Latest Asset Management News

A Zenith Minerals shareholder has lodged an application with the Takeovers Panel, alleging Forrestania Resources failed to disclose material information around a major capital raise and acquisition, potentially misleading shareholders during its recommended takeover bid.

Macquarie Group reports a 30% profit increase in FY26 to A$4.85 billion as CEO Shemara Wikramanayake announces retirement, with Greg Ward set to take the helm in November 2026.

Locate Technologies’ Q4 FY26 update highlights a 54% surge in Locate2u revenue to NZ$1.20 million, driving normalised EBITDA into positive territory. AI integration accelerated product development and customer onboarding, while capital moves included a share buyback and royalty conversion.

Regal Partners has reported a doubling of normalised NPAT to at least $90 million for 1H26, driven by record performance fees and strong net inflows. Funds under management climbed 6% to $21.4 billion, underpinned by robust demand across hedge funds and credit strategies.

Paradigm Biopharmaceuticals has strengthened its balance sheet with a combined $5.75 million cash inflow from Australian Government R&D tax incentives, supporting its pivotal Phase 3 osteoarthritis trial and regulatory efforts.

Union Star Metals has agreed to sell its Brazilian rare earth subsidiary to Harvest Minerals, receiving cash, shares, and milestone payments while sharpening its focus on gold and silver exploration in the US.

AdNeo Limited achieved a record positive operating cash flow of $451k in Q4 FY26 and secured significant customer contracts, setting the stage for disciplined growth in FY27.

WAM Income Maximiser has posted a 19.2% investment portfolio gain for the year ended June 2026, outperforming its benchmark by 13.4% with notably lower volatility, while increasing fully franked dividends to an annualised yield of 6.9%.

True North Copper (ASX:TNC) has agreed to sell its Bundarra Copper Project to Tec Minerals, securing A$500,000 cash, A$1 million equity in Tec Minerals, and a 1% Net Smelter Royalty, as it sharpens focus on its Mt Oxide and Cloncurry copper developments.

Vysarn Limited reported a record FY26 with NPBT of $20.9 million and operational revenue of $140.1 million, while completing the $50 million NewGround acquisition that boosts pro forma EPS by 26.7%.

Perpetual Limited has formally dismissed EQT AB’s improved but conditional acquisition proposal, deeming the offer insufficient for shareholders amid ongoing strategic shifts.

Savana’s US Small Caps Active ETF (ASX: SVNP) rose 3.74% in June 2026, underperforming the S&P Small Cap 600 benchmark by 7.69% despite a strong 11.43% rally in US small caps driven by valuation expansion and a stronger US dollar.