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Showing 71 - 80 of 2933 results for "Stake"

Pinnacle collects large performance fees, writes down OpenInvest

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
... that several factors could dampen the final half-year results. One major detractor is its $3.4 million write down of its stake in OpenInvest. This investment is now only worth $240,000. In 2021, Pinnacle made a $3 million cornerstone investment in OpenInvest. ...

Natixis IM subsidiary hires head of sustainability

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
Natixis Investment Managers affiliate Flexstone Partners appointed a managing director and head of sustainability. Samira Boussem took the post on January 8, having been promoted from her role as head of ESG at Natixis Investment Managers Solutions ...

Stake names new chief executive

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
A former BlackRock executive will take the helm at Stake as the trading platform's co-founder Matt Leibowitz steps down from the post. Jon Howie, who joined Stake in August as chief commercial officer, has been promoted to the top job. Before Stake ...

Bragg proposes super fund reforms to protect retail investors

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
... legislative adjustments to enforce a duty of care towards retail shareholders in any deal where a fund holds more than a 5% stake. "There would be new transparency obligations which would bring any dodgy deals to light, and the measures taken by large ...

Balanced portfolios to reap rewards in 2024: UBS

CHLOE WALKER  |  TUESDAY, 9 JAN 2024
According to UBS' latest Family Office Quarterly Report, investors who keep a diversified multi-asset portfolio as a core investment strategy are most likely to successfully protect and grow real wealth over the year. The report, written by UBS chief ...

NAB, Jarden to launch NZ wealth business

CHLOE WALKER  |  THURSDAY, 14 DEC 2023
... payment and retain a shareholding of 45% and 20%, respectively. Meantime, Pacific Equity Partners (PEP) will acquire a 35% stake in FirstCape and its investment will be used to finance the payments to NAB and Jarden. The new firm will boast a total of ...

Soul Patts raises stake in Perpetual

CHLOE WALKER  |  WEDNESDAY, 13 DEC 2023
... proposal "materially undervalued" its business. WHSP, currently Perpetual's largest shareholder, previously owned a 10% stake. In a possible attempt to move closer to another takeover bid, WHSP has also entered an equity collar agreement. A fixed-dollar ...

Perpetual explores split following review

CASSANDRA BALDINI  |  WEDNESDAY, 6 DEC 2023
... period when the market was inclined towards growth investing, Perpetual said it identified an opportunity to obtain a 75% stake in Barrow Hanley, a value manager. It said the strategic move tripled its AUM and introduced 21 new strategies spanning various ...

Macro environment trumps inflation for asset owners: Research

KARREN VERGARA  |  FRIDAY, 1 DEC 2023
The majority of global pension and sovereign wealth funds have shifted their focus from inflation to managing a volatile macroeconomic environment as they attempt to recoup massive losses, a new study shows. The Official Monetary and Financial Institutions ...

Link names retirement, super product lead

JAMIE WILLIAMSON  |  THURSDAY, 30 NOV 2023
Link Group has named a chief product officer to lead the development and strategic direction of its retirement and superannuation solutions. Jonathan Shaw will step into the role of chief product officer for Retirement and Superannuation Solutions (RSS) ...