News

21 August 2024 • By Jessica Penny • 1 min read

State Street to expand digital asset services amid growing insto interest

A new partnership agreement will add tokenisation and digital custody services to State Street’s existing fund administration and accounting ...

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Coalition moves to block Cbus’ role in HAFF over ties to CFMEU

Senator Bragg has introduced a bill to prohibit Cbus from any involvement in the Housing Australia Future Fund. Liberal senator and shadow ...

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Charter Hall reports statutory loss amid persistent market challenges

Charter Hall Group has reported a hefty statutory loss alongside an 18.7 per cent dip in its post-tax operating earnings in financial year 2024. In ...

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Why super funds continue to brave volatile share markets

A significant sell-off in August raised concerns about its impact on retirement savings; however, an economist has reminded that investing in both ...

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Bitcoin’s future bright despite recent market slump

While bitcoin sustained a hit during the global market dip this month, an expert predicts the asset class is poised for a rebound. Earlier this ...

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Magellan unpacks the ‘huge opportunity’ with Vinva deal

Magellan executive chair Andrew Formica has shared further details on the strategic acquisition of a minority stake in Vinva. The fund manager ...

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Channel Capital taps Goldman’s Euro private credit strategy in new fund

An Australian multi-partner asset management firm has launched a European private credit fund for Australian wholesale investors. Channel Capital’s ...

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HUB24 clears $100bn FUA amid record inflows

The firm has announced double-digit growth in both underlying and statutory profit, while its funds under administration grew 30 per cent on the back ...

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Iron ore rout dampens prospects for budget surplus

A slowing Chinese economy dragging the price of Australia’s largest export has raised apprehensions, with recent Treasury analysis flagging a ...

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Price distortion prompts renewed focus on value stocks, experts highlight

Investors are increasingly paying a premium for momentum and growth stocks compared with value and quality stocks, raising alarm among market experts

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