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Showing 1 - 10 of 36417 results for "Year"

Future Fund cleared to manage select asset classes in-house

ANDREW MCKEAN  |  WEDNESDAY, 18 JUN 2025
... for Economic Development of Australia (CEDA) event in Sydney yesterday. Combet, who succeeded Peter Costello as chair last year, said the Future Fund now has the authority to "undertake Australian infrastructure and property sector transactions" and ...

CareSuper chief member officer to depart

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JUN 2025
CareSuper will soon bid farewell to its chief member officer, as it welcomes a new deputy chair and two board directors. Jean-Luc Ambrosi is leaving CareSuper in August after three years with the fund. He joined CareSuper from TelstraSuper, where he'd ...

Increased local, international demand drives practice valuations

MATTHEW WAI  |  WEDNESDAY, 18 JUN 2025
... older clients - 80 years and over - skyrocketing. They are now achieving 1.5x recurring revenue, which is a 36% increase year on year. Meantime, books dominated by clients aged between 65 and 79 increased to 2.2x-2.75x. Previously, they'd command ...

QIC offloads Victorian shopping centre for $440m

MATTHEW WAI  |  WEDNESDAY, 18 JUN 2025
The Lowy Family Group-backed Assembly Funds Management (AFM) has struck a deal with PGIM Real Estate to jointly acquire QIC's Woodgrove Shopping Centre in Melton, Victoria for $440 million. The single-level centre, spanning over 27 hectares of land ...

Pacific Current Group appoints new chair

JAMIE WILLIAMSON  |  TUESDAY, 17 JUN 2025
A former super fund chief executive is becoming chair of Pacific Current Group (PAC). Justin Arter has been named as the incoming chair of the ASX-listed multi-boutique manager. He will commence on July 1, succeeding Tony Robinson who has served on ...

Boutiques wield independence, specialisation over larger managers: Research

KARREN VERGARA  |  TUESDAY, 17 JUN 2025
... a boutique performance premium. That study found the outperformance of US boutiques over other asset managers during a 20-year period was as high as 127bps annually for emerging markets equity funds and 113bps annually for global equity funds. For US ...

Pacific workers face barriers to claiming super: University

ANDREW MCKEAN  |  TUESDAY, 17 JUN 2025
... Pacific and Timor-Leste on nine-month visas typically accumulate $3000-$4000 in superannuation before tax, while those on four-year visas can amass up to $16,000. However, these funds can only be claimed after workers return home, and the process is ...

Firms rebuffing AFCA determinations should be named: FAAA, professional bodies

KARREN VERGARA  |  TUESDAY, 17 JUN 2025
... the firm level and relevant sector, the total number of unpaid determinations and gross amount payable for both the current year and on a cumulative basis across all years. This information should then be updated on a monthly or quarterly basis. In other ...

Middle Australia on track for 'comfortable retirement': ASFA

ANDREW MCKEAN  |  TUESDAY, 17 JUN 2025
Thanks to a subtle shift in superannuation policy, a 30-year-old Australian earning the median wage is, for the first time, on the path to achieve a comfortable retirement, according to the Association of Superannuation Funds of Australia (ASFA). ASFA ...

Ascalon hires from SCM, Zenith and GQG

ELIZABETH FRY  |  MONDAY, 16 JUN 2025
Ascalon Capital has strengthened its leadership team with the appointment of a chief executive and two new partners, including a founder of Zenith Investment Partners. Aubrey Roga joins as chief executive of the investment consulting and asset management ...
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