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| | | AMP delivered strong returns for its MySuper and Future Directions members in the year to June 30. For the period, members of AMP's MySuper 1970s, 1980s and 1990s options have achieved returns of 12.7%, 12.9% and 12.8% respectively. Meanwhile, MySuper ... |
| | | | Aware Super has sold its stake in ProTen to KKR for an undisclosed amount. Established in 2001, ProTen develops, owns, and operates farm infrastructure for Australia's poultry supply chain. The company manages poultry infrastructure including more than ... |
| | | | Treasurer Jim Chalmers has opened the new economic reform consultation paper while issuing more invitations to the government's Economic Reform Roundtable. "The roundtable is an important opportunity to build consensus for long term economic reform," ... |
| | | | The controversial superannuation tax will likely see an exodus of SMSF capital from emerging companies as they look to avoid growth companies, a discussion paper says. Following its initial discussion paper and petition on Division 296, Wilson Asset ... |
| | | | Bombora Advice is welcoming a new chair and a managing director following the departure of founder Kevin Martin. Wayne Handley will take on the role of executive chair and Niall McConville will become managing director, effective July 1. Martin served ... |
| | | | Legalsuper expects to close out the financial year with a return of more than 11% for its MySuper product. The super fund predicts FY25 will see a return of at least 11% for its MySuper Balanced option, while the High Growth option should return about ... |
| | | | Brookfield Asset Management is selling its local retirement home operator Aveo to The Living Company for $3.85 billion. Brookfield acquired Aveo in 2019 for about $1.3 billion. Aveo owns more than 10,000 units in metropolitan suburbs across the eastern ... |
| | | | High-profile sustainable finance specialist Camille Wynter has taken on the role of ESG integration lead at Cbus. She will be part of the responsible investment team and report to Ros McKay. Wynter succeeds Talieh Williams, who left in March to become ... |
| | | | Pension trustees and investment strategists see an opportunity to expand US DC savings into private market assets, particularly real estate. According to discussions at the Pension Real Estate Association (PREA) Spring Conference, experts including ... |
| | | | Managed funds domiciled in Australia received $8.6 billion in inflows from January to May this year, over 20 times the level recorded over the same period last year, according to global funds network Calastone. Calastone said local investors appeared ... |
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