Six years after Next Capital snapped up SilverChef’s hospitality finance business, the mid-market buyout firm is asking investors for more time to allow the non bank lender’s North American expansion plans to…
Category: Financial Services
RBNZ to review capital requirements amid political pressure
New Zealand’s central bank will review its bank capital requirements amid pressure from the government and following the unexpected resignation of its governor. The Reserve Bank of New Zealand will conduct an…
Anacacia’s Force Fire sale to underpin final close for Core Fund IV
Anacacia Capital has agreed terms to sell its majority stake in Force Fire to ASX-listed Southern Cross Electrical Engineering for $53.5 million, a price the buyout firm says represents a 20 per…
The RBA and ASIC says they are ‘increasing concerned’ about the ASX
The Reserve Bank of Australia says the ASX is not complying with important standards that are meant to prevent market failures in an escalation of regulatory concern about the governance of the…
Goldman, Forsyth Barr launch Tower Limited block trade
Goldman, Forsyth Barr launch Tower Limited block trade
Big funds read riot act on slow death insurance, savings payouts
The corporate regulator says the country’s biggest superannuation funds are failing grieving families by making it extraordinarily difficult to access the savings and insurance benefits of customers who have died, after a…
Insignia Financial loses $6 billion in superannuation assets to rival funds like AustralianSuper, HUB24
Insignia Financial, the ASX-listed wealth group that owns the 138-year-old MLC brand, lost the most retirement savings to rival superannuation providers as customers moved to industry funds and into self-management. Some $74…
ASIC death benefits review reveals shameful way funds treat your money when you die
When all we really judge super funds on are their returns, we get an industry hell-bent on trying to make 10 per cent a year for members then marketing the hell out…
Michael Hintze, the hedge fund veteran, on the rise of machines, and returns
London | Among the many challenges to making money out of markets right now, one stands out for Michael Hintze. It’s not the Trump administration’s tariff acrobatics. Nor is it some geopolitical…
Di Pilla’s HMC Capital is elbows-first with Healthscope proposal
David Di Pilla’s HMC Capital has lobbed a takeover proposal for the country’s second-largest hospital group Healthscope, after several weeks of legwork that included wedging itself into the target’s $1.6 billion debt…