Codere Sale Activated: Hedge Funds Secure Over €2 Billion Deal Madrid – A significant transaction is underway as funds have initiated the sale of Codere, a prominent Spanish gaming and hospitality company, for a valuation exceeding €2 billion. The move, driven by a consortium of hedge funds, signals a major shift in the gaming landscape … Read more
Superannuation Collapse: Who Bears the Cost When Funds Fail? The stability of Australia’s superannuation system, a cornerstone of retirement planning for millions, is facing renewed scrutiny following recent turmoil at several funds. Concerns are mounting over the potential for significant losses and, crucially, who ultimately shoulders the financial burden when a super fund falters. Recent … Read more
Nearly $100 million is heading back into the pockets of Australians who lost their retirement savings due to the collapse of First Guardian, thanks to a landmark deal struck between Netwealth and ASIC. But this isn’t simply a story of restitution; it’s a harbinger of a new era in superannuation regulation – one where preventative … Read more