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What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
Mergers, corporate fund closures and executive moves were the major motifs for Financial Standard readers this year. Unsurprisingly, further consolidation in the superannuation sector was a major driver of audience interest this year with a number of ...

Grant Hackett named chief executive of Generation Development Group

ANDREW MCKEAN  |  FRIDAY, 20 DEC 2024
Generation Development Group has appointed Grant Hackett as chief executive, while a new leader takes charge at Generation Life. Hackett, who will begin in his new role on 1 January 2025, has for the past five years served as Generation Life chief executive. ...

January Capital raises $136m for APAC growth credit fund

MATTHEW WAI  |  FRIDAY, 20 DEC 2024
The Singapore-based investment firm has raised more than $136 million (US$85 million) on the first close of its Growth Credit Fund, with the strategy focused on growth-stage technology companies. January Capital secured commitments from financial institutions ...

Vantage Point AM hires from Merricks

ELIZABETH FRY  |  FRIDAY, 20 DEC 2024
Paul Thomas, co-founder of Vantage Point Asset Management, has returned to the Singapore-based hedge fund after a four-year stint at Merricks Capital, the agricultural credit fund. Thomas has departed the firm backed by Melbourne's wealthy Liberman ...

ISPT joins IFM: Names new leaders

ELIZABETH FRY  |  THURSDAY, 19 DEC 2024
Top property executives Chris Chapple and Darren Steinberg will take on new leadership roles at Industry fund-backed asset manager IFM Investors following its recent deal with real estate funds manager ISPT. ISPT chief executive Chris Chapple has been ...

Schroders shutters local private debt arm

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2024
Schroders has confirmed its Australian private debt division will close, saying its efforts are better directed elsewhere. Schroders Australia is terminating its local private debt strategy, which was launched in 2020 when it established its private ...

Macquarie AM puts money in Aussie real estate investment firm

MATTHEW WAI  |  THURSDAY, 19 DEC 2024
Macquarie Asset Management's Real Estate division (MAM RE) has invested in IDA - an Australian specialist real estate private credit and investment manager - via its Macquarie Real Estate Partners (MREP) fund. Under the deal, IDA founding partners ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... governance frameworks. These were all large funds, representing 31% of the total in-scope funds under management (FUM) and close to six million member accounts. Twelve trustees were given an 'amber' rating, meaning their frameworks were considered 'acceptable'. ...

Betashares terminates nine funds

ANDREW MCKEAN  |  MONDAY, 16 DEC 2024
... (managed fund) (EINC), and Betashares Martin Currie Real Income Fund (managed fund) (RINC). Investors in the funds, which will close on 17 January 2025, will have two options: they can either sell their units on the ASX before the final trading day or ...

CapitaLand buys Wingate, expands local presence

MATTHEW WAI  |  MONDAY, 16 DEC 2024
... under management will be about $115 billion, including $2.5 billion from Wingate. It is noted that the final transaction close is subject to the fulfilment of conditions, including regulatory approval and is expected to be completed in the coming months. ...