Magellan unveils ‘enormous opportunity’ with Vinva deal
[ad_1] The fund manager announced last week that it had acquired a minority stake of 29 percent in parent company Vinva Investment Management. Vinva operates active systematic equity strategies in Australian and global capital markets and manages $22 billion in…
Aussie neobank gets huge cash injection
[ad_1] 86,400 raised $34 million in March, bringing total capital to $90 million. Morgan Stanley led the increase, which included investments from “pension funds, fund managers, high net worth individuals and family offices.” “We’re bringing products to market faster than…
Bright future for Bitcoin despite recent market decline
[ad_1] Earlier this month, equity markets faced macro and systemic trades amid fears of a US recession, along with a surprise decision by the Bank of Japan to raise interest rates, spurring unwinding of yen carry trades. The S&P/ASX 200…
Aussie fintech closes massive funding round
[ad_1] Payments fintech Airwallex has raised a US$160 million Series D round from ANZi Ventures and Salesforce Ventures, alongside existing investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures. “The global shift to digital technology is inevitable,”…
Why super funds continue to brave volatile share markets
[ad_1] While pension funds’ high exposure to equity markets caused concern in early August amid significant market volatility, AMP’s chief economist, Shane Oliver, explained that growth assets such as shares provide superior long-term returns despite their susceptibility to volatility. In…
Charter Hall reported a statutory loss amid ongoing market challenges
[ad_1] In an ASX announcement on Wednesday, the fund manager reported a statutory loss after tax of $222.1 million after posting a profit of $196.1 million a year earlier. Its operating profit after tax was $358.7 million, down from $441.2…
The investment platform records more than double trading volume amid the crisis
[ad_1] Xplore saw an 8.7 percent decline in funds under administration (FUA) in the period from December 31 to the end of March, which it attributed to the market downturn. Over the same period, the benchmark ASX All Ordinaries fell…
APA to build gas pipeline to Tamboran
[ad_1] Tamboran Resources (ASX:TBN) and Dairy Waters Energy have entered into a binding agreement with APA Group. (ASX:APA)Australia’s largest gas pipeline operator, develops the Sturt Plateau Pipeline (SPP). The pipeline will support the proposed natural gas Shenandoah South Pilot Project,…
Clarity’s new “pan-cancer” radiopharmaceutical
[ad_1] Clarity Pharmaceuticals (ASX:CU6) has expanded its cancer treatment pipeline with the development of a novel radiopharmaceutical called ‘SAR-bisFAP’. The new product is designed for both diagnostic and therapeutic purposes and could present a “pan-cancer opportunity.” What’s in the name?…
The Coalition is trying to block Cbus’ role in HAFF because of links with the CFMEU
[ad_1] Liberal senator and shadow assistant minister for home ownership Andrew Bragg introduced a bill in the Senate on Wednesday to amend the Housing Australia’s Future Fund (HAFF) Act.. According to the explanatory memorandum, the bill introduces an additional restriction…