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Showing 1 - 10 of 64 results for "Heads of Agreement"

Equip Super, TelstraSuper terminate merger plans

JAMIE WILLIAMSON  |  WEDNESDAY, 21 MAY 2025
... with the latter saying it was unlikely to achieve its objectives. TelstraSuper has decided to terminate the Heads of Agreement the two funds signed late last year, concluding it was not going to be in the best interests of TelstraSuper members. They ...

Clime awarded $183m mandate from US firm

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
... Wholesale investment offers are expected to grow revenues by $350,000. Additionally, Clime has entered into a heads of agreement with Dallas-based US equities manager Acruence Capital to strengthen both entities' research capabilities and collaborate ...

CareSuper to merge with meat industry fund

ANDREW MCKEAN  |  MONDAY, 17 MAR 2025
... Standard previously reported CareSuper and MIESF were exploring the viability of a merger, having entered a Heads of Agreement and commenced due diligence in November last year, just weeks after CareSuper's merger with Spirit Super was completed. CareSuper ...

TelstraSuper and Equip Super merger to go ahead

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
TelstraSuper and Equip Super have confirmed their merger, with the boards signing a binding Heads of Agreement to proceed with a successor fund transfer and appointing key leadership roles. The agreement follows the announcement in September that the ...

Australian Unity Office Fund to be wound up

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... proceeds will be provided to AOF unitholders. Australian Unity confirmed it has entered into a non-binding Heads of Agreement with an undisclosed, potential purchaser. "There can be no certainty as to the sale of 468 St Kilda Road, Melbourne, its terms ...

CareSuper, MIESF assess merger potential

JAMIE WILLIAMSON  |  TUESDAY, 19 NOV 2024
... Employees' Superannuation Fund (MIESF) are exploring the viability of a merger. The two funds have entered a Heads of Agreement and commenced a due diligence process. It comes hot on the heels of CareSuper completing the long-awaited merger with ...

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... protecting the retirement interests of members in the mining and transport sectors. This followed the signing of a heads of agreement in April 2023 and an initial non-binding Memorandum of Understanding in December 2022. Mine Super, which has been operating ...

Active Super, Vision Super finally sign transfer deed

JAMIE WILLIAMSON  |  THURSDAY, 16 MAY 2024
... the time, their combined assets were pegged at $26 billion with member accounts of 169,000. In June 2023, a Heads of Agreement was signed, and, at that time, the funds said they had 170,000 member accounts and $27 billion. It was also confirmed at that ...

Australian Retirement Trust completes Alcoa merger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... Alcoa Super had about 5100 members. ART is still working through the transfer of AvSuper, having entered a Heads of Agreement in August 2023. According to an update from AvSuper, the merger is slated to take place on May 1. ART will begin running introductory ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... under administration. 4) Industry fund merger advances (April 21) In April, Mine Super and TWUSUPER signed a Heads of Agreement to merge, about five months on from confirming discussions were underway. The funds are now working on strategic planning ...
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