financial over the news ...

Telstra flags ditching venture capital arm

KARREN VERGARA  |  TUESDAY, 25 JUN 2024
... Telstra Enterprise," she said. Meanwhile, Telstra is looking to offload TelstraSuper, announcing it is on the hunt for a merger partner.

Australian Retirement Trust people chief to depart

ELIZABETH FRY  |  FRIDAY, 14 JUN 2024
Australian Retirement Trust (ART) has confirmed the departure of chief people officer Helen Jackson, who will leave at the end of the financial year. The superannuation fund's business partnering lead Kylie Robinson will step into the role in an ...