Daniel Kemp
The fund manager says it ‘continues to pursue quality infrastructure investment opportunities’ as AUM falls due to equity market declines.
Estimates suggest that anywhere between A$27bn and A$50bn could be withdrawn from superannuation funds, but there should be adequate liquidity in the system to cope.
The Australian Energy Market Commission rejected calls from investors to move to average loss factors in a ruling many believe will undermine the energy transition.
All foreign transactions will be subject to FIRB review, a process that will now take six months instead of 30 days.
The Canadian pension and the Australian core fund acquired a stake held by MIRA-managed The Infrastructure Fund to take full joint control of the asset.
The two profit-for-member funds have delayed their merger date by six months due to concerns about market volatility and to help ease staff working arrangements.
Two of Australia’s largest funds, AustralianSuper and UniSuper, have booked significant devaluations of their unlisted asset portfolios in response to the coronavirus crisis.
Airports in Australia have been hit hard by coronavirus, just as in almost every other country. How bad is the situation and what will Australian asset managers do to mitigate the impact?
Plenary Americas’ senior management will retain a minority equity stake in the business, while CDPQ will take a near-90% interest in the PPP portfolio.
Travel restrictions and market volatility mean that neither a private sale or public listing are currently viable, but Brookfield intends to re-start the sale process at an undetermined date.