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Challenger (company)
Challenger Limited (Challenger) is an Australian investment management company. It is publicly traded on the Australian Securities Exchange and is a constituent member of the S&P/ASX 200 and S&P/ASX 300 indices. It is largest provider of annuities in Australia. Background Challenger was founded in 1985 by Bill Ireland who was previously a stockbroker and an art gallery owner. Originally, Challenger was established as a hotel management business. Challenger held its initial public offering on the Australian Securities Exchange 10 days before Black Monday in 1987. Afterwards Ireland changed the direction of the company to focus on financial services. In 1998, Kerry Packer and his son James Packer became investors of Challenger by acquiring a significant stake in the company through Consolidated Press Holdings. This helped fund Challenger's move into the annuities business as well as other investment management fields. In 2002, Challenger acquired Credit Suisse First Bosto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Monday
Black Monday refers to specific Mondays when undesirable or turbulent events have occurred. It has been used to designate massacres, military battles, and stock market crashes. Historic events *1209, Dublin – when a group of 500 recently arrived settlers from Bristol were killed by warriors of the Gaelic O'Byrne clan. The group had left the safety of the walled city of Dublin to celebrate Easter Monday near a wood at Ranelagh, when they were attacked without warning. Although now a relatively obscure event in history, it was commemorated by a mustering of the Mayor In many countries, a mayor is the highest-ranking official in a Municipal corporation, municipal government such as that of a city or a town. Worldwide, there is a wide variance in local laws and customs regarding the powers and responsibilitie ..., High Sheriff, Sheriffs and soldiers on the day as a challenge to the native tribes for centuries afterwards. *13 April 1360 – Black Monday (1360), when inclement w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1985
Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into Personal finance, personal, Corporate finance, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as Currency, currencies, loans, Bond (finance), bonds, Share (finance), shares, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are always present in any financial action and entities. Due ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Based In Sydney
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Companies Of Australia
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also include currency gains ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Companies Established In 1985
Australian(s) may refer to: Australia * Australia, a country * Australians, citizens of the Commonwealth of Australia ** European Australians ** Anglo-Celtic Australians, Australians descended principally from British colonists ** Aboriginal Australians, indigenous peoples of Australia as identified and defined within Australian law * Australia (continent) ** Indigenous Australians * Australian English, the dialect of the English language spoken in Australia * Australian Aboriginal languages * ''The Australian'', a newspaper * Australiana, things of Australian origins Other uses * Australian (horse), a racehorse * Australian, British Columbia, an unincorporated community in Canada See also * The Australian (other) * Australia (other) * * * Austrian (other) Austrian may refer to: * Austrians, someone from Austria or of Austrian descent ** Someone who is considered an Austrian citizen * Austrian German dialect * Something associated with the countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PGA Tour Of Australasia
The PGA Tour of Australasia, currently titled as the Challenger PGA Tour of Australasia for sponsorship reasons, is a professional golf tour for men, owned and operated by the PGA of Australia. Official events on the tour count for World Golf Ranking points. History The tour is recognised as being founded in 1973 when the PGA of Australia instituted an Order of Merit. Despite always including at least one tournament in New Zealand, the tour was known as the PGA Tour of Australia until it adopted its current name in 1991 following the inclusion of three events in Asia. Most of the leading players on the tour are Australian, with a smaller domestic contingent from New Zealand, but players from many other countries all over the world also participate. The very best Australasian players devote most of their time to the PGA Tour or the European Tour, typically returning home for events after the European and North American seasons end in mid-November, if they choose to play tourna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apollo Global Management
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. Apollo was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, former investment bankers at the defunct Drexel Burnham Lambert. The company is headquartered in the Solow Building in New York City, with offices across North America, Europe, and Asia. Founder and CEO Leon Black resigned as CEO in 2021 in the wake of sexual misconduct allegations and revelations that he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heartland Bank
Heartland Bank is a New Zealand owned bank that was created in 2011 through the merging of four financial organisations. Heartland was granted its bank registration by the Reserve Bank of New Zealand in 2012. It specialises in motor vehicle loans, reverse mortgages, small business finance, livestock finance, savings, investments and deposits. History Predecessors In 1875, the 'Ashburton Permanent Building & Investment Society' was established, which subsequently merged with 'SMC Building Society and Loan & Building Society', becoming 'CBS Canterbury'. Separately, the 'Southern Cross Building Society' opened in Auckland in 1923, offering a similar range of financial services to its customers throughout the North Island. Four leading stock and station businesses; Williams & Kettle, Wrightson, Pyne Gould Guinness, and Reid Farmers merged to become PGG Wrightson Finance (PWF) in the 1940s. PWF provided financial services to its farming and rural clients. In 1952, 'MARA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Superannuation Fund
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world's largest public pension fund. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity. Classifications Open vs. closed pension fund Open pension funds support at l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Suisse First Boston
Credit Suisse First Boston (also known as CSFB and CS First Boston) was the investment banking affiliate of Credit Suisse headquartered in New York. The company was created by the merger of First Boston Corporation and Credit Suisse Group in 1988 and was active in investment banking, capital markets and financial services. In 2006, Credit Suisse reorganized and merged CS First Boston into the parent company and retired use of the "First Boston" brand. In 2022, as part of a major restructuring, Credit Suisse began the process of spinning out the investment bank into an independent company and revived the brand. The process ultimately failed, and Credit Suisse was merged into rival Swiss bank UBS. History Credit Suisse / First Boston 50 / 50 Joint Venture (1978–1988) ''Main Article First Boston'' In 1978, Credit Suisse and First Boston Corporation formed a London-based 50-50 investment banking joint venture called ''Financière Crédit Suisse-First Boston''. This joint ve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Packer
James Douglas Packer (born 8 September 1967) is an Australian billionaire businessman and investor. Packer is the son of Kerry Packer, a media mogul, and his wife, Roslyn Packer. He is the grandson of Frank Packer. He inherited control of the family company, Consolidated Press Holdings Limited, as well as investments in Crown Resorts and other companies. He is the former executive chairman of Publishing and Broadcasting Limited (PBL) and Consolidated Media Holdings, which predominantly owned media interests across a range of platforms, and a former executive chairman of Crown Resorts. , Packer's net worth was assessed as 4.95 billion by the '' Financial Review Rich List'', ranking him as the eighteenth-wealthiest Australian; he was the richest person in Australia in 2006 and 2007. '' Forbes Asia'' magazine assessed Packer's net worth at 3.6 billion in January 2019, the ninth-richest Australian. In June 2022, the Federal Court approved Blackstone's takeover of Crow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
