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Showing 271 - 280 of 17085 results for "Billion"

Magellan profits fall, focuses on 'progress'

ELIZA BAVIN  |  WEDNESDAY, 18 FEB 2026
... Operating profit after tax was flat, coming in at $83.1 million and total assets under management were broadly stable at $39.9 billion. Investment management revenue was down 17% from $128.2 million to $106.9 million. Magellan declared an interim dividend ...

ASIC fines Fundhost for misleading fund performance

ELIZA BAVIN  |  WEDNESDAY, 18 FEB 2026
... platform to streamline its unit registry and fund administration operations. As at around June 2025, Fundhost oversaw $2 billion in assets.

Netwealth reports HY loss after $100m payment to First Guardian victims

ELIZA BAVIN  |  WEDNESDAY, 18 FEB 2026
... tax would have grown 19.9% to $69 million. Funds under administration (FUA) custodial inflows increased 10.7% to $16.4 billion in the first half and Netwealth reported closing FUA of $125.6 billion. Netwealth chief executive Matt Heine said despite the ...

Canadian pension fund in turmoil amid governance review

JAMIE WILLIAMSON  |  WEDNESDAY, 18 FEB 2026
A $23 billion Canadian pension fund has placed its chief executive on leave as it conducts a review into a hefty vacation payout and a workplace relationship. The CAAT Pension Plan announced yesterday it has placed chief executive Derek Dobson on administrative ...

Centrepoint offloads lending solutions business

KARREN VERGARA  |  TUESDAY, 17 FEB 2026
... technology, lending panel, training and education. At the end of June 2025, it serviced 75 brokers with a loan book of $3.4 billion. Astute, in return, will receive all new-business revenue generated from the lending aggregation business. The deal adds ...

MA Financial expands hospitality portfolio in NZ

MATTHEW WAI  |  TUESDAY, 17 FEB 2026
... under the AIP program, which has attracted over 500 applications since it opened in April 2025. Since then, over $2.7 billion (NZ$3.16bn) has been committed via the program. The fund has a target investment of $4.3 million (NZ$5m) and returns of 4% p.a. ...

AustralianSuper expands UK fundamental equity team

MATTHEW WAI  |  TUESDAY, 17 FEB 2026
AustralianSuper, the $410 billion super fund, has appointed a head of fundamental equity research based in the UK. Maria Toneva has joined the super fund from Newton Investment Management, where she was deputy head of research for over 13 years. Prior ...

Challenger results a 'headline miss'

ELIZA BAVIN  |  TUESDAY, 17 FEB 2026
... first half of 2026. Normalised NPAT came increased 2% to $229 million and assets under management increased 3% to $128 billion. Despite the positive appearance, Ord Minnett analysts said the result was a "headline miss" on expectations. "CGF today announced ...

Macquarie Asset Management to acquire Qube

ELIZA BAVIN  |  MONDAY, 16 FEB 2026
... any dividends declared or paid after the date of the Scheme Implementation Deed. This values the company at around $11.7 billion. The Qube board has unanimously recommended that Qube shareholders vote in favour of the scheme in absence of a superior ...

HESTA urges government to modernise Australian retirement system

RIDDHIMA TALWANI  |  MONDAY, 16 FEB 2026
... research by Laneway Analytics, commissioned by HESTA, showed up to 1.8 million Australians missed out on an estimated $2.46 billion in additional tax-free investment earnings in 2025. Without reform, the research said, this figure is projected to rise ...