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Showing 911 - 920 of 7577 results for "Deal"

PGIM buys majority stake in Deerpath Capital

CHLOE WALKER  |  THURSDAY, 11 MAY 2023
... range of industries and transaction types. It currently holds $7.3 billion of assets under management (AUM). As part of the deal, Deerpath, which opened its Sydney office just last year, will retain its investment and operational independence as part ...

UBS outlines new operating model, leadership

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
Ahead of formally integrating Credit Suisse, UBS unveiled its intended operating model and leadership team. With the deal expected to close in a matter of weeks, UBS explained it intends to keep the companies and brands separate. It explained each institution ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... strongly but only by 7% each, which pretty much matches the inflation rate. Against this, while the government is making a big deal about its policy decision to increase the Petroleum Resources Rent Tax, it's still only collecting $2.4 billion in ...

Boutique appoints head of distribution

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
A boutique portfolio management firm has welcomed a new head of distribution, hiring from Trilogy Funds. Innova Asset Management appointed Laurence Gamboa to the role, as it looks to grow its profile among non-aligned financial advisers and dealer groups. ...

Courtenay House affiliate faces prison

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
Former Courtenay House Investments contractor and promoter Athan Papoulias has been sentenced to two years' jail time for his role in the unlicensed financial services business. As part of his sentence, Papoulias will also complete 120 hours of community ...

Industry funds gain ground in retirement asset battle: KPMG

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
Industry funds are gaining ground in the battle for retirement assets, with their market share increasing 2% between 2021 and 2022, challenging the retail sector's long-standing dominance in pension accounts. According to a KPMG report, although ...

Liontrust, GAM to create $100bn fund manager

KARREN VERGARA  |  FRIDAY, 5 MAY 2023
... strategies, services and the stability that the financial strength of a combined firm will bring," Jacob said. As part of the deal, GAM agreed to all third-party fund management services clients serviced out of Luxembourg and Switzerland to a specialist ...

Kilter Rural launches $500m agriculture fund

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
... it was very difficult to find value," he said. Gunn said there were three key components which sold Kilter Rural on this deal. "Firstly, we wanted to start with something that's of reasonable scale and it ticks that box," he said. "Secondly, we always ...

Superhero to launch adviser platform

CASSANDRA BALDINI  |  WEDNESDAY, 3 MAY 2023
The platform, set to hit the market in the first half of next year, will focus on providing accessible investment and superannuation portfolio solutions to better serve financial advisers and their clients. Superhero chief executive and co-founder John ...

HUB24 to buy myprosperity

CASSANDRA BALDINI  |  WEDNESDAY, 3 MAY 2023
... market share and create new growth opportunities," it said. HUB24 managing director Andrew Alcock said he is excited by the deal and welcomed myprosperity founder and executive director Peter McCarthy and his team to the firm. "This acquisition will ...