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Showing 431 - 440 of 3453 results for "Stake"

Perpetual halves investment in embattled Star

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
... In September WAM portfolio managers Matthew Haupt and John Ayoub admitted they "got the call wrong" when they took a 4% stake in Star in June last year. In September, the WAM Leaders Fund announced it would be gearing up for a "huge rotation" in Australia's ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
Australian Retirement Trust (ART) suffered an outage that saw many members' fortnightly pension payments delayed by several days. The nation's second-largest superannuation fund has been experiencing "intermittent technology outages" that have ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
ACCC chair Gina Cass-Gottlieb has told the Gilbert and Tobin Financial Services Forum that the ACCC has been advocating for reforms to merger control in Australia for years and urged the government to pass the reforms. "These reforms are particularly ...

amicaa head of distribution exits

ELIZABETH FRY  |  MONDAY, 28 OCT 2024
... institutional business development manager at Fidante Partners. Previously, he spent 12 years at Challenger, which bought a minority stake in Ardea in 2021 through Fidante. Gordon also worked as a relationship manager for BT Funds Management following ...

Euroz Hartleys Group names managing director

MATTHEW WAI  |  MONDAY, 28 OCT 2024
The Perth-based financial services business has appointed a managing director, promoting from one of its subsidiaries. Tim Bunney has taken on the role, stepping up from managing director and head of institutional sales of the group's main operating ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts." ...

Dinimus appoints new head of distribution

ANDREW MCKEAN  |  TUESDAY, 22 OCT 2024
... broader audience." Credlin's hire follows GP staking private equity firm Scarcity Partners' acquisition of a 35% stake in Dinimus last month. Scarcity Partners said the investment will support Dinimus' growth through improved distribution ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
AMP has given a positive Q3 market update with its platforms business seeing $750 million in net cashflows, up 76%. In addition, MyNorth inflows from independent financial advisers were up 47% for the quarter to $832 million. This has brought platform ...

AustralianSuper pumps $2.2bn into US data centre

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
... computing and storage. Last year, AustralianSuper signed a $2.5 billion deal with DigitalBridge Group to acquire a minority stake in Vantage Data Centers Europe, Middle East, and Africa (Vantage EMEA). The $2.2 billion allocated to DataBank will be used ...

HUB24 share price, FUA skyrocket

KARREN VERGARA  |  TUESDAY, 15 OCT 2024
... $4.1 billion has shifted to date. It recently announced a partnership with Reach Alternative Investments, taking a minority stake. Reach Alternatives provides access to institutional-grade private equity funds to retail investors, and currently has partnerships ...