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 ...