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| | | HFA Accelerator Plus, a listed investment fund that specialises in absolute return strategies, has posted a near quadrupling of profits in the last financial year. This increase is on the back of a 253 per cent increase in revenue on its previous full ... |
| | | | The Australian Securities and Investments Commission (ASIC) has released a consultation paper proposing tighter regulation of the unlisted, unrated debenture market following the collapse of companies like Westpoint and ACR. The paper, unlisted, unrated ... |
| | | | Almost a year ago, when local councils started developing an appetite for Collateralised Debt Obligations (CDOs) after tasting their higher yields, concerns were raised over their involvement these kind of riskier investments. Now, with many CDOs exposed ... |
| | | | Challenger's financial planning division has made a raft of fresh appointments in its platform distribution team, hiring new staff who were previously at BT, Asgard and Credit Suisse. Pia Zulueta, formerly at Asgard Wealth Solutions, is the new head ... |
| | | | The Australian sharemarket is expected to open higher today after stronger overnight metal prices and gains in the US. At 0750 AEST, the September Share Price Index was up 65 points to 6087 on the Sydney futures exchange. Companies reporting interim ... |
| | | | Listed investment manager Perpetual is reaping the rewards of a strategy implemented four years ago after its latest results show that more than 50 per cent of revenue growth over the period came from non-Australian equity sources and nearly 20 per ... |
| | | | The appointment of Gail Kelly as Westpac's new chief executive is likely to change several merger and acquisition scenarios. Kelly is formally on six months leave (under the terms of her St George Bank contract) before taking the helm at Westpac in ... |
| | | | Panicked bear-phobic investors and a dodgy database sent our market half way to a crash just before 2pm yesterday in one of its biggest losses in seven years. Not officially a Bear market, yesterday's mauling still managed to erase all of the gains ... |
| | | | Commonwealth Bank is reviewing plans for the transformation of CommSec, its equity and funds brokerage business, into a full service financial institution. CommSec is one of the jewels in the crown at CBA, a point underlined by its strong contribution ... |
| | | | Forget loss of appetite, investors seem to have become risk-phobic resulting in equities along with the Aussie dollar suffering another hammering. In a race to the bottom of the pool, the S&P/ASX200 plummeted 9.9 per cent from June's peak, the Nikkei ... |
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