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Showing 591 - 600 of 7574 results for "Deal"

Pacific Current names acting chief executive

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... back of GQG's failed attempt to fully takeover the multi-boutique thanks to major shareholder River Capital blocking the deal. Clarke is currently a non-executive director at Perpetual and was the acting chief executive of Challenger's funds ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
The world's largest listed companies took on US$378 billion of net new debt last financial year, driving corporate debt to an unprecedented US$8.18 trillion, according to Janus Henderson's latest corporate debt index. While significant, the increase ...

BlackRock acquires Preqin in $4.8bn deal

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
BlackRock has agreed to acquire Preqin for £2.55 billion or approximately US$3.2 billion ($4.8 billion) in cash. BlackRock said bringing together Preqin's data and research tools with Aladdin's complementary workflow capabilities in a unified platform ...

FSC releases new standard on scam mitigation

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
The Financial Services Council (FSC) and its superannuation funds members have adopted a new standard to protect consumers from financial harm. The FSC's Standard demonstrates its members' commitment to protecting customers from scams and fraud by setting ...

New boutique launches private debt fund

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
Nero Private - a newly established boutique non-bank credit firm - has launched its first private debt fund, aimed at supporting Australian small and medium-sized enterprises (SMEs) while offering investors stable returns. Nero Private invests in credit-vetted ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
ASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group. ASIC found "significant and systemic failures of oversight and compliance" upon ...

ASIC freezes assets of Melbourne based licensee

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
The Australian Securities and Investments Commission (ASIC) has obtained interim orders from the Federal Court freezing the assets of financial advice licensee United Global Capital and related property investment company Global Capital Property Fund ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
Two separate laws that regulate how superannuation funds deal with non-arm's length expenses (NALE) and income (NALI) and expands the Australian Financial Complaints Authority's (AFCA) remit over super passed Parliament on June 25. Treasury ...

Long-term optimism for APAC despite short-term hurdles

ANDREW MCKEAN  |  TUESDAY, 25 JUN 2024
... "larger-than-usual" private equity fund closures. Preqin said that Japan's accommodating interest rate and weaker yen supported the deal market's growth in 2023, with private capital deal value reaching a five-year high of $34.8 billion. It said this ...

QIC beefs up energy team

ELIZABETH FRY  |  FRIDAY, 21 JUN 2024
QIC Infrastructure's specialist energy and utilities practice has appointed three new senior executives to originate new investment opportunities. Paul Maguire, Richard Van Breda and Mark Irwin have taken up senior positions within a business that ...