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Showing 1 - 10 of 114 results for "Conglomerate"

Sovereign funds, instos raise $217m for Qld space tech developer

MATTHEW WAI  |  WEDNESDAY, 21 JAN 2026
... Reconstruction Fund Corporation (NRFC), Australia's sovereign investor in manufacturing capability, have formed a conglomerate to raise more than $217 million for Gilmour Space Technologies, a homegrown company developing orbital launch vehicles. ...

Warren Buffett to retire, recommends successor

KARREN VERGARA  |  MONDAY, 5 MAY 2025
... became vice-chair in 1978. Over the course of six decades, Buffett and Munger turned the company into a multinational conglomerate worth billions of dollars, with numerous business units.

Macquarie AM splurges on data centre

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
Macquarie Asset Management (MAM) will splurge US$530 million on a Korean data centre company. MAM via its Macquarie Korea Infrastructure Fund (MKIF) agreed to acquire the Hanam Data Centre, a data centre with a total capacity of 40 megawatts and a target ...

GBST, Wipro join forces on holistic administration service

ANDREW MCKEAN  |  WEDNESDAY, 19 JUN 2024
GBST has partnered with Indian technology conglomerate Wipro to deliver end-to-end administration services for superannuation funds and wealth management firms looking to move away from antiquated IT infrastructure. The collaboration combines GBST's ...

Betashares captures most net flows in managed funds industry

ANDREW MCKEAN  |  TUESDAY, 18 JUN 2024
... managed funds industry. The local fund manager, which yesterday received a $300 million injection from Singaporean conglomerate Temasek, amassed $5.3 billion in net flows over the 12 months to 31 March 2024. According to Rainmaker Information, its net ...

Warren Buffet honours Charlie Munger in Berkshire shareholder letter

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... corporation and, more importantly, operate with materially less risk of permanent capital loss, he added. Meanwhile, on the conglomerate's "not-so-secret weapon" Buffet said Berkshire's ability to immediately respond to market seizures with both huge ...

Perpetual rebuffs Soul Pattinson takeover offer

ANDREW MCKEAN  |  THURSDAY, 7 DEC 2023
... up the funds management business, a move it staunchly believes is in the best interests of all shareholders. The conglomerate investment house argued that the complexity of the Perpetual Group, along with current market conditions and the fund manager's ...

Vale Charlie Munger

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... became vice-chair in 1978. Over the course of six decades, Buffett and Munger turned the company into a multinational conglomerate worth billions of dollars, with numerous business units. While Buffett was widely known as the "Oracle of Omaha," Munger ...

Value companies to outperform in 2023: VanEck

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
VanEck portfolio manager Cameron McCormack forecasts a bright outlook for value companies in 2023, particularly among Australian equities. "We think value companies are likely to outperform in 2023," McCormack said. "We're entering a period that echoes ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... different approached by trustees to establishing functional independence for the trustee office from the broader conglomerate group within which they operate. "The most value is gained when the office can effectively challenge and influence the trustee's ...
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