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MA Financial eyes growth with Warburg Pincus, Flexicommercial

MATTHEW WAI  |  THURSDAY, 22 AUG 2024
... a strike price of $6. The first date on notes issued in the vehicle is anticipated to occur by December 31, with a first close target of $700 million. "This initiative is a testament to MA Financial's significant real estate investment and debt structuring ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
The Australian Securities and Investments Commission (ASIC) has unveiled its corporate plan for the next 12 months, with the superannuation industry in the firing line. ASIC said its review of the superannuation industry has been a multi-year project ...

Rest cuts investment options

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
Rest has announced a raft of changes to its investment menu, including a reduction in the number of investment options from 15 to nine. From September 30, the super fund will streamline its investment menu in a move it said will make the selection process ...

Bennelong, Leadenhall launch ILS fund

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
Leadenhall Capital Partners' insurance-linked securities (ILS) product, as distributed by Bennelong Funds Management, is now available to institutional investors. The LCP Insurance Linked Securities Fund targets institutional investors in Australia ...

UniSuper enterprise risk lead departs

ELIZABETH FRY  |  MONDAY, 19 AUG 2024
UniSuper's head of enterprise risk has lost his job, following a restructuring of the risk function. Dennis Gentilin is a risk and governance professional with over 20 years experience in the banking, finance, consulting and superannuation industries. ...

Financial Standard opens Power50 voting

STAFF WRITER  |  MONDAY, 19 AUG 2024
Voting is now open for the 2024 Financial Standard Power50, which recognises the most influential financial advisers in Australia. Financial Standard has shortlisted 114 financial advisers who have progressed to the voting stage after receiving more ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Although fundraising for APAC private debt funds has faced challenges in recent years, Preqin says the market is "ripe with opportunities." Fund managers that overcome challenges related to investor perception and risk management can succeed in the ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
On Wednesday, the Reserve Bank of New Zealand (RBNZ) trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023. The central bank pointed to inflation converging to its target range as the core reason ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
Bravura Solutions returned to profit in the 2024 financial year following a "difficult year" but flags it is not done with its cost-cutting strategies. The ASX-listed firm's total revenue was stable at $250.4 million but managed to haul itself out of ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... management of Cbus' trustee. "The Coalition has been calling for regulators to take strong action to ensure Cbus' close connections to its union, the CFMEU, are not undermining its compliance with governance obligations, including the best financial ...