Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 841 - 850 of 17127 results for "Billion"

Aware Super expands European footprint

MATTHEW WAI  |  WEDNESDAY, 23 JUL 2025
... the business in July 2020, it is now the majority shareholder. The announcement is a part of the super fund's $9.4 billion (£5.25bn) commitment in the UK and continental Europe over five years after opening shops in London in November 2023. The ...

Praemium reports FUA increase to $64.3bn

ELIZA BAVIN  |  TUESDAY, 22 JUL 2025
Praemium has reported funder under administration (FUA) of $64.3 billion to 30 June 2025, marking an increase of 12%. Praemium's next generation IDPS Spectrum achieved quarterly net inflows of $339 million, resulting in FUA of $2.38 billion for the ...

Insignia accepts CC Capital bid

ELIZA BAVIN  |  TUESDAY, 22 JUL 2025
... entered into a Scheme Implementation Deed (SID) to be acquired by New York-based CC Capital Partners for a value of $3.3 billion. CC Capital has agreed to acquire all the issued shares in Insignia for a cash consideration of $4.80 per share. The value ...

Younger Aussies want personalised financial advice: CALI

MATTHEW WAI  |  TUESDAY, 22 JUL 2025
... revealed payouts for mental health claims for total and permanent disability (TPD) insurance have ballooned over $2.2 billion. The association also noted the trend is especially exacerbating among the younger generation, with claims increasing by over ...

SS&C to take over Calastone for $1.6bn

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
SS&C Technologies Holdings is set to acquire Calastone for nearly $1.6 billion (£766m) upon Carlyle Group announcing it will divest the majority stake it bought in 2020. Upon completion of the deal, which is expected to be in the final quarter of 2025 ...

Macquarie AM acquires European student accommodation platforms

MATTHEW WAI  |  TUESDAY, 22 JUL 2025
... announcement comes mere days after the close of its first dedicated European infrastructure debt fund, which has raised around $6 billion at the final close. Macquarie Asset Management head of real estate in EMEA Brendan Jones said both platforms will ...

Brookfield takes stake in Cromwell

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... securityholder and retains a 19.9% stake, reflecting our confidence in Cromwell's outlook". Cromwell has a total of $4.5 billion in group assets under management (AUM), of which $1.4 billion sits in the funds management business. In its half-year ...

Bennelong launches Allspring Global Income Fund

MATTHEW WAI  |  MONDAY, 21 JUL 2025
... competitive performance in periods of market stress, including over the challenging markets of 2025." Allspring has US$600 billion ($922bn) in assets under management and advise and is currently managing over US$460 billion ($707bn) in fixed income a ...

1MDB mastermind found in Shanghai with Aussie passport: Reports

JAMIE WILLIAMSON  |  MONDAY, 21 JUL 2025
... passport in that name. Low is accused of being the mastermind behind a major money laundering scheme that saw close to $7 billion stolen from 1 Malaysia Development Berhad (1MDB), the sovereign wealth fund he helped former Malaysian prime minister Najib ...

North inflows jump 60%

KARREN VERGARA  |  MONDAY, 21 JUL 2025
AMP's North platform saw net inflows jump 60% in the last financial year, with $1.7 billion of client money reported in the June quarter. Total assets under management (AUM) for the platforms business, which includes Asgard platform products issued ...