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Showing 311 - 320 of 3448 results for "Stake"

Challenger posts mixed Q3 FY25 result

MATTHEW WAI  |  THURSDAY, 17 APR 2025
... long-term tailwinds in the Australian retirement market." TAL's parent company Dai-ichi Life Holdings acquired a minority stake of 15.1% in Challenger earlier this month.

GESB expands leadership team

JAMIE WILLIAMSON  |  MONDAY, 14 APR 2025
GESB, the super fund for Western Australia's public sector, added a former HESTA executive as its chief member experience officer, while also welcoming a chief corporate services officer. Both are newly created roles for GESB, which is undergoing ...

Blue Owl completes local private wealth team

ELIZABETH FRY  |  THURSDAY, 10 APR 2025
Blue Owl Capital, one of Wall Street's largest alternative asset managers, continues to add to the local headcount. Not quite nine months after PIMCO's John Valtwies joined Blue Owl as a principal, Larry Francis has come on board from Bentham ...

Regal writes off Opthea, FUM takes 8% hit

KARREN VERGARA  |  THURSDAY, 10 APR 2025
... following the failure of a major clinical trial. This is now worth zero. A top shareholder in Opthea, RG8 had about a 32% stake in the firm at the end of January. On March 31, ASX-listed Opthea announced it ceased the two major trials: COAST (Combination ...

Which fund managers are making the most from investor fees?

ANDREW MCKEAN  |  TUESDAY, 8 APR 2025
... great outcome for investors," Jocum said. Jocum added that ironically, some investors might have been better off buying a stake in these fund managers rather than investing in their "high-fee funds." "At least that way, they'd be on the receiving end ...

TAL takes 15% stake in Challenger

KARREN VERGARA  |  MONDAY, 7 APR 2025
MS&AD Insurance Group Holdings has sold its entire 15.1% stake in Challenger to TAL. TAL, together with its parent company Dai-ichi Life Holdings, acquired the minority interest at $8.46 per share - marking a 53% premium to Challenger's closing ...

Count acquires Adelaide advice firm

MATTHEW WAI  |  MONDAY, 7 APR 2025
... Their services also include superannuation, retirement planning, and wealth and risk management. Count currently holds a 45% stake in Count Adelaide, and following the completion, the company will increase the holding to circa 65% from FY26.

Allegro sells Questas stake for $375m

ELIZA BAVIN  |  MONDAY, 7 APR 2025
Allegro Funds has sold its majority stake in Questas Group to Five V Capital for $375 million. Allegro acquired the majority stake in Questas in 2019, investing alongside its founder, Kede Carboni, in a partnership deal. Since then, Questas has grown ...

WTL mergers three advice firms amid joint venture

KARREN VERGARA  |  FRIDAY, 4 APR 2025
... "Investco" will inject an initial $3.5 million into the newly formed national group called "Hubco" in return for a 36% equity stake. The capital will be used to pay down debt, support business growth, and allow the founding principals to realise some ...

Apex wins $7bn super admin mandate

KARREN VERGARA  |  FRIDAY, 4 APR 2025
Apex Group has won a mandate to administer Diversa Trustees' $7 billion master trust business. Diversa will use Apex Superannuation going forward, part of which means utilising Iress' Acurity platform. Iress offloaded its superannuation business to ...