logo
Samuel Green rejoins Goldman Sachs to lead real estate investing team in Sydney

Samuel Green rejoins Goldman Sachs to lead real estate investing team in Sydney

Yahoo10 hours ago
(Reuters) -Goldman Sachs has appointed Samuel Green as managing director of its Sydney-based real estate investing team, according to an internal memo seen by Reuters on Monday.
Green, who previously worked in the firm's investment banking division earlier in his career, will lead the strategic direction and growth of its Australia equity and credit investing platform and strengthen engagement with an expanding client base in the region, the memo said
He brings extensive experience in alternative investments across private equity, hybrid and credit in real assets, it added.
Most recently, Green was with Apollo Global Management, where he focused on commercial real estate in Australia and New Zealand. Before that, he held a role at Macquarie Principal Finance.
A Goldman Sachs spokesperson has confirmed the content of the memo to Reuters.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tivan, Sumitomo set up joint venture for WA fluorite project
Tivan, Sumitomo set up joint venture for WA fluorite project

Yahoo

time11 minutes ago

  • Yahoo

Tivan, Sumitomo set up joint venture for WA fluorite project

Tivan has established an incorporated joint venture (IJV) with Sumitomo Corporation to develop the Speewah fluorite project in Western Australia, having met all conditions for the initial phase of investment (Tranche 1). Sumitomo Corporation and Japan Fluorite Corporation (JFC) – a subsidiary of Japanese Government entity the Japan Organization for Metals and Energy Security (JOGMEC) – have made an initial $5.3m (Y781.62m) equity investment in the IJV, securing a 7.5% equity interest in the project. The investment from JFC will finance a project feasibility study, which aims to establish mining and processing operations to produce high-quality acid-grade fluorspar for export. In May 2025, Tivan announced binding agreements with Sumitomo Corporation and JFC to form the IJV to develop, finance and operate the project. The conditions precedent for JFC's Tranche 1 investment included securing approval from the Australian Government Foreign Investment Review Board; Tivan's application to novate Australian Government grant funding; and the completion of the Project Restructure, which involved transferring project tenements to the IJV company, Fluorite SPV. Sumitomo Corporation has entered into binding agreements with JOGMEC, which will hold a 49% equity interest in JFC. Tivan executive chairman Grant Wilson said: 'We are greatly honoured to have secured the involvement of JOGMEC in our joint venture. We look forward to ongoing collaboration with their technical team in Tokyo. 'The pathway we have created to final investment decision is being funded by contributions from Tivan and Sumitomo Corporation, and the governments of Australia and Japan. This model of private-public risk sharing is optimal in its design for the Speewah Fluorite Project and reflects the enduring strength of the bilateral relationship between Australia and Japan.' In June, Tivan received approval from the Australian Government's Foreign Investment Review Board for its initial investment in the Speewah project through JFC. "Tivan, Sumitomo set up joint venture for WA fluorite project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Collectible Car Insurer Hagerty Eyes Off Australian Expansion
Collectible Car Insurer Hagerty Eyes Off Australian Expansion

