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ASIC sues BDO Audit for misleading statements

MATTHEW WAI  |  MONDAY, 5 JAN 2026
... June 2025, the company commenced proceedings against BDO. The claim was for up to $26.6 million, plus interest and costs. Now, ASIC alleges that BDO and Just failed to take all "reasonable" steps to ensure that the audit reports for FY20 to FY22 were ...

ART takes 20% stake in Westfield Sydney, hands mandate to QIC

RIDDHIMA TALWANI  |  WEDNESDAY, 24 DEC 2025
... office towers, realising $2.4 billion of gains since acquisition. "As a result, our net investment in Westfield Sydney is now $0.9 billion and our remaining 80.1% interest is valued at $3.5 billion. This represents an increase of almost four times our ...

An outlook for fixed income allocations in 2026

ANGELIQUE MINAS  |  TUESDAY, 23 DEC 2025
... markets and sectors facing structural transition. "Given recent stronger than expected economic data, the futures market is now pricing that official interest rates will rise to 4% from the current 3.6% over the next 12 months," Wood said. Insight Investors ...

Family office buys stake in Lendlease retail asset

KARREN VERGARA  |  TUESDAY, 23 DEC 2025
... the Valiram Family Office. Retail and lifestyle business Valiram was established in 1935 specialising in textile trade and now operates more than 350 stores worldwide. Lendlease will continue to hold a 20% interest in the retail mall and provide asset ...

Change in AI sentiment, credit events could 'derail activity': AustralianSuper

RIDDHIMA TALWANI  |  MONDAY, 22 DEC 2025
... been an exception and one we expect to soften in the first half of next year. It is likely too soon to see AI related gains now, but these could plausibly emerge from 2027," he said. AustralianSuper research suggests the US will maintain fiscal stability ...

Drummond Capital broadens access to private markets offering

MATTHEW WAI  |  FRIDAY, 19 DEC 2025
... the benefits that come from utilising a managed account structure", BT head of managed accounts Zac Leman said previously. Now, the offering has been expanded to the broader advice market through retail IDPS and superannuation, providing access via the ...

Investment managers enter 'paradox' in 2026: Deloitte

ELIZA BAVIN  |  FRIDAY, 19 DEC 2025
... canvas, the gap between bold, well-governed execution and incrementalism will likely widen," the report said. "Leaders who move now can potentially convert 2026's complexity into compound advantage."

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... Torty Howard would also step down from her role as co-chief executive and take on an operations position, the sources said. Now, Perry is no longer with the firm, and Howard is chief operating officer. 10. Former AMP licensees rebranded as Akumin In ...

Frontier recruits operating chief

ELIZABETH FRY  |  THURSDAY, 18 DEC 2025
... partnership this month, which saw State Super's investment and operations specialists move to Frontier. State Super is now a 23.66% shareholder of Frontier, joining the likes of AustralianSuper, HESTA, Cbus and First Super. The asset consultant said ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... Master Fund. The trustees of the fund, Netwealth Superannuation Services (NSS) and Netwealth Investments Limited (NIL), will now face ASIC in court after admitting it "did not assess sufficient information about the First Guardian Master Fund, or make ...