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06 May 2024 • By Jessica Penny • 1 min read

AltX launches ‘investor-centric’ credit fund

The alternative asset manager has launched an investment vehicle that reflects the “evolution” of its managed fund program. AltX has announced the ...

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Dexus raises $300m for dedicated RE opportunity fund

The real asset manager has raised over $300 million in its first close for the second dedicated real estate opportunity fund. Dexus has raised more ...

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Westpac profits slide 16% in 1H24

The bank has also announced a special dividend and a $1 billion increase in its share buyback program. Westpac has reported a reduction in its net ...

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Magellan’s recovery hits a roadblock in April

The fund manager’s recovery was halted in April after a promising streak lasting several months. Troubled fund manager Magellan Financial Group has ...

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Australian economic recovery to begin in 2025: OECD

Amid concerns of where the Australian economy could land this year, the OECD has cautioned of a slow year ahead, dampened by higher interest rates and ...

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ART adds thermal coal to its list of exclusions, affirms net zero pledge

Australia’s second-largest super fund has added thermal coal companies to its list of investment exclusions. Australian Retirement Trust (ART) is ...

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Macquarie reports 32% profit drop amid market volatility

The bank’s net profit plummeted by 32 per cent, primarily due to challenges in its commodities trading division. Macquarie Group announced on ...

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Asset owners acknowledge ‘return penalty’ of poor investment governance

A survey of over 20 Australian institutional asset owners has found the majority believe poor investment governance could cost their portfolios 1 per ...

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Australian institutional investors turn to private markets for risk management

Australian institutional investors are reducing investment risks as a direct result of the current environment by increasing their allocations to ...

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Powell delivers ‘fairly dovish surprise’ amid Fed rate hold

The Fed has tempered concerns of a rate hike despite stickier-than-expected inflation in the US, with markets now guessing when this “high for longer” ...

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