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Showing 761 - 770 of 17422 results for "Billion"

Equity Trustees hit with additional licence conditions

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... as trustee for 11 registrable superannuation entities (RSEs) and has approximately 649,000 member accounts and over $37 billion in funds under management. The additional licence conditions follow APRA's recent thematic review of the investment governance ...

Fund managers remain bullish on AI for 2026

RIDDHIMA TALWANI  |  WEDNESDAY, 17 DEC 2025
... from the capex investment in the next 12 to 18 months. The Magnificent 7 is estimated to increase capex by 30% to US$550 billion in the next year. Nvidia chief executive Jensen Huang predicts companies will spend US$3 trillion to US$4 trillion on AI ...

Mubadala enters $754m JV with Barings

ELIZA BAVIN  |  WEDNESDAY, 17 DEC 2025
... will focus on investing in senior and subordinated real estate loans across real estate asset classes. Barings has $30 billion in real estate debt assets under management. Mubadala deputy chief executive, credit and special situations Omar Eraiqaat said ...

Mark Delaney to step down from AustralianSuper

JAMIE WILLIAMSON  |  TUESDAY, 16 DEC 2025
... latter, while former AustralianSuper chief executive Ian Silk led the former. At that time, member assets sat at about $20 billion. Today, they total more than $400 billion, held on behalf of over 3.6 million members. "Around half that growth was due ...

BlackRock loses $8.9bn pension fund mandate

MATT TOLEDO  |  TUESDAY, 16 DEC 2025
PME Pensioenfonds, a Dutch pension fund with $105 billion in assets, has terminated an $8.9 billion equity mandate with BlackRock due to the manager's misalignment with the fund's environmental, social and governance framework. According to a release ...

Why a single insto client is a massive business risk

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... following the loss of a major mandate has underscored the importance of having a diversified client base, as one $2.2 billion manager warns this has become a substantial business risk. This year alone saw the curtains drawn for Celeste Funds Management ...

Natixis, Generali call off $3.2tn joint venture talks

RIDDHIMA TALWANI  |  TUESDAY, 16 DEC 2025
... firms had signed a Memorandum of Understanding in January in which Generali, a major Italian insurer, would commit €15 billion ($25bn) in seed funding to the joint venture. It would have created a behemoth with €1.9 trillion ($3.2tn) in assets under ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... hit from the First Guardian Master Fund and Shield Master Fund debacle. The unit, which is embroiled in the loss of $1 billion superannuation member money thanks to the collapse of First Guardian and Shield, has made $1.86 million in EBITDA, November ...

Centrepoint Alliance expects core profit to top guidance

RIDDHIMA TALWANI  |  TUESDAY, 16 DEC 2025
... The IconiQ platform launched in December last year is building initial scale, Centrepoint Alliance said, with over $1 billion in transition pipeline. Developed in partnership with FNZ, it provides advisers with both an investment and super Wrap solution. ...

Chalmers flags pension, super spending in Budget update

ELIZA BAVIN  |  TUESDAY, 16 DEC 2025
... pressures on the Budget, and update our forecasts," Chalmers said. Chalmers said the mid-year budget update will include $20 billion in additional savings and reprioritisations to improve the budget bottom line. In addition to expected cost cutting ...