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Showing 821 - 830 of 17118 results for "Billion"

Cbus deputy chief executive resigns

ELIZA BAVIN  |  FRIDAY, 25 JUL 2025
... leaving to commence as chief investment officer for a large family office. It has been a tumultuous year for the $100 billion super fund after an independent review by Deloitte back in December 2024 found little evidence to suggest Cbus' pricey relationship ...

Mercer Super, Virgin Money Super members caught in Australia Post burglaries

KARREN VERGARA  |  FRIDAY, 25 JUL 2025
... impacted. Virgin Money Super is part of Mercer Superannuation. Mercer Super Trust has more than one million members and $74 billion in assets under management, according to APRA's latest superannuation figures for March. Its SmartPath product has ...

Macquarie suffers first strike on pay package

KARREN VERGARA  |  FRIDAY, 25 JUL 2025
... reflected risk shortcomings in our FY25 decisions." In a June-quarter performance update, the group made a profit of $3.7 billion, up 5% year on year, boasting it's had "56 years on unbroken profitability". MAM's net profit contribution was down ...

Treasury opens consult on non-compete reforms

ELIZA BAVIN  |  FRIDAY, 25 JUL 2025
... the wages of workers by up to 4% or $2500 a year, based on median wages. Meantime, the productivity boost could add $5 billion or 0.2% to the GDP annually. "Non-compete clauses, by their design, restrict an employee's opportunity to work after they leave ...

Goldman Sachs appoints real estate MD

MICHELLE BALTAZAR  |  THURSDAY, 24 JUL 2025
... expand the group's client base. Goldman Sachs manages more than US$3.2 trillion in assets globally, of which US$500 billion is in alternatives. Prior to joining Goldman Sachs, he was a principal at global alternative assets manager Apollo Global ...

Macquarie chief financial officer steps down

ELIZA BAVIN  |  THURSDAY, 24 JUL 2025
... executive committee, effective 1 January 2026. This comes as Macquarie also held is AGM, in which it reported MAM had $945.8 billion in assets under management as at 30 June 2025 - up 1% on 31 March 2025. Of that, MAM Public Investments was down 1% to ...

Australian Ethical PM departs

ELIZA BAVIN  |  THURSDAY, 24 JUL 2025
... Australian financial markets, including two decades in small and mid-cap management. Previously he managed up to $6.5 billion in Australian equities portfolios as deputy head of equities at Perpetual Investments and co-founded Ethical Partners Funds ...

Law firm eyes First Guardian, Shield class action

ELIZA BAVIN  |  THURSDAY, 24 JUL 2025
... information shows that these funds were largely illiquid with their values grossly overstated." Wei said more than $1 billion in superannuation has potentially been wiped out, leaving more than 12,000 Australians out of pocket. "These are people's savings ...

Now is the best time to invest in infrastructure: Palisade

MATTHEW WAI  |  THURSDAY, 24 JUL 2025
... and medium-term reliability requirements and our long-term commitments to net zero - we'll need to invest about $15 billion every year in new generation between now and 2050," Rigg said "That's an enormous amount of capital... but we're still ...

Federated Hermes 'not far away' from launching Australian wholesale products

MATTHEW WAI  |  THURSDAY, 24 JUL 2025
... funds including Aware Super, Cbus, Colonial First State, HESTA, and Hostplus. The asset manager currently has US$839.8 billion ($1.27tn) in assets under management.