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| | | ... administration, advice, and supervision grew 27% year on year to $202.8 billion. "The outlook for FY25 benefits from the scaling down of one-off costs related to the integration of AET and our substantial technology investments, and the exit from Ireland ... |
| | | | ... difficult," he said. The office sector rout wiped $1.8 billion off the Dexus Funds Management portfolio, ultimately trickling down to the bottom line of a $1.6 billion statutory net loss for FY24. Lendlease told a similar story with a $1.5 billion loss ... |
| | | | ... economy remains on a soft-landing path, which is an outcome of central banks raising interest rates just enough to bring down inflation to their target levels, without causing a major recession or meaningful increase in unemployment levels." However ... |
| | | | ... selection experience easy," Potts said. "By making the process simpler, and the options easier to understand, we can help break down the barriers that often stop Rest members from taking an active role in their super journey. By doing this we can ultimately ... |
| | | | ... investors seized on market dips, outflows in May and June diminished these gains. Equity funds finished the first half of 2024 down $2.19 billion. Separately, mixed asset funds also had a "difficult year," losing $1.74 billion in the first half of 20 ... |
| | | | Perpetual has named its new chief executive and managing director as Rob Adams steps down. Bernard Reilly assumes the top job, having exited Australian Retirement Trust (ART) as chief executive in February 2024. He spent two years at ART where he oversaw ... |
| | | | ... loss of $752.7 million in the prior corresponding period. Dexus has a total of $54.5 billion in funds undermanagement (FUM), down 11% year on year. Some $20 billion is in office property, while $11 billion is invested in industrial and infrastructure ... |
| | | | ... Christine McLoughlin as its chair, effective October 1. The appointment follows the departure of Sam Mostyn, who stepped down to become Australia's governor general in April. McLoughlin joins the board with over 25 years of experience in the financial ... |
| | | | ... impairment of goodwill and other intangible assets of $142.9 million. Revenue and other income for 1H24 came in at $309 million, down 1% from $311.6m in 1H23, due to divestments over the past 12 months. However, excluding divested businesses, revenue ... |
| | | | ... by lower contributions from the investments division. The investments unit's EBITDA was $174 million for the period, down 48% year on year. This was markedly lower due to the divestment of 34% of the US Military Housing Asset Management income stream ... |
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