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Showing 351 - 360 of 2616 results for "Loan"

Westlawn Financial Services cops stop orders

CHLOE WALKER  |  MONDAY, 24 OCT 2022
ASIC has placed an interim stop order on the distribution of Westlawn Financial Services' income fund, due to non-compliant target market determinations (TMDs). The interim stop order will restrict the Grafton-based firm from issuing interests in, giving ...

Revolution AM adds to board

CHLOE WALKER  |  WEDNESDAY, 19 OCT 2022
Vicki Hartley and Bill Entwistle have been appointed as non-executive directors to the board of Revolution Asset Management. With a career spanning over 30 years in financial service, Hartley was most recently chief financial officer at Lendi. She has ...

Brookfield Special Investments invests down under

CHLOE WALKER  |  WEDNESDAY, 19 OCT 2022
... transaction in Australia, providing a $150 million debt facility to Queensland-based Panthera Finance. The senior secured loan will fund the expansion of the credit management company and refinance the group's existing debt facilities. The Panthera investment ...

Aqualand, Qualitas launch $600m luxury project

CHLOE WALKER  |  WEDNESDAY, 19 OCT 2022
In what's said to be one of the largest loans of its kind in Australia, the $600 million funding package will be used to complete the construction of a commercial development project in North Sydney. The deal between Aqualand and Qualitas is believed ...

Financial stability risks escalate: RBA

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
... "This is likely to lead to a turn in the credit cycle, including for lenders in Australia, following a period of very low loan arrears. Debt-servicing challenges will become more difficult still if household incomes are affected by worse-than-expected ...

Cromwell sells stake in LDK

CHLOE WALKER  |  FRIDAY, 7 OCT 2022
The real estate investor and fund manager has sold its 50% equity interest in LDK Healthcare (LDK) to Anglicare Sydney (Anglicare). As part of the deal, Cromwell will initially receive $20 million, and will keep hold of its secured interest-bearing ...

Qualitas secures $440m for debt fund

CHLOE WALKER  |  FRIDAY, 30 SEP 2022
... approximately $1.2 billion of committed capital, allowing Qualitas to immediately secure a large-scale residential construction loan opportunity. Following the addition of this new commitment, Qualitas' funds under management (FUM) has grown to approximately ...

Managed funds industry records $16bn net flows

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
The managed fund industry had estimated net flows of $16 billion in the 12 months to June 2022, an increase in funds under management (FUM) through net flows of 2.3%, according to the Rainmaker Information Wholesale Managed Funds Net Flows report. However ...

QIC adds to multi-sector private debt team

ELIZABETH FRY  |  WEDNESDAY, 21 SEP 2022
... team was awarded a $500 million plus mandate by Queensland's State Investments. The mandate will see the team originate loan investments in Australia and New Zealand, ranging from $20 million to $75 million in size. This story first appeared in Industry ...

Super funds more likely to recall shares for proxy votes: Research

RACHEL ALEMBAKIS  |  TUESDAY, 20 SEP 2022
... securities lending can be used as part of various strategies, including shorting, hedging and arbitrage. When a stock is out for loan, however, the borrower retains the proxy vote. If the beneficial owner wishes to vote at an AGM, the stock must be recalled ...