MA Financial Closes 2 Major Deals Amid Revenue Growth
[ad_1] The global asset manager announced on Thursday the launch of a more than $1 billion Australian real estate credit facility for institutional investors with global private equity giant Warburg Pincus, just hours after announcing a $1 billion strategic partnership…
ASIC details crackdown on private market in latest corporate plan
[ad_1] On Thursday, the Australian Securities and Investments Commission (ASIC) announced it would enhance its oversight of public and private markets and emerging financial products, adding these areas as a new pillar of its expanded strategic priorities. In its latest…
Alternatives provide a “springboard for growth” for Centuria
[ad_1] Centuria Capital Group reported full-year statutory net profit after tax (NPAT) of $102.2 million, down slightly from $105.9 million in FY2022-23. In a filing to the ASX on Thursday, it said operating NPAT was $94.7 million, down from $115.6…
Cautious optimism rises for infrastructure as rate cuts loom
[ad_1] With interest rate cuts expected in several major economies, professionals say the outlook is relatively good for investment in infrastructure funds. Speaking to InvestorDaily, Stephen Kempler, co-founder and portfolio manager for Global Listed Infrastructure at Maple-Brown Abbott, said monetary…
APRA hit ANZ with a $250 million capital charge amid misconduct in its markets division
[ad_1] On Friday, the regulator said problems in ANZ’s markets business had raised concerns following the bank’s admission of misreporting bond trading data to the government’s debt agency in 2022-23. and the subsequent internal investigation that led to the suspension…
The launch of Pinnacle’s UK affiliate hits a roadblock as Ironbark withdraws its mandate
[ad_1] Earlier this year, it was announced that the former head of equities at UK-based Royal London Asset Management (RLAM), Peter Rutter, would be leaving with his team to set up his own boutique global equity fund manager. It will…
The wealth giant reported an impairment of $547 million. due to outflows
[ad_1] In an ASX announcement on Monday, the wealth giant revealed it expects to record a non-cash impairment charge of approximately $547 million before tax in its financial results for the full year ended June 30, driven by net outflows…
Experts support industry standards, predict a positive assessment of the regulator despite criticism
[ad_1] In its latest corporate plan, the Australian Securities and Investments Commission (ASIC) announced it would prioritize a review of the growth of Australia’s “opaque” private markets, with chairman Joe Longo highlighting the increased risk to market integrity as exposure…
Sequoia reports growth despite ‘disruptive’ year
[ad_1] The firm sold 80 percent of Morrison Securities in September 2023. for $40.5 million, having first acquired it in September 2017. In its full-year results for the financial year 2023-2024. the firm said the sale contributed $27.1 million to…
Markets are skeptical as the RBA reintroduces forward guidance
[ad_1] Earlier this month, the Reserve Bank (RBA) reverted to its old practice of providing guidance, with the governor pushing against market prices to cut interest rates until the end of 2024. Michelle Bullock said it was “premature to think…