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Showing 1021 - 1030 of 1331 results for "AFFECTED"

GESB unveils opt-in insurance for casuals

RUTH LIEW  |  WEDNESDAY, 21 JUL 2010
... of the default cover offered by the insurer." Current casual workers who joined the fund prior to 1 July will not be affected by the changes, according to the statement. Casuals are eligible for the basic cover level and cannot apply for increased cover ...

SSgA cuts securities lending on fixed income funds

RUTH LIEW  |  TUESDAY, 20 JUL 2010
... 13 July. It had also started the closure of open positions in the program. According to the statement, the portfolios affected include the SSgA World Broad Investment Grade Index Fund; SSgA World Government Bond Index Fund; SSgA EMU Government Bond Index ...

Goldman Sachs pay $620m to settle SEC lawsuit

SEC RELEASE, BLOOMBERG  |  FRIDAY, 16 JUL 2010
... principles of honest treatment and fair dealing," he said. Around $280 million or half of the monies will be returned to the affected investors through a Fair Fund distribution and the rest will go to the US Treasury. According to Bloomberg, the $620 ...

SG survives mining tax deal

ALEX DUNNIN, MICHAEL HOBBS  |  FRIDAY, 2 JUL 2010
... an MRRT liability. In addition, the tax will only affect iron ore, coal, oil and gas companies, reducing the number of affected companies from 2,500 to approximately only 320 miners. While the draft legislation is yet to be drawn up, the MRRT is still ...

The disappearing act of lose-lose funds

MICHELLE BALTAZAR  |  FRIDAY, 2 JUL 2010
... US happening within the New York Stock Exchange (NYSE), the onus is on fund managers to look at how their trades are affected by liquidity and transparency issues outside this heavily regulated platform. "It's a very important point because what happened ...

Rosenberg leaves AXA after review

COMPANY RELEASE  |  THURSDAY, 1 JUL 2010
... discovered the coding error late last year when it was conducting research on improving its risk modeling. The coding error affected the flow of information between the risk model and the firm's portfolio optimisation process. It was corrected between ...

Basis Capital lesson far from over

RUTH LIEW  |  THURSDAY, 24 JUN 2010
... fortunate ones to avoid legal action by clients. "We provide fairly diversified portfolios so no one client was materially affected by Basis, and using that diversification approach, not a single one of our clients is interested in taking any [legal] ...

NZ Commission gives AMP all clear

MICHAEL HOBBS  |  MONDAY, 21 JUN 2010
... competition in any of the reviewed areas. "The Commission considers that competition from existing participation in the affected markets would be sufficient to constrain the merged AMP and AXA," said the statement. Last week, the Commerce Commission ...

AvSuper axes ME Bank mandate

RUTH LIEW  |  WEDNESDAY, 9 JUN 2010
... additional consideration. "But when we looked at member take up rates, and weighed that against how the whole fund was affected [by the mandate], the fund took a members' best interest approach," said Griffiths. Members who have an existing ME Bank account ...

Planners welcome comms ban

RUTH LIEW  |  WEDNESDAY, 2 JUN 2010
... Recep Peker, an Investment Trends analyst, said planners are signalling that lower balance investors will be the most affected. "The reality today is that practices often cross subsidise services, that the higher value clients subsidise the lower value ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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