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PE firm acquires Mason Stevens

KARREN VERGARA  |  THURSDAY, 19 DEC 2024
... transaction will deliver significant value and benefits for clients, employees, and shareholders, taking the business to the next level. Mason Stevens Group was formed in 2012 when managed accounts provider Mason Stevens acquired 2020 Funds Management ...

AI can improve super fund value chain: CFA Institute

KARREN VERGARA  |  WEDNESDAY, 18 DEC 2024
... which new data are fed into the model daily, and the same parameters are used to produce outputs before being retrained the next month, Wu said. "Outputs are then used to inform equity and currency tilts, and the model has the potential to extend to ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... billion improvement in the budget and that means $177 billion less debt and $70 billion less interest repayments over the next decade or so." Chalmers maintained that despite another decade of deficits, his government has struck the right balance between ...

Oaktree completes $240m AZ NGA deal

MATTHEW WAI  |  TUESDAY, 17 DEC 2024
... Following its announcement earlier in September, the transaction has been finalised, with Oaktree Capital Management becoming AZ Next Generation Advisory's (AZ NGA) largest shareholder with a $240 million investment. As part of the deal, Azimut retains ...

Chalmers unveils new-look RBA boards

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... of detailed consultation, including with the opposition since July." The new boards are scheduled to commence from March 1 next year. RBA governor Michele Bullock welcomed the appointment of the new members to the governance board and monetary policy ...

Australia home to 43 billionaires: UBS

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... almost double the rate of increase in male billionaires in the past decade". "For us in Australia, this means that over the next few years, our coverage will reflect the needs of this client segment through a team that will deliver solutions such as ...

ISPT joins IFM Investors

ANDREW MCKEAN  |  MONDAY, 16 DEC 2024
... new opportunities, allowing us to capitalise on anticipated improved market conditions for the real estate sector over the next 12 months," he said. On Chapple's new role, Neale said "his expertise and leadership will be an asset for IFM, our clients ...

Three universities ditch financial planning courses

KARREN VERGARA  |  FRIDAY, 13 DEC 2024
... Palmer said. It comes as Viridian Financial Group co-founder Brett Arnol said with HSC results in New South Wales released next week, school leavers should consider a career in financial planning. "The industry has undergone significant transformation ...

Unemployment drops below 4%

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... investments and capital markets Russel Chesler said the low unemployment may push back hopes for an interest rate cut early next year. "A spike in the unemployment rate would be a red flag for the RBA and strengthen the case for an earlier rate cut. ...

Super moves: Future Fund, Aware Super

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
... associate Wai-Kwan Chislett has moved from running overlay strategies to working with the responsible investment team until next July. Chislett has been with Australia's sovereign wealth fund for four years, most recently as senior associate of overlays. ...