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Showing 411 - 420 of 6249 results for "December 6"

Regal, Magellan book performance fees

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
Active fund managers Regal Partners and Magellan Financial Group earned $25 million and $6 million in performance fees respectively in the last six months of 2024. Several strategies were behind Regal's outperformance, namely the ASX-listed Regal ...

Morgans Financial crowned largest licensee

KARREN VERGARA  |  WEDNESDAY, 8 JAN 2025
Morgans Financial has toppled AMP Financial Planning (AMP FP) to become the licensee with the largest number of financial advisers. Morgans recorded 431 active advisers at the end of 2024, while AMP FP had 426. On December 20, both AFSLs had 430 registered ...

Perpetual awards mandate to Equity Trustees

KARREN VERGARA  |  TUESDAY, 7 JAN 2025
Perpetual has appointed Equity Trustees (EQT) to oversee two of its superannuation products as the new trustee. Equity Trustees Superannuation will takeover trustee duties on 1 March 2025 from Perpetual for the Select Super Plan and Select Pension Plan. ...

CC Capital Partners bids for Insignia

KARREN VERGARA  |  MONDAY, 6 JAN 2025
New York-based CC Capital Partners has expressed interest in taking over Insignia Financial, upping Bain Capital's offer that was recently rejected. CC Capital Partners is offering $4.30 cash per Insignia share, which is a 7.5% premium to Bain Capital's ...

MetLife to acquire PineBridge Investments

ANDREW MCKEAN  |  MONDAY, 6 JAN 2025
MetLife Investment Management, the US$603 billion asset management arm of insurance giant MetLife, is set to acquire PineBridge Investments from Pacific Century Group in a deal valued up to US$1.2 billion. The deal comprises US$800 million in cash at ...

Traders left scrambling over ASX settlement outage

MATTHEW WAI  |  MONDAY, 23 DEC 2024
The Australian Securities Exchange (ASX) suffered another glitch last week that disrupted two days' worth of trades. The ASX said it detected a "technical issue" on its CHESS Batch Settlement last Friday, forcing trade settlements on December 18 ...

HPI rethinks Hostplus, Charter Hall takeover

KARREN VERGARA  |  MONDAY, 23 DEC 2024
After slamming the takeover offer from Hostplus and Charter Hall for several weeks, Hotel Property Investments (HPI) is now asking unitholders to accept the $3.785 per share bid. HPI's about-face announced last Friday is based on two recent developments. ...

What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
Mergers, corporate fund closures and executive moves were the major motifs for Financial Standard readers this year. Unsurprisingly, further consolidation in the superannuation sector was a major driver of audience interest this year with a number of ...

M&A and IPO the 'gamechangers' for 2025: Expert

MATTHEW WAI  |  FRIDAY, 20 DEC 2024
Providing an outlook for the new year, Fidelity International portfolio manager Casey McLean said M&A and IPO activities will likely increase, noting there are a list of companies anticipated to make the foray into the public markets across the US and ...

Anne Fuchs takes on new role at ART

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
Highly experienced financial services expert Anne Fuchs now has a broader new role at Australian Retirement Trust. ART executive general manager for advice, guidance and education has been appointed executive general manager of advocacy and impact. ...