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QIC puts money into US aviation infrastructure

MATTHEW WAI  |  FRIDAY, 31 JAN 2025
... APP's customer demand at existing locations, QIC said. It will also aid the construction of a pipeline of hangars over the next two years. QIC global head of private debt infrastructure Evan Nahnsen believes the transaction will present "good relative ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... show that financial advisers will have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial scheme. The CSLR ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... one which promises to unleash a wave of investment - is completing financial advice reform. However, he cautioned that the next parliament, regardless of who forms government, mustn't see finalising advice reform as the finish line and simply wash its ...

Rest calls for advice reforms, extending SG

ELIZA BAVIN  |  FRIDAY, 31 JAN 2025
... institutional investment in housing supply and outline a more detailed roadmap and provide appropriate resourcing for the next phase of the sustainable finance agenda, including a focus on decent work and social and economic inequality.

Canadian pension fund names new CIO

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
... private markets subsidiary. Patrick Charbonneau has been appointed chief investment officer of PSP Investments. From early next month, he will oversee the manager's C$265 billion ($380 billion) portfolio design, overall investment strategy and treasury ...

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... the NCC cap will remain unchanged compared to 2024/25. This means that new opportunities may arise around NCC eligibility next financial year," MLC senior technical services manager Chris Chow said. Chow explained the increased TBC creates several advice ...

FOMC holds rates as Chalmers boasts 'our inflation is lower'

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... often held the view rate cuts were further on the horizon than others - said he believes a cut will come when the RBA meets next month. "We believe [the CPI] data has given the green light for the RBA to commence normalising the cash rate at the February ...

Private credit asset manager launches $100m strategic capital fund

ANDREW MCKEAN  |  TUESDAY, 28 JAN 2025
... complex financial landscapes." The GCI Strategic Capital Fund 1 is expected to be fully invested within a year, after which the next fund in the series will be raised. "We've seen first-hand that businesses in the SME and mid-market segments often face ...

Binance Labs becomes a family office

KARREN VERGARA  |  TUESDAY, 28 JAN 2025
... biotechnology. Binance founder Changpeng Zhao (CZ) will mentor and coach startup founders, while Zhang will oversee the firm's next growth phase. "The organisation is set to reintroduce in-person incubation experiences, offering a 12-week residency designed ...

Cbus hits $100bn in member assets

ELIZA BAVIN  |  TUESDAY, 28 JAN 2025
... rates, and the potential for 'higher-for-longer' US interest rates is likely to be a key factor for markets over the next 12-18 months." Following on from an active 2024, Chatfield said the infrastructure asset class is expected to remain strong ...