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Showing 51 - 60 of 364 results for "divestment"

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... Malone said. Raiz shuttered its operations in Indonesia, Vietnam, and Thailand during the last financial year. The divestment of the Indonesian business finalised during the period, while the others are to complete in FY25. The Australian business made ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... management and administration (FUMA). Asset management net revenue decreased 6.1% in FY24, primarily because of the divestment of JANA in 1H23 and repricing of investor mandates and divestment of IOOF Ltd, it said. Net revenues in the platforms division ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
Private credit continued to buoy Qualitas' performance in the 2024 financial year while Charter Hall contracted against a tough real estate sector. Qualitas reported a 46% jump in total funds under management (FUM) to $8.9 billion thanks to several ...

Dexus property valuation rout deepens by $2bn

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
Dexus Funds Management wiped $1.9 billion off its property portfolio, driven by the office sector rout which lost $1.8 billion in value. The devaluations led to a whopping $1.6 billion statutory net loss after tax for the 2024 financial year, following ...

Iress earnings up 52% to $67m

ANDREW MCKEAN  |  MONDAY, 19 AUG 2024
Iress reported that its adjusted EBITDA increased by 52% to $67 million for the half-year ending 30 June 2024, compared to the same period in 2023. The financial services software company said the increase reflected "stable revenue" combined with "substantial ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
... investments unit's EBITDA was $174 million for the period, down 48% year on year. This was markedly lower due to the divestment of 34% of the US Military Housing Asset Management income stream that was recognised in FY23. This unit's funds under ...

How many advisers will Australia have in 2044?

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... shrinking adviser numbers, core markets in retail superannuation and platforms appear to be growing. "Disintermediation and divestment by wealth managers continues to be the key themes in the financial advice space. This has an impact on the volume of ...

New mandates boost Clime FUM

KARREN VERGARA  |  MONDAY, 29 JUL 2024
... expects the wins to deliver $0.8 million of annual recurring revenue in FY25. During the quarter, Clime finalised its divestment of Madison Financial Group and managed accounts platform WealthPortal to Infocus for $2 million. Clime retains Clime Private ...

Regal splashes out on slice of Argyle Group

JAMIE WILLIAMSON  |  FRIDAY, 19 JUL 2024
... stakeholders associated with the agriculture business, paying a total consideration of $12 million in cash. Following the divestment, Argyle is now Australia's largest pure-play water entitlements investment manager, with funds under management of about ...

Fidante divests Merlon stake

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2024
... Partners has offloaded its interest in Merlon Capital Partners to the latter's principals and investment team. The divestment of Fidante's minority interest took effect on July 12, with Merlon alerting investors that the multi-boutique arrangement has ...