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Showing 811 - 820 of 3460 results for "Stake"

Code of Ethics must be fixed: Phil Anderson

CASSANDRA BALDINI  |  MONDAY, 28 NOV 2022
The Association of Financial Advisers (AFA) chief executive Phil Anderson said the Code of Ethics for financial advisers was not backed by industry during its 2019 implementation and remains the case now. The Code of Ethics, developed by the now dissolved ...

First Sentier names global responsible investment head

RACHEL ALEMBAKIS  |  FRIDAY, 25 NOV 2022
First Sentier Investors (FSI) has named Kate Turner its new global head of responsible investment while bolstering its responsible investment team in several markets. Based in Sydney, Turner replaces Will Oulton, who is retiring from the business at ...

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
Link Group has sold 10% of its existing 42.77% shareholding in PEXA Group for $101.9 million, with the net proceeds to be used to pay down debt. The PEXA selldown was executed at $13.50 per share; settlement is expected to occur on November 23. The ...

Spirit Super, Stonepeak pick up GeelongPort

JAMIE WILLIAMSON  |  MONDAY, 21 NOV 2022
... fund is excited for what the investment means for the long-term growth of the port and that members will now own a direct stake in one of Australia's largest regional infrastructure assets. "As the fund for hard working Australians, a key investment ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
APRA has released updated guidance on investment governance for superannuation trustees. The update, which comes into effect in January of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential ...

IFM Investors, UniSuper buy PRP stake

JAMIE WILLIAMSON  |  FRIDAY, 18 NOV 2022
... the first deal for the IFM fund. UniSuper is both an anchor investor in the fund and will take a 30% direct co-investment stake. "PRP is a great investment with a strong growth story which we anticipate will continue. It aligns with our strategy to invest ...

State Super welcomes former Deloitte partner to board

CASSANDRA BALDINI  |  THURSDAY, 17 NOV 2022
State Super has appointed former Deloitte partner Russell Mason as a director. Mason commenced his four-year term this month and has over 40 years of advisory experience in the superannuation industry. Most recently he worked as lead superannuation ...

ASX dumps CHESS replacement project

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
More than seven years on from when talk of a CHESS replacement began, the ASX has confirmed it will go back to the drawing board, writing off about $255 million in investment already made. The bourse first touted it would look to replace CHESS in February ...

Natixis takes on Investors Mutual distribution team

JAMIE WILLIAMSON  |  WEDNESDAY, 16 NOV 2022
... resources for institutional, wholesale and retail clients, as well as scale benefits, Natixis said. Natixis acquired a majority stake in IML in 2017. The changes come as IML founder Anton Tagliaferro prepares to retire in March 2023. Under the changes ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
APRA has released a discussion paper that outlines proposals to ensure trustees prepare for, manage, and execute successor fund transfers more smoothly, and efficiently. APRA's proposals have been prompted by heightened transfer activity in the industry ...