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Showing 41 - 50 of 2931 results for "Stake"

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... sentiment positive. It is on-track for profitability and separation this time next year, it said. Meanwhile, a deal to sell its stake in Godfrey Pembroke was officially signed this month, with a view to being finalised next month. Underlying NPAT for ...

SMSFA reappoints Hay-Bartlem as chair

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The SMSF Association announced that Scott Hay-Bartlem has been reappointed as its chair and will serve another two years. Hay-Bartlem joined the association as a director in July 2019 and was appointed chair in February 2022. With a background in law ...

VanEck failed to disclose influencer's role in ETF launch: SEC

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2024
... topics," and the ETF's launch was announced on Twitter by Barstool Sports founder Dave Portnoy, who also has an ownership stake in Buzz Holdings. "To incentivise the influencer's marketing and promotion efforts, the proposed licensing fee structure ...

Count to finalise Diverger deal

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... that assessed the deal as being in shareholder's best interests. Diverger's largest shareholder, HUB24 with a 34.4% stake, together with Harvest Lane Asset Management (5.7%), and Kevin White and associates (4.8%), had also previously endorsed the ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... saying it continues to gain momentum, growing its funds under management to $5.1 billion in the half. Elsewhere, its 36% stake in Barrenjoey Capital Partners and 16% interest in FinClear delivered a post-tax gain of $3.1 million - an impressive turnaround ...

Fiducian reports strong first half, flags growth plans

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
Fiducian reported a 10% increase in revenues and 18% jump in funds under management for the six months to December end, saying it's the result of a disciplined business plan. In its half-year update, Fiducian said its underlying net profit after tax ...

Insignia Financial names chief executive

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
Scott Hartley will succeed Renato Mota as chief executive of Insignia Financial, effective March 1. The appointment follows weeks of speculation, during which time Hartley was tipped most likely to nab the role. It will be a return of sorts for Hartley ...

Scarcity buys stake in asset manager

KARREN VERGARA  |  MONDAY, 5 FEB 2024
Scarcity Partners has bought into an $8 billion asset manager that caters to private wealth firms. Scarcity acquired a 30% interest in Evidentia Group but did not disclose the dollar value. Evidentia works with private wealth firms to build investment ...

Oaktree's local head of distribution resigns

ELIZABETH FRY  |  MONDAY, 5 FEB 2024
... saying it does not comment on personnel changes. Separately, Oaktree and the asset manager Brookfield - which owns a majority stake in Oaktree - have hired Pragun Babhoota to look after relationships in Australia. Babhoota joins Brookfield Oaktree Wealth ...

Pinnacle affiliates push FUM to $100bn

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... earned by affiliates contributed $12.3 million to NPAT. Pinnacle also announced that it wrote down $3.4 million for its stake in OpenInvest. The current valuation is now only about $200,000. In 2021, Pinnacle made a $3 million cornerstone investment ...