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Investment

Selfwealth to proceed with Svava proposal

MATTHEW WAI  |  WEDNESDAY, 26 FEB 2025
After much back and forth between bidders, Selfwealth has forged ahead with a deal with the highest bidder.

Northern Trust lands another mandate

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
Northern Trust has been awarded a global custody and valuation reporting services mandate.

Macquarie shutters 30-year-old fund

MATTHEW WAI  |  TUESDAY, 25 FEB 2025
Macquarie Group has terminated the Macquarie Master Capital Stable Fund, claiming the fund does not have "sufficient scale" to remain viable.

AI's big moment? Not this year, says Fidelity

ANDREW MCKEAN  |  TUESDAY, 25 FEB 2025
Artificial intelligence (AI) isn't expected to see its big breakthrough this year. Nevertheless, expectations for returns on capital are at their highest since the pandemic, according to Fidelity International's 2025 analyst survey.

Solutions to avoid concentration risk: Scientific Beta

MATTHEW WAI  |  TUESDAY, 25 FEB 2025
The increasing dominance of giant technology stocks poses "significant challenges" for superannuation funds and other institutional investors, as index solutions provider Scientific Beta touts two possible approaches to better manage concentration risk.

AI is not a bubble: ECP Asset Management

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
Even after the tech sector's stellar run, the AI boom is nowhere near its peak, according to ECP Asset Management.

MLC wary of but not opposed to bitcoin

ELIZA BAVIN  |  MONDAY, 24 FEB 2025
MLC chief investment officer Dan Farmer said MLC remains in the 'not now', rather than 'not ever' camp when it comes to investing in bitcoin.

Perpetual calls off KKR deal

KARREN VERGARA  |  MONDAY, 24 FEB 2025
Perpetual has ended KKR's courtship of its wealth management and corporate trust operations, blaming the massive tax bill the transaction would incur, saying there was no way of getting around it.

Svava makes binding offer for Selfwealth, BFG given deadline to counter

MATTHEW WAI  |  MONDAY, 24 FEB 2025
The bidding war over Selfwealth continues as Svava has officially put in a binding offer to acquire 100% of the company at 28 cents per share.

SelfWealth juggles takeover bids

MATTHEW WAI  |  FRIDAY, 21 FEB 2025
SelfWealth, the online trading platform, has provided an update as to the bidding war between Bell Financial Group (BFG) and Svava.