Forbes

time14 minutes ago

  • Forbes

Collectible Car Insurer Hagerty Eyes Off Australian Expansion

McKeel Hagerty is considering taking the listed Hagerty collectable car insurance success story to ... More Australia. Photo: Steve Jessmore Photography. The Shannons stranglehold on the Australian insurance market for rare, expensive and collectible cars could be nearing an end, with America's Hagerty Insurance eying up the Australasian market. Speaking during the Concorso d'Eleganza on Lake Como, Hagerty CEO McKeel Hagerty admitted his company had been approached to enter the market there. 'There are a significant number of people who want us to enter Australia,' Hagerty admitted. 'Those requests have come from other insurance companies and the only problem is the resource it would take us to do. 'But Australia would be a place we eventually get to, I think.' Any move into the Australian market would tread directly on the toes of Shannons Insurance business, with both companies specializing in the car-enthusiast and collector business, rather than mainstream car insurance. It's a niche, with cars often appreciating in value, with spare parts sometimes incredibly difficult or impossible to source and with valuers needing an encyclopedic knowledge of one-off cars from even a century ago. Incumbent Australian collectable car insurance firm Shannons is a long-term supporter of both niche ... More and mainstream Australian motorsport, including the Bathurst 1000. Photo:Traditional insurance companies prefer business models they're more familiar with, and often approach companies like Hagerty and Shannons to handle collectible cars for their clients, Hagerty said. 'The big insurance companies think of themselves as department stores and have to sell everything, but we are a boutique and not a department store,' Hagerty said. 'Nine out of the 10 biggest insurance companies in the US partner with us. They are the fiercest competitors and they all have agreements with us. 'The simple reason is that 2% to 3% of their general policies would include a car that we would be interested in, and they don't know what to do with it. 'The whole model of insurance is to handle depreciating assets and we only deal with appreciating assets, so we take a problem away from them and they can keep insuring the cars and houses and buildings they know how to do.' Hagerty Insurance does the opposite of most car insurers by mainly insuring appreciating assets. ... More Photo: Hagerty Insurance Hagerty has been making other moves, too, including poaching AT&T marketing wizard Marc Burns for its newly created Senior Vice-President of Brand and Marketing role, and it has a strong track record of beating financial forecasts. Unlike Shannons, Hagerty runs a growing auctions business, with the Broad Arrow auction house selling more than €31 million in sales, with a 78% clearance rate, at its recent Concorso d'Eleganza sale. Shannons ran Australia's most interesting car auctions for more than 40 years, but shuttered its Brisbane, Sydney and Melbourne showrooms in 2023 after being absorbed by Suncorp. Shannons, founded by Bob Shannon more than 40 years ago, was absorbed by its long-term corporate partner, Royal & Sun Alliance Insurance Limited, in 2000, and has more recently fallen under the Suncorp umbrella. A long-time favorite of the Australian collectible-car scene, Shannons also supports more than 1,200 car and motorcycle events a year in Australia, and runs the Shannons Club, which it claims is Australia's largest online motoring enthusiast community. Hagerty does similar things largely in the USA, the UK and Canada, ranging from the highest of the high end events at Concorso d'Eleganza at the Hotel Villa d'Este on Lake Como and the Pebble Beach Concours d'Elegance, to Radwood, Cars and Caffeine and the British Festival of the Unexceptional. Its Drivers Club magazine is one of the biggest-circulation car magazines in the world.

6 ways to put your investments on auto-pilot
6 ways to put your investments on auto-pilot

