The latest issue of Financial Standard now available as an e-newspaper
Market wrapBY AAP | TUESDAY, 17 JUN 2014 12:05PM
The share market has opened lower after the iron ore price dropped to a two-year low and tensions in Iraq hurt overseas markets.
Read more: Iraq, Virgin Australia, Woodside Petroleum, Economics, Air New Zealand, ANZ, Australian Stock Report, Benny Sada, BHP Billiton, Commonwealth Bank, European, Fortescue Metals, June board meeting, Middle East, National Australia Bank, Qantas, Reserve Bank, Rio Tinto, Royal Dutch Shell, Shopping center giant Westfield, Tuesday, US indices, Westfield Group restructure, Westfield Retail Trust investors, Westpac
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Delivering Income from Infrastructure
In another first for Pinnacle Investment Management this week, the firm has set up a North American-based affiliate in a small-cap equities fund manager.
The $65 billion industry superannuation fund has welcomed a head of investment product and communications who has previously held roles with MLC Asset Management and BlackRock.
Mirae Asset Global Investments has appointed Citi Australia as its provider of custody and fund administration services for its Australian funds management business.
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies.
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