Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 741 - 750 of 17118 results for "Billion"

Perpetual flags 'uncertainty' over wealth management sale

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
... management business saw a 5% drop in underlying profit before tax to $51.5 million, however funds under advice rose 9% to $21.5 billion thanks to net inflows from a new institutional client and an improvement in equity markets. "We were pleased with ...

Platinum banks on merger positives amid dismal FY25 result

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
... at the vote on September 22. It will remain listed on the ASX, under a new L1G ticker code, and have a combined $16.5 billion. The update came alongside a lacklustre set of financials, including a 31% drop in adjusted operating profits before tax. The ...

Count sees $5.1m cost synergies from Diverger integration

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
... statutory EBITDA was up 144% to $24.9 million and NPAT was up 89% to $10.9 million. Funds under management rose 24% to $3.9 billion and funds under advice saw an increase of 10% to $37.8 billion. In addition, Count delivered $5.1 million in cost synergies ...

Aware Super invests in $1bn venture

MATTHEW WAI  |  THURSDAY, 28 AUG 2025
Aware Super has partnered with European fund manager Equitix and the UK National Wealth Fund (NWF) to invest $1.04 billion (£500m) in a UK battery storage platform. Led by Equitix, the consortium will fund Eelpower Energy to build, own, and operate ...

Australian Ethical FUM approaches $14bn

MATTHEW WAI  |  THURSDAY, 28 AUG 2025
... Ethical has revealed its results for the financial year to June 30, with funds under management (FUM) soaring to nearly $14 billion. FUM surged by 34%, or $3.5 billion, to $13.94 billion in FY25, which was a result of positive net flows, the acquisition ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... The staggering growth of private capital funds, for example, nearly tripled over the past decade, increasing from $57.1 billion in 2014 to $148.6 billion in March 2024. Sometime this year, ASIC will release a roadmap outlining its proposals to help attract ...

Revolution private credit trust to launch on ASX

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... Sahota said REV has received strong investor demand through its cornerstone and broker firm offer with bids exceeding $1 billion. "The launch of the trust reflects our commitment to making private credit more accessible through a structure that is transparent ...

Invesco sells intelliflo to Carlyle Group

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... services company. Carlyle recently divested its stake in Calastone, selling to SS&C Technologies Holdings for nearly $1.6 billion.

Commonwealth Super delivers 'resilient' performance for FY25

MATTHEW WAI  |  WEDNESDAY, 27 AUG 2025
... Balanced option, and 10.6% for the PSS Default option, which also contains the largest assets under management of $28.02 billion as at June end. CSC attributed the performance to the diversification of "high-quality" assets, including innovative businesses ...

Future Group calls on super funds to push for bold emissions target

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... its 2035 emissions target, Future Group has called for a 75% reduction on 2005 levels, which it said could unlock $20 billion a year in capital investment. New scenario analysis from Deloitte Access Economics, prepared for Future Group, found that a ...