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Replace capital gains discount with income averaging: e61

RIDDHIMA TALWANI  |  THURSDAY, 15 JAN 2026
In a submission to the Senate Select Committee, e61 Institute suggested replacing the capital gains discount with a fairer approach, under which individuals can spread gains over time rather than being taxed in a single year. e61 said the discount distorts ...

Maple-Brown Abbott partners to launch global infra fund

MATTHEW WAI  |  THURSDAY, 15 JAN 2026
... was formed in 2012, led by portfolio managers Maple-Brown, Steven Kempler, and Justin Lannen, who have worked together for close to 20 years.

Federated Hermes appoints global fixed income CIO

RIDDHIMA TALWANI  |  TUESDAY, 13 JAN 2026
Federated Hermes has promoted R.J. Gallo from deputy chief investment officer to chief investment officer for its global fixed income portfolio, who will succeed Robert Ostrowski when he retires in May of this year. Gallo has also served as the co-head ...

Pallas Capital launches in the UK

MATTHEW WAI  |  TUESDAY, 13 JAN 2026
... which manages a loan book of £1.8 billion ($3.6bn) and has completed more than 1100 loans and other investment types worth close to £2.75 billion ($5.5bn) since 2016," the announcement read. "Our offering has been carefully crafted to support borrowers ...

ASIC seeks feedback on updating financial reports relief guidance

MATTHEW WAI  |  TUESDAY, 13 JAN 2026
ASIC has commenced a consultation on updating the Regulatory Guide 43 Financial reports and audit relief (RG 43), to ensure clarity in granting relief from the financial record-keeping, financial reporting, and audit requirements. The update aims to ...

Chalmers globetrots to sell minerals for foreign investment

ELIZA BAVIN  |  TUESDAY, 13 JAN 2026
Treasurer Jim Chalmers has travelled to the United States for a series of meetings with his international counterparts as he seeks to sell more of Australia's critical minerals in exchange for more foreign investment hitting Australian shores. "This ...

KKR chief operating officer steps down

ANGELIQUE MINAS  |  MONDAY, 12 JAN 2026
... of the Asia Pacific business in August 2014 before landing the role of deputy chief operating officer. Locally, KKR was close to acquiring Perpetual's wealth management and corporate trust businesses until a massive tax bill shattered the deal. Following ...

AustralianSuper backs BlueScope rejecting $13bn bid

ELIZA BAVIN  |  FRIDAY, 9 JAN 2026
... billion takeover bid for the Australian steel producer. BlueScope rejected the $30 per share offer, claiming it was not even close to reflecting the company's value. "Let me be clear - this proposal was an attempt to take BlueScope from its shareholders ...

Russell Investments secures $1.8bn funding from Apollo

RIDDHIMA TALWANI  |  THURSDAY, 8 JAN 2026
... continued financial discipline. "Today's announcement underscores Apollo's ability to deliver flexible capital at scale through close collaboration across our Hybrid and Credit platforms," Apollo partner and deputy co-head of hybrid Chris Lahoud said. ...

Lazard sets up new chief investment role

RIDDHIMA TALWANI  |  WEDNESDAY, 7 JAN 2026
Lazard Asset Management has created a new role of a chief investment officer and appointed Eric Van Nostrand. The US$265 billion asset manager said the newly established role will strengthen the cohesion, discipline and effectiveness of its global investment ...