News
Sovereign wealth funds ramping up VC focus
AsianInvestor More state funds are exploring early-stage technology investments, notably in Asia, as a less crowded space than traditional private equity, say industry experts. Sovereign wealth funds are showing growing appetite for venture capital (VC) investments in technology and are putting in place more resources to that end, according to industry experts. This reflects a growing […]
Macquarie remains Australia’s top fund manager
InvestorDaily Macquarie Group remained the largest Australian fund manager throughout 2016 with $472 billion under management, making it the 52nd-largest manager in the world, according to a new Willis Towers Watson report. The Willis Towers Watson Global 500 report compiled a list of the 500 largest fund managers in the world as of 31 December 2016, and Macquarie […]
Macquarie announces $1.25bn half-year profit
InvestorDaily Macquarie has posted a $1.25 billion net profit for the six months to 30 September 2017, up 19 per cent on the prior corresponding half-year. The Macquarie result is up 7 per cent on the half-year ended 31 March 2017, and up 19 per cent on the half-year ended 30 September 2016. The investment bank […]
‘Neobanks’ to crowdfund through Equitise
InvestorDaily Crowdfunding legislation passed last month has allowed for fully digitised “neobanks” such as Xinja to raise capital through online crowdfunding platform Equitise. Online bank start-up Xinja has announced plans to access crowdfunding through the Equitise platform in a move that Xinja chief executive Eric Wilson has said will allow Australians to “build their own” bank. “Xinja […]
ASIC updates funds management rules
InvestorDaily ASIC has updated its regulatory guidance for fund managers ahead of the new Asia Region Funds Passport initiative and the corporate collective investment vehicle (CCIV) regulation. The corporate regulator has updated its regulatory guidance for fund managers to support the upcoming CCIV regime, which will exist as an alternative to the existing managed investments […]
Singapore Now Has the World’s Most Powerful Passport
AFR The tiny nation of Singapore now has the most powerful passport in the world. According to the Passport Index, which tabulates the number of countries that holders of passports can enter either visa-free or by gaining a visa on arrival, holders of the Asian city-state’s travel documents can cross borders most smoothly. The No. […]