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Showing 811 - 820 of 2018 results for "BID"

Westpac sells $12bn asset manager

ALEX BURKE, DARREN SNYDER  |  MONDAY, 6 NOV 2017
... diligence would cease. At a media briefing in Sydney last week, Charter Hall chief executive David Harrison said the original bid for Hastings was withdrawn because there was "a lot of fluidity in that platform." He said Charter Hall would only enter ...

Aurora finalises Hastings takeover bid

ALEX BURKE  |  MONDAY, 23 OCT 2017
Aurora Funds Management finalised its takeover bid for all ordinary units in the Hastings High Yield (HHY) Fund. Acting as the responsible entity for both the Aurora Global Income Trust (AIB) and HHY, Aurora closed the takeover bid on October 13. The ...

QIC adopts regtech solution

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2017
... transformation program to take ownership of its investment data, implementing data management and performance solutions in a bid to make its performance measurement function operate as efficiently as possible. "RIMES is a big part of helping us achieve ...

Former UBS exec joins Celeste

ALEX BURKE  |  FRIDAY, 22 SEP 2017
The former executive director and head of emerging companies research at UBS is joining Celeste Funds Management. Martin Byers specialised in emerging companies at UBS since joining in 2006. Prior to that, he was a senior equity analyst at the Royal ...

AustralianSuper moves to opt-in insurance

EMMA RAPAPORT  |  MONDAY, 18 SEP 2017
AustralianSuper has become the first major superannuation fund to make insurance opt-in for younger members in a bid to stop account erosion. Members of the industry fund who are under 25 when they join up will now be asked to "opt-in" to insurance ...

Netwealth expands managed accounts offering

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2017
Netwealth will broaden its range of managed account solutions in a bid to meet growing adviser demand and continue building on its now $15 billion in funds under management and administration. In the short period from 1 July 2017 the managed accounts ...

Rethink the great Australian dream: Report

EMMA RAPAPORT  |  WEDNESDAY, 30 AUG 2017
... drip feed dwellings into the market, and population growth. "CEDA's report looks at the UK as an example where developers bid high to obtain land for development and it is then in the interests of developers to build slowly to take advantage of rising ...

Westpac halts $14bn asset manager sale

ALEX BURKE  |  FRIDAY, 18 AUG 2017
Westpac has ended discussions regarding the sale of a $14 billion asset management subsidiary after the prospective bidder decided not to proceed. Charter Hall had originally entered talks with Westpac regarding the potential acquisition of Hastings ...

In-house investment bears fruit for AustralianSuper

DARREN SNYDER  |  FRIDAY, 28 JUL 2017
AustralianSuper chief executive Ian Silk has flagged expanding the fund's internal investment team to manage more than half of its rapidly growing asset base. Australia's largest superannuation fund has previously said it is aiming to manage between ...

Suncorp Tower takeover denied by competition watchdog

EMMA RAPAPORT  |  THURSDAY, 27 JUL 2017
... Vero Insurance New Zealand, which would see Suncorp acquire 100% of Tower's shares at NZ$1.40 per share (the Vero SIA). The bid trumped a previous NZ$1.17 a share offer from Canadian Fairfax Financial Holdings. At the time, Suncorp New Zealand chief ...