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Showing 931 - 940 of 3163 results for "Owner"

Local fund manager expands in Asia

KANIKA SOOD  |  THURSDAY, 11 MAR 2021
... share issue for each tranche. Two further call options which are at Auctus's discretion would make it 51% and then 100% owner of Odyssey, as a combination of cash and AVC shares. "We have high conviction in the outlook for Asian investors' appetite for ...

Industry fund awards ESG mandate

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
A $6 billion industry fund has implemented State Street Corporation's ESG Risk Analytics Solution to manage the carbon emissions of its assets. State Street's solution will provide EISS Super with customised ESG performance and risk management with ...

BetaShares eyes expansion with new shareholder

KANIKA SOOD  |  MONDAY, 8 MAR 2021
BetaShares chief Alex Vynokur says the firm is open to acquisitions, listing its ETFs overseas and adding a retirement income product, as it brings on a US private equity investor. TA Associates has become a roughly 50% shareholder in BetaShares Holdings ...

MLC Life appoints retail general manager

KANIKA SOOD  |  MONDAY, 8 MAR 2021
... team," Downey said. MLC Life Insurance received a $650 million capital injection just before Christmas, as its majority owner Nippon Life saw the risk of MLC Life's "stagnant" business performance continuing beyond 2021. MLC Life's ownership ...

Yarra Capital acquires Nikko AM Australian business

ELIZA BAVIN  |  TUESDAY, 2 MAR 2021
Yarra Capital and Nikko Asset Management announced that they have entered into a binding agreement through which Yarra will acquire Nikko AM's Australian business and bring back the Tyndall name. Under the terms of the agreement, Yarra will assume ...

Standard Life Aberdeen sells 196-year-old brand

JAMIE WILLIAMSON  |  WEDNESDAY, 24 FEB 2021
Following the pair's strategic partnership in 2018, Standard Life Aberdeen will sell the Standard Life name to Phoenix Group as part of a revised deal. Standard Life Aberdeen, which has a 14% stake in Phoenix Group as part of the partnership, entered ...

First Sentier funds appoint new RE

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
First Sentier has shed its responsible entity relationship with Colonial First State, naming a new RE for 13 of its funds. Perpetual's Trust Company will act as the responsible entity for the 13 funds. The change comes after shareholder vote and retires ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
Bank of Queensland has acquired industry super-owned ME Bank for $1.325 billion. The move sees BOQ acquire 100% of ME Bank for $1.325 billion cash, funded by an underwritten capital raising of $1.35 billion. The price represents 1.15 times ME's ...

Super fund buys stake in retirement village

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
A $135 billion industry superannuation fund is to acquire a stake in Lendlease's retirement villages business. Aware Super will gain a 25% stake in Retirement Living, which comprises 75 retirement villages that are home to more than 16,000 residents ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
Industry Super Australia says recent comments by Liberal MP Tim Wilson that "big super" is locking young Aussies out of the housing market are "scary". Wilson said the fact that first home buyers are unable to access their retirement savings to go towards ...