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Showing 1 - 10 of 3038 results for "Stake"

Funds SA appoints chief investment officer

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025. Hostplus deputy chief investment officer Con Michalakis, who assumed the role in March 2022 after the merger between Hostplus and Statewide ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
The government has provided clarity on the second tranche of the Delivering Better Financial Outcomes reforms, offering more detail around what's included and confirming the remit of its 'new class of adviser.' The second package of reforms is aimed ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... those events have come across, so there was minimal change for us," Lawler said. As previously announced, AMP retains a 30% stake in the new business. Entireti paid $10.2 million for AMP's advice licensees and Jigsaw, while AZ NGA acquired AMP's ...

Geopolitical tensions create investor opportunity: Franklin Templeton

ELIZA BAVIN  |  MONDAY, 2 DEC 2024
Escalating geopolitical tensions around the world has made defense a critical focus for investors, according to a new paper from Franklin Templeton. These geopolitical pressures, comparable in impact to climate change, are now immediate, direct, and ...

CI Financial taken private by Mubadala Capital

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
... primarily in Canada, the US, and Australia. In Australia, it owns most of $9.83 billion GSFM, having purchased Grant Samuels' stake in 2016. Mubadala Capital, meanwhile, is the alternative assets arm of the UAE's Mubadala Investment Company - one of ...

HPI calls Hostplus, Charter Hall takeover 'cheap'

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
... is valued at about $1.3 billion. Charter Hall and Hostplus have an aggregate interest of 26.94% in HPI securities. This stake grew by 8.38% from their initial interest of 18.56% as of September 9 when their takeover plans were announced. Charter Hall ...

ASX says CHESS Release 2 costs to hit $320m

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
ASX shareholders have been warned that the CHESS Release 2 will cost between $270 million to $320 million. The second release has an implementation target of 2029 as the ASX continues to work towards the delivery of Release 1 by 2026. The ASX also warned ...

ASIC flags regulatory guide updates for 2025

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
The Australian Securities and Investments Commission (ASIC) has announced it intends to update some key regulatory guides in 2025. ASIC said it regularly reviews and updates regulatory guides to ensure they remain simple to follow, effective, current ...

Treasury consults on new crypto tax laws

ELIZA BAVIN  |  FRIDAY, 22 NOV 2024
Treasury has opened a new consultation paper on the Crypto Asset Reporting Framework (CARF) to explore whether it should be added into Australian tax law, or if government should customise a policy response. The Organisation for Economic Co-operation ...

Pinnacle goes global with acquisitions

JAMIE WILLIAMSON  |  THURSDAY, 21 NOV 2024
... strategic stakes in VSS Holdings and Pacific Asset Management for a total of $142.8 million. Pinnacle will take a 22.5% equity stake in VSS Holdings for $92.8 million. It is a private markets investment firm, headquartered in New York, which was established ...
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