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| | | Macquarie Asset Management (MAM) has pledged US$5 billion to NASDAQ-listed Applied Digital Corporation, which provides high-performance computing (HPC) data-centre solutions. MAM will initially commit up to US$900 million to operate the Ellendale HPC ... |
| | | | Hostplus published its inaugural Service Standards Report, aimed at improving transparency and accountability, with hopes other funds will follow suit. Hostplus chief executive David Elia said the report provides a comprehensive view of the volume ... |
| | | | BlackRock is set to acquire credit manager HPS Investment Partners for US$12 billion, creating a US$220 billion franchise. Under the deal, the two entities will create a new private financing solutions business, to be led by HPS chief executive Scott ... |
| | | | The financial advice industry has finally earned "profession" status and has the potential to self-regulate in the near future, according to Financial Advice Association Australia (FAAA) chair David Sharpe. In six years' time, Sharp believes the advice ... |
| | | | The merger between industry funds CareSuper and Spirit Super was officially signed, sealed, and delivered today, creating a $53 billion super fund. The newly combined fund, which operates under the banner of CareSuper, will, as previously revealed ... |
| | | | Ares Management Corporation will acquire the international business of GLP Capital Partners and certain affiliates, boosting its assets under management (AUM) by $65 billion (US$44bn). The business, known as GCP International, is being bought for $5.5 ... |
| | | | ESSSuper Income Stream members will see a 33% increase in their administration fee cap due to higher costs borne by the superannuation fund. From November 1, the super fund will increase its annual administration fee cap for Income Stream accounts from ... |
| | | | ... to the sale of 80% of Morrison Securities. "The shift from commissions to fee for service has also ensured businesses like ours are far more sustainable and less reliant on new sales and transactional income. In our case the retention rate of advisers ... |
| | | | State Street Corporation announced a strategic agreement with Taurus, a digital asset platform, to deliver new digital asset capabilities to State Street Bank and institutional investors. The agreement will add tokenisation and digital custody services ... |
| | | | ... software platform for the betterment of our other existing and new enterprise wealth clients. Fidelity is a key client of ours and one we are excited to work closely with in the future," he said. Some Bravura staff will consequently be transferred to ... |
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