Australia's superannuation industry is still embroiled in a costs debate as funds decide whether a private equity strategy makes economic sense. Those sticking with the asset class are looking to go offshore
When MLC Private Equity examined its travel budget last year, it found that senior team members were spending three-and-a-half out of every 12 months on the road. The group, which is part of National Australia...
The Hong Kong and Southeast Asia business of Fitness First, which is controlled by Oaktree Capital Management, has agreed to merge with Celebrity Fitness, a Southeast Asia gym operator owned by Navis Capital Partners.
Australian regulators want greater consistency in how superannuation funds report costs and fees to members. While sound in principle, the draft measure is problematic in practice, especially for private equity
CreditEase Insurance Agency, an insurance unit of China’s CreditEase Wealth Management, has raised RMB80 million ($12 million) from investors including IDG Capital through a private placement on the National Equities Exchange and Quotations (NEEQ).
AirTree Ventures has led a A$25 million ($19.2 million) investment in Australian financial technology company Prospa.