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

Search Results

Showing 71 - 80 of 17076 results for "Billion"

Macquarie Asset Management earnings soar to $2.6bn

KARREN VERGARA  |  FRIDAY, 8 MAY 2026
Macquarie Asset Management's (MAM) earnings soared to $2.6 billion largely driven by bumper performance fees charged on its private markets transactions. MAM's net profit jumped 27% in its full-year reporting period ending March thanks to private ...

ART, Mubadala back CBRE's infrastructure platform

RIDDHIMA TALWANI  |  FRIDAY, 8 MAY 2026
... investments from CBRE, Mubadala, ART and other global investors, brings the total equity committed to the platform to US$1.25 billion ($1.95bn). Accelerate founder and chief executive Brennan Potts said: "This capital reflects deep alignment with long-term ...

Fintech AUDC hires former UBS director, expands senior team

MICHELLE BALTAZAR  |  THURSDAY, 7 MAY 2026
... facilities and operate within Australia's financial regulatory framework. It said that it has processed more than $1.5 billion in transaction volume since the product AUDD was launched in 2022.

Magellan confirms job losses

ELIZA BAVIN  |  THURSDAY, 7 MAY 2026
... and Vinva Investment Management will be appointed as investment manager for the funds. The funds have approximately $5.3 billion in assets under management (AUM), as at April 30. Magellan will remain the responsible entity for the funds and retain responsibility ...

JANA hires general manager, wealth

JAMIE WILLIAMSON  |  THURSDAY, 7 MAY 2026
... Leman's appointment reflects the strong growth and momentum in its wealth business, which has now grown to more than $15 billion under advice or management, about one fifth of which is in managed accounts. "Zac's appointment strengthens our leadership ...

Perpetual to overhaul J O Hambro

KARREN VERGARA  |  WEDNESDAY, 6 MAY 2026
... mission to revive the lacklustre performance of boutique J O Hambro Capital Management (JOHCM) and boost its assets to $60 billion by 2030. The multi-boutique singled out JOHCM at a recent industry conference, saying restoring its "heritage strength ...

DigiCo offloads US asset for $1bn

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2026
DigiCo - HMC Capital's infrastructure REIT - has offloaded a Chicago-based asset for just over $1 billion (US$750m) at a 5% premium, increasing its liquidity to around $900 million. This comes after DigiCo was forced to withdraw its application for ...

Income support system cannot handle claims surge: CALI

VINNY VUCAGO  |  WEDNESDAY, 6 MAY 2026
... SuperFriend demonstrates around 8.5 million Australians accessed some form of income support in the past year, totalling $78.9 billion in payments. Over the past decade, the number of people relying on support has grown significantly, with two million ...

Alter Domus to acquire MSC Group

KARREN VERGARA  |  WEDNESDAY, 6 MAY 2026
... capital markets services to its administration offering in Australia and select APAC areas. The agreement covers about $32 billion in assets. The value of the deal was not disclosed. Alter Domus opened its Sydney office in 2015, providing alternatives ...

Magellan awards $5.3bn global equities mandate

ELIZA BAVIN  |  TUESDAY, 5 MAY 2026
... and Vinva Investment Management will be appointed as investment manager for the funds. The funds have approximately $5.3 billion in assets under management, as at April 30. Magellan will remain the responsibility entity for the funds and retain responsibility ...