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| | | ... per cent market share. Underlying profit at CommInsure fell 6 per cent on the year to $229 million. Of particular to interest to industry observers, given the recent regulatory focus on fees, total operating expenses for the division increased 1 per ... |
| | | | ... quarter results and holds its annual general meeting in Sydney. Foxtel also issues full year results. New York - Stocks and interest rates tumbled on Wednesday as investors around the world took a bleaker view of the US economy. The Dow Jones industrial ... |
| | | | Australian domiciled international equities fund managers seeking mandates should look at the London Borough of Redbridge Pension Fund, which is keen to award $270 million in funds to global shares managers. According to a tender statement, the fund ... |
| | | | ... working with Australian superannuation funds. Gardener is well known in Australia for his views on governance, alignment of interest and where superannuation funds should be looking to access alpha opportunities. His role will focus on improving AXA ... |
| | | | Funds need to ramp up their operational reserves, according to new research from Mercer. "As a minimum, we recommend that all funds should have an operational risk reserve equal to either 100 per cent of the fund's annual in-house operating costs, 50 ... |
| | | | ... to funds through internet and phone banking, and 360 Term Deposit, which offers the certainty of a guaranteed rate of interest over a fixed period. Damian Longo, head of transaction banking at St.George Bank, said flexibility is key in the new products ... |
| | | | Australian stocks were lower at noon, extending losses from the open in quiet conditions with big institutional players mostly staying on the sidelines. At 1206 AEST, the benchmark S&P/ASX200 index was down 27.6 points, or 0.6 per cent, at 4,567.3 points ... |
| | | | ... It can't bring down the fed funds rate. At 0-0.25 percent, it's already down on the ground. But the Fed can nudge down interest rates further along the yield curve by reinvesting the proceeds (principal and interest) from its mortgage-backed securities ... |
| | | | ... you're going to be in demand," said Borysiewicz. Performance is a key component to why the firm continues to attract interest with its volatility strategy, he said. The Amundi Funds Volatility World Equities for instance, returned 42.32 per cent since ... |
| | | | Melbourne company director Mark Ronald Letten has come under further ASIC scrutiny after the regulator moved to appoint receivers to an additional five unregistered property ventures associated with Letten. On Friday, 30 July, ASIC obtained orders relating ... |
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