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Showing 11 - 20 of 100+ results for "Investment Company"

Family offices should supplement super

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... help their children financially, could seek an alternative strategy, such as the establishing of a personal investment company." An investment company can receive a loan from the family, invest the funds, and pay tax on earnings at the company tax rate ...

Soul Patts to acquire LIC

KANIKA SOOD  |  TUESDAY, 22 JUN 2021
... for new acquisitions and better index participation. Milton Corporation (MLT) is an Aussie equities listed investment company (LIC) with about $3.7 billion in assets, $3.9 billion in market cap and about 670,000 shares on issue. The LIC is also chaired ...

Super leaders recognised

ANNABELLE DICKSON  |  TUESDAY, 15 JUN 2021
... Insurance, Perpetual, ING Australia and a member of Chief Executive Women. She is also the chair of Perpetual Equity Investment Company and was previously a director at HCF Australia and a trustee director at Kinetic Super. Elsewhere, the former chief ...

Aware Super awards $30bn mandate

ELIZABETH MCARTHUR  |  FRIDAY, 11 JUN 2021
... top-performing super funds," Aware Super chief investment officer Damien Graham said. "SSGA is a world-class investment company with strong environmental, social and governance (ESG) credentials that are very aligned to our own. Their proposal offered ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
In a very rare move, a listed investment company has restructured to become an exchange traded managed fund - listing on the ASX today. The Monash Absolute Investment Company (MA1) has been restructured to become the Monash Absolute Active Trust (MAAT ...

Investors greenlight LIC to ETF conversion

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
Unitholders in the Monash Absolute Investment Company (MA1) yesterday voted in favour of converting the LIC to a listed open-ended fund. The Monash Absolute Investment Company (MA1) last year initiated the process to convert from the closed-ended structure ...

Investec fund in management buyout

KARREN VERGARA  |  MONDAY, 10 MAY 2021
... Group, which is a 30% shareholder (and an existing investor in the IEC Fund); some 20% is owned by an offshore investment company backed by a high-net-worth investor Phillips did not name. Investec remains the single largest investor in the fund with ...

New board director at AFIC

KANIKA SOOD  |  THURSDAY, 22 APR 2021
The $9 billion LIC has added a former KPMG executive to its board. Australian Foundation Investment Company has appointed Julie Fahey as a non-executive director effective April 22. Fahey spent 10 years at KPMG as a partner, during which her roles included ...

FASEA chair to remain

ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
... is currently a director of the Reserve Bank of Australia's Payments System Board and Australian Foundation Investment Company. She is also chair of Melbourne Genomics Health Alliance and trustee of the Helen Macpherson Smith Trust. Walter was previously ...

LIC seeks options for performance woes

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
Listed investment company Templeton Global Growth Fund (TGG) is considering a range of options to salvage shareholder value after a period of poor returns and consistent discount to its net-tangible assets. TGG's independent directors have announced ...