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

Search Results

Showing 741 - 750 of 3460 results for "Stake"

ASX expands partnership program criteria

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
... that mFunds have stagnated. The ASX also recently announced it was approached by Yieldbroker to consider selling its 43% stake in the latter. Yieldbroker is currently being courted by US platform Tradeweb Markets. The sale is worth $125 million and the ...

Wendy Norris quits Future Fund

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
The Future Fund will need to reshuffle its investment team after the sudden resignation of the deputy chief investment officer. Deputy chief investment officer of change and Innovation Wendy Norris has quit Australia's sovereign wealth fund after ...

Eildon rebuffs takeover bid

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... the offer is "fair and reasonable to the group's securityholders". CVC announced on Monday that it was divesting a 19.9% stake in Eildon to free up capital. This morning, CVC said it will sell the remaining stake, which equated to 8.16 million units ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
CVC has divested a 20% stake in Eildon Capital that will be picked up by another boutique fund manager. ASX-listed CVC announced this morning that it entered into an agreement with Samuel Terry Asset Management to sell its stake so that it can free ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
It is 10 years since more than 1000 people died in the Rana Plaza textile factory collapse in Bangladesh in April 2013. In the intervening years, regulations to improve factory safety has been introduced in Bangladesh, and issues related to worker safety ...

GAM, Liontrust in merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 19 APR 2023
Fund manager GAM has confirmed it is talks with UK asset manager Liontrust Asset Management over a potential sale. In a short announcement to shareholders, GAM added that it is also in similar discussions with others. It said it is "working tirelessly ...

Soul Patts gives $200m to Pengana offering

CHLOE WALKER  |  WEDNESDAY, 19 APR 2023
... and expertise. On this basis we have made a substantial capital investment to seed the portfolio." In 2017, NAB sold its stake in Pengana to WHSP. At the same time, Pengana merged with Hunter Hall.

Experience pathway consultation opens

KARREN VERGARA  |  TUESDAY, 18 APR 2023
The federal government today opened consultation to clarify the educational requirements for experienced financial advisers and new entrants. Treasury Laws Amendment (Measures for Consultation) Bill 2023: Financial Adviser Standards states that an adviser ...

Cadillac Fairview, Gateway launch $1bn fund down under

CHLOE WALKER  |  MONDAY, 17 APR 2023
... development opportunities. Alongside the new investment vehicle, the Canadian investment giant has acquired a strategic stake in Gateway Capital's operating platform. "We are delighted to be partnering with Cadillac Fairview on the GULP strategy, whilst ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
APRA is pushing back the implementation of its new operational risk management standard following industry feedback. Prudential Standard CPS 230 Operational Risk Management (CPS 230) was initially intended to take effect 1 January 2024 but will now ...