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Showing 741 - 750 of 4625 results for "Holding"

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... sold 9.4 million units at 93 cents per share to gain about $8.7 million in total. As at December 2022, CVC had a 37.2% holding in Eildon. CVC said the divestment releases capital earmarked for future commitments related to contracted investments; it ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... operated by small businesses and only 30% of SMSFs are linked to individuals. Currently, there are over 1.1 million members holding an estimated total asset value of about $868 billion in assets. Among small businesses, Micale said this group has a higher ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... business to Elanor for $42 million, which will be received in new Elanor securities. Upon completion, Challenger's holding in Elanor is expected to represent 18% of Elanor securities on issue. Meanwhile, Hamilton announced that Challenger expects ...

Illegal early release of super sees director banned

CHLOE WALKER  |  TUESDAY, 18 APR 2023
Gold Coast director Darren Edden-Brown has been banned by ASIC for eight years for promoting and assisting in the illegal release of superannuation. The corporate regulator found that while sole director of home buying firm Enigma, Edden-Brown had wrongfully ...

Pinnacle distribution director in new role

CHLOE WALKER  |  THURSDAY, 13 APR 2023
... managing partner and head of Australia at Pacific Century Group-backed alternative investment firm Altive, as well as holding several roles over a 13-year tenure at Macquarie Group. In his new role, Brookman will lead Tidal's distribution effort ...

Global X launches new Australian equity ETF

CHLOE WALKER  |  THURSDAY, 13 APR 2023
... and Woolworths. Global X head of investment strategy Blair Hannon said the ETF can be used as a core Australian equities holding or as a sector diversification tool, allowing investors to complement existing blue-chip portfolio holdings in the big four ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
The chief executive of Sweden's Alecta was let go by the fund as it looks to recover from large losses resulting from investments in Silicon Valley Bank, Signature Bank and First Republic Bank. Overnight, Magnus Billing was axed as chief executive with ...

CEFC, Crescent Capital Partners invest in decarbonisation

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 APR 2023
... right thing to do, but also because we believe it will build better and more valuable businesses over the course of our holding period." Since it began investing, the CEFC has committed $240 million to investments which leverage the power of private ...

Franking credit changes could backfire: SMSF Association

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... issue must have the principal effect of funding the distribution. Burgess said companies often reinvest profits instead of holding them as cash to be distributed to shareholders. "The association contends that for these companies reinvesting profits ...

Maple-Brown Abbott relaunches sustainable fund

CASSANDRA BALDINI  |  WEDNESDAY, 5 APR 2023
The fund manager has repositioned the Maple-Brown Abbott Responsible Investment Fund and relaunched it as the Maple-Brown Abbott Australian Sustainable Future Fund. The changes include updates to the screening process that look to ensure all portfolio ...