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Showing 361 - 370 of 3453 results for "Stake"

Oaktree offers Star $650m lifeline

ELIZA BAVIN  |  TUESDAY, 18 FEB 2025
... in September last year portfolio managers for the WAM Leaders Fund admitted they "got the call wrong" when they took a 4% stake in Star back in 2023.

Fiducian FUMAA swell to $14.4bn

KARREN VERGARA  |  MONDAY, 17 FEB 2025
Fiducian Group reported an 11% increase in funds under management, administration, and advice (FUMAA) to $14.4 billion thanks to improved inflows and the steady rise of the financial markets. The funds management business saw assets grow by 16% in the ...

Senate calls to overhaul super fund boards

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
The Senate Economics Committee has released its third interim report as part of the inquiry into Australia's retirement system. Senate Economics Committee chair Senator Andrew Bragg said the third report is focused around the "shocking governance ...

Brookfield subsidiary launches credit fund locally

KARREN VERGARA  |  FRIDAY, 14 FEB 2025
... ultra-high-net-worth individuals, family offices, or wholesale investors needing more liquidity. Brookfield acquired a majority stake of 62% in Oaktree Capital Group in 2019, combining assets worth US$475 billion at the time. They formed Brookfield Oaktree ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
The industry can now provide feedback on the proposed ban on the use of adverse genetic test results in life insurance, with Treasury commencing consultation today. Treasury has opened consultation on the complete ban, which was announced in September ...

LGT Capital Partners named lead investor for $143m fund

ELIZA BAVIN  |  TUESDAY, 11 FEB 2025
Armitage Associates, an Australian lower-middle market, growth buyout manager, has closed a continuation vehicle (CV) with LGT Capital Partners as the lead investor. As part of the transaction, entities advised by LGT Capital Partners acquired stakes ...

Saxo Australia to rebrand after global takeover

MATTHEW WAI  |  TUESDAY, 11 FEB 2025
A global financial services and technology company has agreed to acquire a majority stake in Saxo Australia, expanding its offerings to the local market, flagging a brand revamp will be revealed after the completion of the transaction. Johannesburg-based ...

Link Wealth expands into Tasmanian market

MATTHEW WAI  |  TUESDAY, 11 FEB 2025
Link Wealth has acquired 60% stake in the Hobart-based Sky Advisers, with the acquisition marking a significant step in Link Wealth's broader roadmap across Australia. The partnership will help drive Link Wealth's values, growth ambitions and operational ...

Generation Development Group buys Evidentia

MATTHEW WAI  |  MONDAY, 10 FEB 2025
... unit for their next evolution of growth," he said. Alongside the Lonsec takeover - which saw GDG acquiring the remaining stake in Lonsec in June 2024 - the two acquisitions have a combined total FUM of over $25 billion. GDG believes that by merging their ...

Cbus divests renewable asset

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
... recently reached financial close, with a total capacity of 367MW. Cbus Super, who are a co-shareholder in BEI, have sold their stake alongside CVC DIF. It also includes, a portfolio of three operational solar farms and two adjacent BESS development projects ...