The number of Australian individuals with more than US$10 million ($15.7 billion) in assets has passed 42,000, rising by 3.9 per cent over the past year. Currently, there are 42,789 individuals with ...

Ares Management is the latest fund manager to enact M&A in the alternatives space, completing the acquisition of the international business of logistics and real estate asset manager GLP Capital. With ...

Both Bain Capital and CC Capital have made revised bids for Insignia Financial after completing a period of due diligence. The two parties both increased their bids from $4.60 per share to $5.00 per ...

Magellan Financial Group reported outflows of $0.5 billion in February, according to its latest funds under management (FUM) update. In an ASX update, the firm said it saw institutional outflows of $0 ...

The advice industry has reached triple-digit gains for the calendar year to date, with two licensees seeing gains of five during the week. Wealth Data has reported a net rise of four advisers for the ...

Active management in fixed income remains a compelling strategy, leveraging market inefficiencies to generate excess returns and manage risk, often more effectively than passive alternatives. Some ...

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year. Since the acquisition of AMP’s financial advice business, its entities AMP Financial Planning, ...

The rebranding of AMP advice division brings to an end a 176-year history for the firm in the advice space. AMP was founded in 1849 as the Australian Mutual Provident Society (AMP), offering life ...

MA Financial Group’s new listed investment trust (LIT) has hit the ASX, while Wilson Asset Management confirms the upcoming launch of its ninth listed investment company (LIC). Global alternative ...

Global investment manager Barings has announced a $345 million debt investment into Oaktree Capital-backed AZ NGA. The company confirmed it has acted as joint lead arranger of a $345 million senior ...

Perpetual has shared it is keen to expand its active ETFs, especially in the US, as it resets its asset management distribution strategy. The firm has announced a four-part strategy to improve its ...

Bell Asset Management has welcomed a global investment professional as its director of research and portfolio manager, while the broader team sees a reshuffle. Following an extensive global search ...