WAM Capital bids for Wealth Defender LIC

Taking aim at the "perennial discount" of WDE's share price relative to the pre-tax asset value, WAM said the fund manager had "underperformed its benchmark".


BPI debuts in offshore bonds

BPI diversifies funding sources with first offshore USD bonds, proceeds will be used for general corporate purposes


WAM Capital announces LIC takeover bid

WAM Capital said WDE's investment manager has "underperformed its benchmark since inception" and its shares have traded at a "perennial discount" to reported pre-tax net tangible assets.


Praemium picks up new SMA partners

Praemium said the new portfolios would give it the most comprehensive range of domestic and international models with an SMA, and would help meet the growing demand from investor for globally diversified portfolios.


Another Australia firm gets RQFII quota

Globally, this is not the first time the firm is investing onshore. Its Ireland-based entity has a QFII quota of $200m, which was granted to the firm in 2014.


LJ Partnership heads Down Under

The partnership will enable both parties to provide their clients with a broader range of service offerings and co-investment opportunities in New Zealand, particularly in private debt and real estate.


BIMB has no plans to dispose of stockbroking unit

BIMB Holdings group chief financial officer Malkit Singh Maan said BIMB Securities’ profit was lower in the first half of the year mainly because of the disposal of its investment portfolio before the 14th general elections in May.