Apr
29
BGL releases Simple Fund 360 integration with A.S.A.P Actuarial
This new integration provides BGL clients the ability to request an Actuarial Certificate directly from A.S.A.P using Simple Fund 360’s Actuarial Wizard.
Apr
29
PayPal agrees to invest $500m in Uber, says it will help develop taxi operator’s digital wallet
Global online payments operator, PayPal, has gotten into an agreement to invest $500 million in cab aggregator provider, Uber.
Apr
29
30% of Aussies trust robo-advice
Nearly a third of Australians trust robo-advice, new research from Thinque has shown, which it said is a reflection of diminishing faith in human advisers.
Apr
18
Copying investors via SelfWealth resulted in a 36% return over two years
Australia’s fastest growing online share trading platform, SelfWealth, continues to innovate and provide Australian investors with outperformance.
Apr
17
MYOB votes are in; shareholders hand keys to KKR
Almost four years to the day after re-listing on the ASX, and after an at-times remarkable takeover battle, the accounting software company is headed for a another stint in private equity hands. It is understood early votes and proxies received ahead of Wednesday afternoon's meeting are enough to ensure MYOB is headed into KKR's private equity portfolio. Manikay Partners, owner of a 16 per cent stake, has voted for the deal as flagged, along with former controller and now 6.1 per cent shareholder Bain Capital. Add in a handful of the other institutional shareholders and KKR goes into the meeting knowing it already has the numbers. It's understood to have […]
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Apr
17
Aussie blockchain investor goes global
Australian digital assets investment firm TCM Global Asset Management (formerly Token Capital Management) is making its first international foray. TCM is chaired by former ANZ managing director of global markets, Steve Bellotti, and its chief executive is former JP Morgan managing director of Asia Pacific commodities trading, Jon Deane. The firm has acquired a controlling stake, alongside high profile blockchain investor Frank Amato, in Cleveland-based Grasshopper Capital. Grasshopper Capital's first fund, launched in 2017 and closed in 2018, returned 29.28%. The fund was long only and focused on infrastructure opportunities in the blockchain ecosystem. Grasshopper has now announced it will be launching a new fund, Grasshopper Capital Fund II LP, […]
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Apr
17
Big cards, personal loans player takes a look at Zip Co
Payments company Zip Co's shareholders have more than doubled their money this year, but the strong run may have crippled their chance of a buyout. Street Talk understands local credit cards and personal loans company Latitude Financial Services - which is owned by global heavyweights KKR, Varde Partners and Deutsche Bank - has been watching the ASX-listed payments provider. Sources said Latitude's new management team, spearheaded by former Australia Post boss and investment banker Ahmed Fahour, has spent some time considering ways to get into the buy now pay later sector, which looks like disrupting part of its more traditional banking book. And as small cap managers know - and […]
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Apr
16
WP Hosting Customer Spotlight: Amber
WP Hosting spoke to Ryan Neale of Amber, a startup helping people prepare for a world where assets and currencies have become digital. Amber is an app that lets you swap your spare change for Bitcoin and other digital assets. It doesn’t have to be a big investment either as you can commit as little as 50c a day. As Amber describe it; “the spare change from each of your transactions is automatically converted into Bitcoin and Ethereum — like a digital piggy bank.” Amber was founded exactly a year ago by Aleksandar Svetski and Chantelle de la Rey and are headquartered in Brisbane. A quick intro: who are you […]
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