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Showing 631 - 640 of 4601 results for "Andrew"

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... active equities investment lead Morry Waked. It has paid $138 million in cash for the stake, and Magellan executive chair Andrew Formica will now join the Vinva board. Magellan said it expects the acquisition will immediately contribute to profits, as ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Fiducian Group has reported that its underlying net profit after tax (NPAT) has risen 17% to $17.7 million in FY24, while its statutory net profit after tax increased 22% to $15 million. Fiducian's underlying earnings per share grew 17%, from 48 ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Although fundraising for APAC private debt funds has faced challenges in recent years, Preqin says the market is "ripe with opportunities." Fund managers that overcome challenges related to investor perception and risk management can succeed in the ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... cash rate doesn't align with the board's current thinking". Bullock's statement was echoed by deputy governor Andrew Hauser while addressing the Economic Society of Australia on Monday, going as far as calling those claiming to know-it-all ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... an on-market buy back of $20 million, and plans to reinstate dividend payments once sustained profitability is achieved. Andrew Russell was appointed on July 28 as group chief executive to stabilise the firm, which has gone through three chief executives ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
Challenger reported a normalised net profit before tax (NPBT) increase of 17% to $608 million and raised its full-year dividend by 10% to 26.5 cents per share fully franked, in its FY24 results released today. The financial services group said its NPBT ...

Janus Henderson to buy private credit manager Victory Park Capital

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
Janus Henderson will acquire a majority stake in private credit manager Victory Park Capital Advisors after Pacific Current Group agreed to divest part of its interest in the firm. The London-headquartered asset manager said that the acquisition of ...

BHP, Rio Tinto, Qantas back carbon credits fund

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2024
... farmers and local communities to integrate agriculture with nature repair," he said. Qantas' chief sustainability officer Andrew Parker shared a similar view. The airline has funded its investment through its $400 million Climate Fund, established last ...

Vanguard, Betashares, iShares neck and neck in battle for inflows

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
Vanguard, Betashares, iShares, and VanEck have attracted most of the ETF inflows in Australia for 2024, with competition among these issuers fierce. Vanguard led with $4.07 billion in inflows, followed by local player Betashares with $3.98 billion ...