Yahoo

time42 minutes ago

  • Yahoo

6 ways to put your investments on auto-pilot

Key takeaways Automating your investments saves time and helps ensure consistent contributions. Workplace retirement plans, direct deposits to an IRA and automatic transfers to brokerage accounts are just a few options. Automated investing leverages dollar-cost averaging to decrease the effects of market volatility and boost your long-term returns. You have enough mundane tasks on your to-do list. Remembering to invest in your portfolio shouldn't be one of them. Automating your investments not only frees up your time, it also helps ensure you consistently invest over time. No additional work ethic or discipline required. There are lots of ways to automate your investments, from opting into your job's 401(k) plan to reinvesting dividends inside your robo or brokerage account. It's simple to set up recurring transfers and contributions, and taking a few minutes to automate your investments now can save you lots of time and potential missed opportunities down the road. Ready to put your investments on cruise control? Here's how to create an automated investment plan, along with tips on how to streamline your deposits. 1. Contribute to your workplace retirement account One of the easiest automatic investment options is a workplace retirement plan, such as a 401(k) or a 403(b). If your company offers this benefit, make sure to take full advantage of it. A 401(k) plan allows you to contribute a portion of your salary directly to your retirement plan before your paycheck ever hits your bank account. Contributions reduce your taxable income, which can help you out at tax time. Perhaps the biggest benefit is that most employers will match a percentage of your 401(k) contributions, effectively giving you free money for your retirement. In 2025, the annual contribution limit for 401(k) plans is $23,500, with an additional catch-up contribution of $7,500 per year for those 50 and older. A new rule this year allows workers age 60-63 to make up to $11,250 in catch-up contributions. When you enroll in your company's retirement plan, you'll choose a percentage of your salary to defer to the account. You may also get the option of automatically bumping up your contributions each year. Next, you'll pick your investments. Most employer 401(k) plans offer a selection of mutual funds. Target date funds are a popular option. These funds gradually rebalance and reallocate assets as you near retirement, typically shifting the majority of your assets from stocks to bonds and cash. The process happens automatically, which takes some of the guesswork out of rebalancing your portfolio. However, it's important to carefully review investments inside the fund — some target date funds are more conservative or aggressive with their stock allocations than others. 2. Set up direct deposits to an IRA Not all workplaces offer a 401(k) plan. In fact, as of 2024, about 72 percent of private industry workers had access to a retirement plan through their employer, and 53 percent took advantage of it, according to a report from the Bureau of Labor Statistics. Individual retirement accounts (IRAs) give people a way to invest outside of work. Even if a 401(k) plan is available at your job, you might find lower fees and more investment options within an IRA. Many online brokerages offer IRAs, including Vanguard, Fidelity, Charles Schwab and even Robinhood. Many other financial institutions and mutual fund firms do as well. You can open an IRA in minutes and link your bank account to make your first deposit. And to set up recurring transfers, of course. Funding an IRA at a broker opens the door to hundreds, potentially thousands, of different investment options, including stocks, bonds, mutual funds and ETFs. That's great if you're comfortable taking a DIY approach, but you should have a solid understanding of investments before you start. These resources on how to start investing and popular investment strategies for beginners are good places to start. There are two broad types of IRAs: traditional and Roth, each with their own specific tax treatment. A Roth IRA provides for tax-free withdrawals in retirement, though contributions won't lower your taxable income in the year contributions are made. In contrast, a traditional IRA lets you deduct your contributions from your taxable income but you'll face a tax bite when you withdraw money in retirement. Both of these accounts levy a 10 percent penalty if you withdraw money before age 59 ½. The annual contribution limit for both Roth and traditional IRAs is $7,000 in 2025, with an additional annual catch-up contribution of $1,000 for people age 50 and older. Keep in mind: If you're self-employed, you may qualify to participate in a SEP IRA or a Simple IRA. They come with some perks for small business owners, including higher contribution limits. Explore: SEP IRA vs SIMPLE IRA: How they compare 3. Use a robo-advisor Robo-advisors use algorithms to create and manage a diversified portfolio tailored to your risk tolerance and financial goals. Investing with a robo-advisor is super simple: Send in money, and the robo does the rest. They also offer lower fees than you'll find with a human financial advisor. Companies like Betterment and Wealthfront introduced low-cost automated investing to the masses over a decade ago, but major financial institutions have jumped into the robo-advisor arena too, including Schwab's Intelligent Portfolios and Vanguard's Digital Advisor. Once your account is open, you can set up direct deposits and recurring transfers. The funds will be invested according to your investment plan and automatically rebalanced as needed. Robo-advisors like Wealthfront and Betterment offer IRAs as well as traditional brokerage accounts, so you can choose the type of tax treatment you want before you get started. Pro tip Depending on the robo-advisor or broker, dividends that you earn can be reinvested automatically. By reinvesting dividends, your account value compounds more quickly. Over time, this compounding effect can help you purchase additional shares of the stock or fund, adding to your overall returns. 