Paulina Duran
Stories by Paulina Duran
Australia’s largest pension funds slash value of unlisted assets due to COVID-19
AustralianSuper, the country’s largest pension fund, lowered the value of its unlisted investments by 7% due to the impact of the virus outbreak.
Australia’s Future Fund delivers 14.3% return, highest since 2015
In the last year, the fund trimmed its exposure to infrastructure, debt and alternative assets by 4.2%.
Two Australian pension funds QSuper, Sunsuper eye merger
A merger would create a fund managing over $126 billion in assets, surpassing the A$160 million managed by AustralianSuper.
Australian lender Westpac seeks to raise $1.7b as profit slides 15%
The country’s “Big Four” banks are having to hold more capital at a time of record low interest rates and increasing competition.
Australia’s Tyro Payments gears up to list at $1b valuation
The firm plans to file a prospectus in mid-November.
Australia’s equipment contractor Onsite Rental to cancel planned $172m IPO
Onsite Rental becomes the country’s sixth cancelled listing this month.
Australian IPO market on tenterhooks after two failed floats in weeks
Bankers are working on new listings for at least four private equity-owned companies hoping to raise a combined $1.4 billion.
Australia’s Future Fund posts lower quarterly return, warns of uncertain outlook
Future Fund said its annual return of 11.3% was also slightly lower than the 11.5% it reported the previous quarter, but still beat its self-imposed r
Latitude CEO says disappointed KKR pulled IPO due to low price
KKR, Deutsche Bank and Varde Partners reportedly pulled the expected A$1 billion ($676.2 million) offering even after finding buyers for all its share
KKR, partners lower IPO price of Australian non-bank lender Latitude
The owners will now seek to raise about $678.6 million in exchange for up to 33% of the company.
