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Showing 911 - 920 of 3461 results for "Stake"

Good isn't good enough for the super system: Byres

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
At the FINSIA 'The Regulators' event, APRA chair Wayne Byres has detailed the regulator's foremost superannuation priorities. Australia's superannuation system is the envy of the world, but Byres said it could be better. Having initially praised the ...

ISPT selects new chief executive

JAMIE WILLIAMSON  |  MONDAY, 16 MAY 2022
Industry Super Property Trust has named Chris Chapple of 151 Property Group as its new chief executive. Following a global search, Chapple will replace Daryl Browning who announced his intention to retire earlier this year. While his start date is yet ...

State Street bags K2 Asset Management mandate

ANDREW MCKEAN  |  FRIDAY, 13 MAY 2022
K2 Asset Management has announced that State Street Australia will be the fund administrator and custodian for the Cosmos Purpose Bitcoin Access ETF (CBTC). State Street will administer and provide custodial services in Australia to this fund that provides ...

US firm backs Koda Capital

JAMIE WILLIAMSON  |  THURSDAY, 12 MAY 2022
The private wealth manager has sold a minority stake to Emigrant Partners as part of a broader strategy that will see Koda Capital make its own acquisitions. Emigrant Partners is now a minority strategic investor in the HNW firm, adding Koda Capital ...

IFM takes majority stake in Render Networks

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
IFM Investors' private equity growth fund has spent $40 million to acquire a majority stake in construction management platform Render Networks. The growth funds investment in Render Networks keeps with its strategy to accelerate the growth of mid-market ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
... act in the best interests of members and the motivation to draw a profit for the benefit of shareholders with a financial stake, as the latter does not exist." "This ensures that any collection and use of revenue is done with the guiding principle that ...

ASX CHESS replacement delayed again

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
After advising there was a chance there would be further delays back in March, the ASX has today confirmed the CHESS replacement will not be ready by April 2023. In an update, the ASX said the April 2023 go-live is no longer viable. "This decision reflects ...

ETF Securities to win Australian crypto ETF race

ANDREW MCKEAN  |  TUESDAY, 10 MAY 2022
ETF Securities is claiming to have won the race to launch Australia's first bitcoin and ether ETFs. Cosmos Asset Management, 3iQ and other companies have jockeyed with ETF Securities to list first, but the latter has said it's ended the multi-year contest ...

Magellan offloads GYG stake

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
Magellan Financial Group has sold its 11.6% stake in Guzman y Gomez to a Barrenjoey Capital Partners entity for $140 million so it can focus on funds management. According to an ASX statement, Barrenjoey intends to seed an investment trust comprising ...

Pension fund sues Elon Musk, Twitter

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... said. Morgan Stanley and Dorsey are also major shareholders in Twitter at 8.8% and 2.4% a piece. Combined with Musk's 9.2% stake, this meant he effectively held more than 15% of the company when mounting his bid, requiring the merger be delayed by three ...