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Showing 1 - 10 of 109 results for "Conglomerate"

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 ...

Metrics hires three senior leads

KARREN VERGARA  |  FRIDAY, 17 SEP 2021
... treasurer for finance and fund accounting. Adams was previously deputy treasurer for Australia at GFG Alliance, a conglomerate owned and run by chief executive Sanjeev Gupta and his family. Alison Chan was appointed investment director of sustainable ...

New partnership for BC Investment Group

ELIZABETH MCARTHUR  |  MONDAY, 3 MAY 2021
... and operate a new bank. BC Invest is a majority-owned subsidiary of Far East Consortium International Limited, a conglomerate listed on the Hong Kong stock exchange. Novatti said it is in regular communication with APRA on assessment of its application ...

Buffett doesn't want to report on diversity, climate

KANIKA SOOD  |  TUESDAY, 16 MAR 2021
... response, said it did not believe such an annual report was necessary, referring to decentralised management of the conglomerate's operational businesses. "The board recognises the importance of responsibly managing climate-related risks to both shareholders ...

Parametric names new research lead

KARREN VERGARA  |  MONDAY, 1 FEB 2021
Parametric has announced the appointment of its new local manager of research and strategy, a position held by Raewyn Williams for seven years. Whitlam Zhang takes on the role of manager of research and strategy for Australia and New Zealand, based ...

Australian Ethical divests Mercer parent company

ALLY SELBY  |  MONDAY, 13 JUL 2020
... plug on a $5 million shareholding in Marsh & McLennan, pointing to the provision of insurance services to a mining conglomerate as grounds for the divestment. The investment in Marsh & McLennan was held in the firm's Australian Ethical International ...
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