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Showing 821 - 830 of 2018 results for "BID"

Generational change for La Trobe leadership team

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2017
La Trobe Financial is bidding farewell to two long-serving executives and has appointed from within to name successors as well as a new chief corporate treasurer. La Trobe chief operating officer Brian Ford is retiring after more than 35 years with ...

Aurora pushes for Hastings takeover

ALEX BURKE  |  MONDAY, 17 JUL 2017
Aurora Funds Management is extending its takeover bid for all ordinary units in the Hastings High Yield (HHY) Fund. Unitholders will now have until September 29 to consider Aurora's offer. Aurora originally made the bid in November 2016, telling unitholders ...

Second private equity firm bids $2.2bn

ALEX BURKE  |  WEDNESDAY, 12 JUL 2017
One of Asia's largest specialist private equity firms is matching KKR's bid for an Australian telecoms operator. Affinity Equity Partners has submitted a non-binding proposal to acquire 100% of Vocus Group for $3.50 per share, for a total of $2.2 billion. ...

Mystery buyer for $800m Aussie bond record

EMMA RAPAPORT  |  THURSDAY, 6 JUL 2017
A single buyer has snapped up all $800 million of Australian government bonds issued by the Australian Office of Financial Management on Wednesday. It is reported to be the largest single purchase of Treasury Bonds based on auction records dating back ...

ASIC bans ex-AMP adviser

KARREN VERGARA  |  TUESDAY, 27 JUN 2017
... $505,000 fine for trading "recklessly." An investigation in 2014 found Macquarie customised the parameters of its concurrent bid-offer filter within its automated order processing system for a new client which didn't have the traditional business model ...

Fiduciary rule introduced in United States

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2017
Financial advisers in the United States are now required to act in the best interests of clients in a bid to prevent the US$17 billion lost by retirement savers each year. Last Friday, the US Department of Labor partially introduced the impartial conduct ...

Private equity firm confirms $2.2bn bid

EMMA RAPAPORT  |  THURSDAY, 8 JUN 2017
Global private equity firm KKR has made a $2.2 billion buyout proposal for an Australian telecoms operator. The proposal to acquire Vocus Group is subject to a number of conditions, including KKR being satisfied with due diligence, available financing ...

Manager lists after $3bn merger

ALEX BURKE  |  THURSDAY, 1 JUN 2017
The vast majority of shareholders in an ASX-listed fund manager have approved a merger including $3.1 billion in funds under management, creating a new listed entity in the process. Following this decision, Hunter Hall will merge with Pengana Capital ...

Spreads reduced in bond trading facility

DARREN SNYDER  |  FRIDAY, 26 MAY 2017
... government bonds, the majority of the trades are now executed on mid-prices or close to mid-prices, effectively cancelling the bid/offer spread in this bond category. The time limit for any bond trade in the improved SaxoTraderGO platform is 45 seconds. ...

Super funds adopting insurers' investment strategies

KARREN VERGARA  |  TUESDAY, 23 MAY 2017
... market, Hurt said. But during retirement phase, fixed income will be increasingly important because of the low rates and high bid-ask spreads. "It's very relevant and topical for investors to move into fixed income at the same time the market dynamics ...