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11 September 2025 by Adrian Suljanovic

No bear market in sight for Aussie shares but banks face rotation risk

Australian equities are defying expectations, with resilient earnings, policy support and a shift away from bank dominance fuelling confidence that ...
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US funds drive steep outflows at GQG Partners

Outflows of US$1.4 billion from its US equity funds have contributed to GQG Partners reporting its highest monthly ...

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Super funds’ hedge moves point to early upside risk for AUD

Australian superannuation funds have slightly lifted their hedge ratios on international equities, reversing a ...

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Australia’s super giant goes big on impact: $2bn and counting

Australia’s second largest super fund is prioritising impact investing with a $2 billion commitment, targeting assets ...

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Over half of Australian funds have closed in 15 years, A-REITs hit hardest

Over half of Australian investment funds available 15 years ago have either merged or closed, with Australian equity ...

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Are big banks entering a new cost-control cycle?

Australia’s biggest banks have axed thousands of jobs despite reporting record profits over the year, fuelling concerns ...

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Babcock offloads insurance broker stake

  •  
By Christine St Anne
  •  
2 minute read

Embattled asset manager Babcock and Brown has sold 20 per cent of its stake in InterRisk Australia to private equity firm Souls Private Equity.

Under the transaction, Souls Private Equity will increase its stake in the insurance broker and risk management firm to 40 per cent.

"InterRisk has proven its ability to compete against the global broking giants. We are looking forward to being part of their exciting future," Souls Private Equity general manager Andrew Fairfull said.

The insurance broker plans to implement an acquisition strategy.

"[Souls Private Equity's] boosted commitment to our organisation represents a new chapter for InterRisk," InterRisk chair David Wills said.