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| | | During a panel session at the act Conference 2024 yesterday, private equity experts spoke of the growing appeal of evergreen funds as a vehicle for retail investors looking to invest in private markets. Unlike traditional private funds, evergreen funds ... |
| | | | On September 1, South Africa's new pensions system will be introduced, allowing individuals to access some of their retirement savings in times of need. Earlier this year, the government of South Africa passed the Revenue Laws Amendment Bill of ... |
| | | | The acquisition of Australian Executor Trustees (AET) has bolstered the revenue and client book of Equity Trustees (EQT) in the last financial year. EQT's revenue increased 23.1% to $174 million in the 12 months to June, benefiting from the integration ... |
| | | | Pacific Current Group (PAC) saw funds under management grow 18% to $42.5 billion for the full year ended June 30. Boutique Contributions, ex mark-to-market adjustments, grew 16% driven by a 23% growth in management fee-related revenues. In addition ... |
| | | | The costs associated with the wealth giant's transformation and increased remediation provisions have resulted in a $185.3 million net loss and the need to pause dividends as it undertakes a strategic review. Releasing its full-year results to the ASX ... |
| | | | MA Financial has announced two new agreements - with each deal worth up to $1 billion - to expand its real estate investment options for institutional investors, including introducing an Australian-first program. A collaboration with Warburg Pincus ... |
| | | | BlackRock, DNR Capital, Elston, Lonsec and Zenith have been added to the Expand Extra menu, doubling the wrap platform's separately managed account (SMA) offerings. The additional investment managers complement the current fleet of MLC Asset Management ... |
| | | | Assembly Funds Management (AFM), backed by the Lowy family, is seeking to raise about $100 million in re-opening its second property fund. Australian Diversified Property Fund 2 (ADPF2) is rattling the tin for the second time after it completed its ... |
| | | | Choice products require a fairer regulatory framework as the current settings are heavily focused on default superannuation, putting advised clients with complex needs at a disadvantage, according to the Financial Services Council (FSC). A new report ... |
| | | | Two-thirds of Australians with guaranteed income streams are proactively retiring with fewer worries and are doing so to enjoy their twilight years, contrary to popular belief, a new study reveals. Research from Macquarie University's School of ... |
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