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Showing 531 - 540 of 2974 results for "Phil"

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation. RBA governor Phillip Lowe stayed the course with his assessment that while the Australian economy remained resilient ...

Foord Asset Management enters Australia, mandates EQT

CASSANDRA BALDINI  |  TUESDAY, 5 JUL 2022
Foord Asset Management has expanded into the Australian market, announcing Equity Trustees as responsible entity (RE) for its local offering. The new Foord Global Equity Australian Feeder Fund invests exclusively in the Foord SICAV- Foord Global Equity ...

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks. Speaking at the European Central Bank Forum in Portugal, Powell said: "Our aim is ...

Apollo secures Hostplus mandate

ANDREW MCKEAN  |  FRIDAY, 24 JUN 2022
Apollo Global Management has entered a strategic partnership with Hostplus to launch an Asia Pacific credit strategy. The new credit strategy launches with US$1.25 billion in assets, following an inaugural raise that included a $500 million anchor commitment ...

QIC welcomes new director of private debt

CASSANDRA BALDINI  |  TUESDAY, 21 JUN 2022
... Bettina Lung as its director of multi-sector private debt. Lung, who will report into QIC's head of multi-sector private debt Phil Miall, joins from Aware Super's credit income team. While at the super fund she was responsible for origination and ...

Queen's honours highlight industry veterans, ESG experts

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
Several well-known names in the financial services industry, past and present, were recognised in this year's Queen's Birthday honours. Awarded in the General Division of the Order of Australia was former Superannuation Trust of Australia (STA) and ...

Blackstone one step closer on Crown deal

ANDREW MCKEAN  |  FRIDAY, 10 JUN 2022
The NSW Independent Liquor and Gaming Authority has affirmed Blackstone's suitability to hold a casino license in NSW. This latest regulatory approval paves the way for the private equity manager to become the operator of the Crown Sydney casino. Blackstone ...

Active Super, Vision Super mull merger

ANDREW MCKEAN  |  THURSDAY, 9 JUN 2022
Active Super and Vision Super have signed a Memorandum of Understanding (MOU) to explore a potential merger. Both parties will undertake due diligence to determine whether a merger is likely to be in the best financial interests of members of both funds. ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
The Reserve Bank of Australia (RBA) has decided to increase the cash rate target by 50 basis points to 85 basis points. The central bank also raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting ...

Pendal launches new charitable investment vehicle

CHLOE WALKER  |  MONDAY, 6 JUN 2022
Pendal has teamed up with Investment Giving Australia to launch a new product in the Australian market that will allow investors to pass fund distributions on to charity. The launch of Investment Giving will offer investors the opportunity to direct ...