Market wrap - middayBY AAP | MONDAY, 9 OCT 2006 12:24PMAustralian stocks have opened slightly up today on the back of strong commodity prices, and in spite of a fall on the US market on Friday. At 1015 AEST the benchmark S&P/ASX200 index was up 3.1 points at 5223.8, while the all ordinaries went 3.9 points higher to 5182.9. |
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Former industry fund chief in new role
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ECB cuts rates for second time
|The European Central Bank (ECB) dropped interest rates to 3.5%, the second time it's cut by 0.25% this year.
Future Fund restructures investment leadership
|The Future Fund says it is restructuring its investment team to meet the shifting dynamics of the current environment.
Managers struggle to secure positive net flows in FY24
A minority of investment managers have had positive net flows over the past year, according to Rainmaker Information.
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Daniel Farmer
CHIEF INVESTMENT OFFICER
MLC ASSET MANAGEMENT PTY LIMITED
MLC ASSET MANAGEMENT PTY LIMITED
Dan Farmer has been chief investment officer of MLC Asset Management for a little over two years now, and after spending 17 years at TelstraSuper and 12 years with IOOF, it's safe to say he's in it for the long haul. Eliza Bavin writes.