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Showing 21 - 30 of 17410 results for "Billion"

Challenger rejects $7.8bn takeover offer

VINNY VUCAGO  |  MONDAY, 26 OCT 2026
Challenger's board has rejected a proposed $7.8 billion takeover by TAL Daiichi Life Australia, saying the $11.80 per share offer falls short of a level it could recommend to shareholders. The annuities provider said directors had assessed the non-binding ...

AustralianSuper rolls out new investment data platform

VINNY VUCAGO  |  MONDAY, 26 OCT 2026
... manages retirement savings for more than 3.8 million members across more than 500,000 businesses. The fund had nearly $438 billion in funds under management as of June 30. Byron added that the investment in infrastructure and investment operations will ...

Labor bets on private capital, approves $278bn in foreign investment

KARREN VERGARA  |  MONDAY, 26 OCT 2026
Labor has approved $87 billion in additional foreign investments, bringing the total for the year to $278 billion as it bets on more private capital to buoy the economy. Treasurer Jim Chalmers announced that the additional $87 billion was approved in ...

GDG sales hit record as FUM grows 29%

VINNY VUCAGO  |  FRIDAY, 23 OCT 2026
... investment-bond sales at Generation Life despite more cautious investor and adviser activity. Group FUM, reached $48.1 billion at 30 September 2026, up 29% on the prior corresponding period. GDG chief executive Grant Hackett said GDG had "made a strong ...

Magellan sheds name, enters new focus as Barrenjoey

KARREN VERGARA  |  FRIDAY, 23 OCT 2026
... earnings volatility," he said. For the September quarter, the investment management unit's total assets declined by 8% to $38 billion, primarily due to higher bond yields impacting listed infrastructure valuations and outflows. Benari flagged the Magellan ...

ART rolls out new investment technology platform

VINNY VUCAGO  |  THURSDAY, 22 OCT 2026
Australian Retirement Trust (ART) has launched a new portfolio management system as the $375 billion superannuation fund strengthens its investment capabilities targeting further growth. The platform, powered by BlackRock's Aladdin technology, brings ...

MA Financial locks down flagship private credit fund, shutters another

KARREN VERGARA  |  THURSDAY, 22 OCT 2026
MA Financial has now suspended all redemptions and applications to its MA Secured Loan Series Fund, a $2.3 billion private credit portfolio after it imposed a temporary redemption limit in August. It will also wind up the MA Secured Real Estate Income ...

ATO sets sights on 'predatory practices' to access super

MATTHEW WAI  |  THURSDAY, 22 OCT 2026
... $1.5 million. However, while application volumes have declined, the total value approved increased by 2% to over $1.4 billion, the ATO said. Commenting, ATO deputy commissioner Ben Kelly said it was important individuals understand the immediate tax ...

IFM continues global infra drive with appointment, acquisition

MATTHEW WAI  |  THURSDAY, 22 OCT 2026
... particular, Kulper led the origination of IFM's toll road portfolio, which currently represents approximately $40 billion (US$28bn) in net asset value. Mangini welcomed Kulper's appointment. "Michael is a highly respected and experienced infrastructure ...

Rent stress threatens retirement security

VINNY VUCAGO  |  THURSDAY, 22 OCT 2026
... low-income renters could provide greater relief, but a scenario involving a 25% funding increase would cost an estimated $1.3 billion. Actuaries Institute chief executive Elayne Grace said policy settings needed to reflect changing housing patterns and ...