Pioneer sued PwC in 2023, alleging the audit giant failed in its duty of care by providing wrong advice on the accounting treatment of the portfolios of consumer debt it buys from banks and other lenders.
Sean Smith
Viburnum has sold a specialised industrials company to Cleanaway Waste Management as the rubbish handling major angles into the potentially lucrative business of retiring old oil and gas assets.
Simone Grogan
Wealthy WA philanthropist Nicola Forrest has begun making moves at her new family office by poaching a banker as the firm’s first chief executive.
Bain Capital and CC Capital each increased their takeover offers for Insignia Financial as the bidding battle for the Australian financial services firm ramped up.
Daniel Newell
Australia’s top corporate regulator fears his agency is being kept in the dark by players in rapidly growing private credit markets.
Neale Prior and Jackson Hewett
Perpetual pulls plug on $2.1 billion asset sale and warns KKR may demand break fee.
Neale Prior
The cost of simplifying AMP’s wealth management and banking businesses has slashed profits — and a payout to shareholders.
Sean Smith and Daniel Newell
Future Fund guardians say they have focused on preparing for growing global risks while enjoying 12.2 per cent return in a bright 2024.
Brookfield has thrown its hat in the ring to create a three-way race for wealth manager Insignia Financial.
Australia’s Macquarie is getting in on US data centre hype with a $US5 billion ($8b) investment in NASDAQ-listed Applied Digital, calling out the sector as a “highly attractive opportunity”.
Bain Capital sweetened its bid for Insignia Financial as takeover activity heats up for the Australian wealth manager.
Harry Brumpton
The potential cost for insurers of the devastation caused by the Los Angeles wildfires is now expected to surpass $US20 billion, according to JPMorgan, doubling their estimate from just a day before.
Alexandre Rajbhandari
Packer & Co’s Investigator Trust has more that $100m invested in Russia, but it can’t access the shares because of sanctions imposed after the invasion of Ukraine.
US authorities say a compensation payout of $US 4.3 billion dollars means victims of Bernie Madoff have recouped an average of 93 per cent of their losses.
Jonathan Stempel
The shine has well and truly come off Platinum Asset Management after Philip King’s Regal Partners on Monday called off its three-month pursuit of the company.
WA’s biggest general insurer has brought in a Sydney-based investment banking firm to size up the business on the back of a booming financial year.
A wealth manager owned by Liechtenstein royalty is on the hunt for more advisers to service the high-net-worth families of WA, who are looking for more than just a punt on mining stocks.
Star Australian share fund manager Jun Bei Liu is striking out on her own with the backing of her long-time employer Tribeca.
Fund manager Willy Packer and Zentree Investments land a blow against Rio Tinto after takeovers umpire backtracks on decision to stay out of $880 million rights issue dispute.
Viburnum Private III will be the third fund launched by the firm since 2007 and deployed with a mandate to shore up stakes in growing mining industrials businesses.
Famille Capital is led by former Tattarang boss Andrew Hagger and has already signed up four family offices as it looks to build a national presence advising Australia’s richest families.
A top WA fund manager has reignited calls for Diggers & Dealers to move to Perth and turn the annual mining bonanza into a more family friendly event and welcoming environment for women.
The Cottesloe-based fund manager unleashed on the Energy Resources of Australia board and accused Traditional Owners of breaching agreements linked to the now-scrapped Jabiluka uranium lease.
Top WA fund manager Willy Packer has lamented the Northern Territory Government’s move to block the course for a new uranium mine, and labelled WA’s ban on the commodity “patently insane”.
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