4. Set up automatic transfers to a taxable brokerage account While retirement accounts like 401(k)s and IRAs offer superior tax advantages, some investors prefer the flexibility of a brokerage account. Unlike retirement accounts, taxable brokerage accounts don't impose annual contribution limits. You also won't face a 10 percent IRS penalty if you need to withdraw money before the age of 59½. However, it's crucial to note that selling investments that have appreciated in value inside a brokerage account leads to capital gains taxes, even if you don't withdraw money from the account. In contrast, you can avoid capital gains tax on trades inside an IRA and only pay income tax when you withdraw the money in retirement. (Or, in the case of a Roth, avoid income tax entirely on retirement withdrawals.) The process of opening a brokerage account and setting up automatic transfers is as simple as opening an IRA. Link your bank account, choose how often you want to contribute money and select your investments. Many investors choose to have a taxable brokerage account as well as an IRA. Most major online brokerages offer both these days. Speaking with a financial advisor can help you determine which investment accounts are right for you. Get started: Match with an advisor who can help you achieve your financial goals 5. Work with a financial advisor Not everyone needs a financial advisor to help manage their investments. But if you're navigating a complex situation (like inheriting an IRA) or simply want some one-on-one counsel with a professional, a financial advisor can provide the expertise and guidance needed to make informed decisions. An advisor can evaluate the investment choices within your 401(k) and recommend the best options. They can also assess your current financial situation, create a tailored investment strategy, and periodically review and adjust your portfolio as needed. By delegating investment decisions to a financial advisor, you're essentially automating the management of your portfolio. They'll take care of the day-to-day monitoring and periodic rebalancing. You'll get to reap the benefits of freeing up your time while retaining a fiduciary you can call on when you have questions about your investments or other aspects of your financial life. 6. Use a micro-investing app Micro-investing apps like Acorns and Stash offer a unique approach to automated investing. These apps let you round up your everyday purchases to the nearest dollar and invest the spare change. You can also set up recurring transfers on a daily, weekly or monthly basis to boost your contributions. Micro-investing apps are a type of robo-advisor. They use algorithms to automatically invest your money in a portfolio tailored to your risk tolerance and goals. However, the spare change round-up feature is unique to micro-investing apps. While these apps offer a convenient way to start investing with small amounts of money, be aware that they charge relatively high fees, especially for investors with small account balances. For example, Acorns charges a flat $3 monthly fee for its basic taxable brokerage account. That might not sound like much, but $36 a year — regardless of your account balance! — is a sky-high price to pay considering none of the major investing platforms charge investors an annual or monthly fee. How to create an automated investment plan Many people delay investing — or fail to start at all — because they're intimidated by the process or afraid of the risk. An automatic investment plan can help ease those concerns by outlining a clear action plan you can follow and reference later. Here's how to create your plan, step by step. Determine your contribution percentage: Start by deciding what percentage of your salary you can comfortably contribute to investments. Make sure to use a percentage, not a dollar amount. This way, as your salary increases, your contributions rise in lockstep. Most experts recommend investing 10 to 20 percent of your salary. But first, make sure you've built up an emergency fund with at least three to six months' worth of living expenses in cash. Pick your account: Decide if you want to contribute to a workplace retirement account, a taxable brokerage account, an individual retirement account (IRA) or a combination of accounts. Select your investments: Most experts recommend low-cost index funds that track market indexes like the S&P 500. They can provide an efficient, affordable way to diversify your portfolio without needing to own multiple mutual funds or a wide selection of stocks. You can also explore exchange-traded funds, or ETFs. These funds can track an index, but other ETFs offer exposure to more specific sectors of the economy, such as small companies, international companies or high-yield bonds. Set up automatic transfers: Decide how often you want to transfer money — weekly, bi-weekly or monthly. Nearly all online brokerage platforms make it simple to set up automated transfers. Benefits of automated investing Automating your investments is like putting your bills on auto-pay. Both approaches ensure consistency and timeliness. Bills get paid on time, and investment contributions get made on time, without you having to think about it. Automated investing also helps you take advantage of dollar-cost averaging. It's the process of consistently investing a fixed amount of money at regular intervals, regardless of market conditions. This strategy smooths out the impact of market volatility, helping you buy more shares when prices are low and fewer when they're high. The result? A lower average cost per share over time — a huge advantage for any investor. Here are some other perks of automated investing. Reduces the temptation to spend: Since the money is automatically allocated to your portfolio, you eliminate the risk of spending it on something else. Avoids overreactions to market fluctuations: With automated investing, you're less likely to day trade and make other impulsive decisions during market volatility. It also takes the guesswork out of when to invest or trying to time the market. Frees up your time: Instead of constantly eyeing the markets, you can automate your investments and use the spare time for things you enjoy. Bottom line Automating your investments is a strategic move that puts your money on auto-pilot. Whether you choose an employer-sponsored retirement plan, robo-advisor or an IRA, the key is to put a system in place and let it run. — Bankrate's Logan Jacoby contributed to an update. Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store