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New Forests sees potential in Vietnamese timber

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUN 2025
New Forests made its first investment in Vietnam, backing one of the country's top suppliers of lumber and logs. Via the Tropical Asia Forest Fund 2 (TAFF2), New Forests has invested in Tavico Group. It is the fourth investment made by the fund ...

Islamic finance industry association established

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUN 2025
The Islamic Finance and Investments Association (IFIA) will work to further Australia's nascent Islamic banking, finance and investments sector and Shariah compliant standards. Launched today, the IFIA is led by chief executive Chaaban Omran, the former ...

Stakeholders ask ASIC for tougher private markets regulation

KARREN VERGARA  |  WEDNESDAY, 4 JUN 2025
ASIC is facing growing pressure to up the ante on regulating private markets, particularly private credit, as key stakeholders fear offerings are becoming increasingly accessible to retail investors. In response to the inaugural discussion paper that ...

Australia's billionaire boom branded 'morally wrong' by Oxfam

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
The ranks of Australian billionaires have more than doubled over the past decade, accumulating wealth at $137 million per day on average - $95,000 per minute, according to Oxfam Australia. Its acting chief executive Christina Muli described this as ...

Global stock markets rally, but Trump's next post could flip the script

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
Global stock markets roared back in May, staging a spectacular turnaround from the extreme volatility and negative returns that rattled most developed equity markets in April. But uncertainty still looms large. UniSuper head of fixed interest David ...

Dai-ichi Life acquires 15% of M&G

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
Dai-ichi Life HD, which owns TAL, will acquire 15% of British asset manager M&G, with the two establishing a long-term strategic partnership across asset management and life insurance. Under the partnership, which is expected to produce at least US$6 ...

Apostle launches CastleKnight Management in Australia

KARREN VERGARA  |  MONDAY, 2 JUN 2025
Apostle Funds Management is bringing CastleKnight Management, a US$2.2 billion hedge fund manager, to Australia for the first time. New York-based CastleKnight will help Apostle deliver wholesale and institutional strategies by investing in mispriced ...

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
The life insurance industry appears to have moved past its loss-making years, reporting a $332 million profit at the end of March, new APRA figures show. About $5.7 billion was generated in insurance revenue, marking a 3% rise from the December 2024 ...

Apostle Fund adds two staffers

ELIZABETH FRY  |  THURSDAY, 29 MAY 2025
Apostle Funds Management has welcomed two senior executives to its investment and operations team as it intensifies its push for growth. Adam Camillo joins as chief operating officer while Harrison Lane is appointed investments director. Lane brings ...

GAM nabs Janus Henderson equities team

ELIZABETH FRY  |  THURSDAY, 29 MAY 2025
Swiss fund manager GAM Investments has brought in a new team to run its flagship European funds in a move that signals renewed institutional interest in European markets. GAM has appointed a European equities team from Janus Henderson to manage its ...