Market wrap - morningBY AAP | TUESDAY, 15 MAY 2007 9:06AMWith takeover talk still running through global equity markets and a positive lead from New York, the local market is likely to open higher today. At 0806 AEST on the Sydney Futures Exchange, the June share price index contract was down 36 points to 6,331, on a volume of 1,212 contracts. |
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Perennial Partners takes over Australian Unity fund
Perennial Partners has agreed with Australian Unity Funds Management Limited (AUFM) to take over the investment management of the latter's Future of Healthcare Fund.
Platinum's FUM dips below $14bn
Platinum Investment Management's funds under management took a $1.65 billion hit to end up at $13.5 billion at the end of April.
AMP launches alternative debt fund
AMP said the new fund will provide bespoke access to global private debt investments but will only be available to some.
REI Super updates Conservative option
REI Super is rejigging its Conservative investment option and will change the name to "Growth Plus".
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The end of free money
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
