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Showing 61 - 70 of 3043 results for "Funds management"

Dexus property valuation rout deepens by $2bn

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
Dexus Funds Management wiped $1.9 billion off its property portfolio, driven by the office sector rout which lost $1.8 billion in value. The devaluations led to a whopping $1.6 billion statutory net loss after tax for the 2024 financial year, following ...

Bennelong, Leadenhall launch ILS fund

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
Leadenhall Capital Partners' insurance-linked securities (ILS) product, as distributed by Bennelong Funds Management, is now available to institutional investors. The LCP Insurance Linked Securities Fund targets institutional investors in Australia ...

Magellan inks strategic partnership as results hint at turnaround

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... morning, Magellan reported a 2% increase in net profit after tax, coming in at $177.9 million as at June 30. The Funds Management business saw profits before tax of $158.3 million, which was down 25%. As at June 30, Magellan's funds under management ...

Global X names head of portfolio management

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... company of Global X - chief global officer Young Kim welcomed Wolak to the firm. "Chris' deep understanding of funds management and exceptional track record reflects Global X Australia's commitment to our team, clients, and partners," Kim said. ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... is supporting higher margins and return on equity. Meanwhile, Challenger's funds under management (FUM) in its Funds Management division grew 19% to $117 billion. However, EBIT for the division declined 11% to $55 million, due to changes in the business ...

Assembly Funds Management seeks $100m

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
Assembly Funds Management (AFM), backed by the Lowy family, is seeking to raise about $100 million in re-opening its second property fund. Australian Diversified Property Fund 2 (ADPF2) is rattling the tin for the second time after it completed its ...

Pinnacle FUM soars 20%, introduces new boutique

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... billion. Fresh from announcing its takeover of Maple-Brown Abbott in July 2024, Antipodes also acquired Premium Asia Funds Management and took on three Asia-focused retail strategies. The Spheria Australian Microcap Fund (15.6%), MCP Credit Trust (11.5%) ...

Eildon divests stakes in four funds to Trilogy

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... result in an $0.4 million impairment in the 2024 financial year statements. Eildon's commercial real estate funds management business had $400 million assets as at February, while Trilogy currently manages some $1.2 billion in assets as at June 30. ...

QIC replaces real estate managing director

KARREN VERGARA  |  MONDAY, 29 JUL 2024
... executive general manager of people and culture, and moved to customer and marketing, and then chief executive of funds management. Coakley is also a non-executive director of the Children's Cancer Institute, a member of the National Construction ...

Maple-Brown Abbott sells to Antipodes

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
... support services." The acquisition comes just months after Antipodes bought specialist boutique Premium Asia Funds Management, taking over its three fixed income and Asian equity strategies, which collectively held about $170 million in funds. That deal ...