Market Wrap - MorningBY AAP | WEDNESDAY, 7 NOV 2007 8:38AMThe Australian share market is likely to open higher this morning, as the New York market looks set to end on a positive note, the Reserve Bank of Australia's decision on interest rates is announced, and base metal prices in London were higher overnight. |
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Investment boutique calls time after seven years
Wheelhouse Investment Partners is closing its doors, having decided it's no longer financially sustainable to continue operating its funds.
MLC Super to slash admin fees for members
Most members will save about $100 per year after the reductions, while some will save as much as $375.
Aussie female fund manager representation lags: Research
Only 8% of Australia's funds management industry is run by women, lagging the global average of 12.5%, the latest Alpha Female Report finds.
AMP BOLR litigants face lengthy payout process
Despite the Federal Court greenlighting the AMP Buyer of Last Resort (BOLR) lawsuit settlement amount, there is still a long way to go before financial advisers can have peace of mind with the payout process to potentially draw out to mid-2025.
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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.