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Showing 761 - 770 of 17118 results for "Billion"

Equity Trustees FUM tops $254bn

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
Equity Trustees saw funds under administration and supervision (FUMAS) rise 28% to $254 billion in FY25. In addition, revenue rose 7% to $182.5 million, statutory net profit after tax rose 60.4% to $33.2 million, and underlying net profit before tax ...

Perpetual flags $153.7m impairment

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
... identifying new capabilities to support future growth. In the first half of FY25 J O Hambro experienced outflows of $3.6 billion. At the time of Perpetual reporting its 1H results, it flagged a non-cash impairment charge of $25.5 million because of J ...

Salter Brothers acquires Causeway AM

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
... order to scale our participation in the Australian lower mid-market corporate sector which now totals in excess of $500 billion borrowing appetite, we felt it was timely to build on our foundation in private debt markets by teaming up with Salter Brothers ...

Global X ETFs on a hiring spree, readies for $12bn FUM

MICHELLE BALTAZAR  |  THURSDAY, 21 AUG 2025
... ETFs can't seem to stop hiring, adding five new team members to its operations this month as its asset base tips over $11 billion in June, well ahead of its FUM target. Adding AI muscle to its technology team, Global X has hired David Croft as technology ...

ART raises stake in Tabcorp

ELIZA BAVIN  |  WEDNESDAY, 20 AUG 2025
... risen around 4.7% in the past six months, as at the time of writing. Investing in gambling stocks is not new for the $315 billion super fund. In its Balanced option, it also holds $75 million of Aristocrat shares, more than $7 million worth of Light ...

Australia emerges as managed accounts leader: Research

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
... Institute of Managed Account Professionals (IMAP) determined the local managed accounts sector had grown to over $232 billion in 2024.

Vinva, Barrenjoey buoy Magellan's earnings

KARREN VERGARA  |  WEDNESDAY, 20 AUG 2025
... the Global Alpha Extension Fund, was transitioned onto Magellan's platform in 4Q25. The four funds have a total of $1.7 billion in AUM. Barrenjoey saw a 24% increase in revenue and reported NPAT of $59.4 million. All business lines reported revenue growth ...

CEDA calls for 'seamless economy' reforms as Roundtable begins

ELIZA BAVIN  |  WEDNESDAY, 20 AUG 2025
... could unlock billions of dollars in economic benefits. Better data sharing alone could boost the economy by up to $10 billion." CEDA said the original seamless national economy agreement between 2009-13 delivered an estimated $6 billion in annual benefits ...

HUB24 reports record inflows, user growth

JAMIE WILLIAMSON  |  TUESDAY, 19 AUG 2025
HUB24 achieved close to $20 billion in inflows in FY25 and reported a 68% increase in profit. Released today, HUB24's annual results show the platform had $19.8 billion in inflows over the year, $4 billion of which came from large migrations. In the ...

ART chair to retire

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... stewardship of their collective retirement savings to provide financial dignity and security in retirement." ART has over $350 billion in funds under management on behalf of some 2.4 million Australians.