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| | | The Australian dollar has dropped slightly after some negative commentary about the eurozone government debt crisis. At 0700 AEDT the Australian dollar was trading at 100.27 US cents, down from 100.83 at 1700 on Tuesday. HiFX senior trader Stuart Ive ... |
| | | | Ascalon Capital Managers has furthered its presence in Asia, forming a partnership with a Hong Kong-based alternative manager, Athos Capital. Ascalon, a member of the BT Financial Group and a 100% subsidiary of Westpac Banking Corporation, said it was ... |
| | | | The new Industrial Relations and Financial Services Minister Bill Shorten said he's delighted his new promotion to Cabinet. Yesterday's reshuffle by the Prime Minister sees Shorten elevated to a senior ministerial position for the first time, while ... |
| | | | Australian Unity Investments has begun winding up its High Yield Mortgage Trust following poorer than expected returns to investors in the current investment climate. Investors have already been reimbursed by 48 % of the fund's capital, with the remaining ... |
| | | | It was the summit touted as the one to end all summits. But nah! As Daryll Kerrigan in the "The Castle" would say, "tell him he's dreaming". Five Plans done, "n" to go. Last weekend's European Summit produced something - well, sort of - and the equity ... |
| | | | Total super assets grew by 2% to $1.28 trillion in the year ending September 30, despite a drop of just under $50 billion in assets during that month alone. The latest APRA quarterly superannuation figures released yesterday reveal the regulatory performance ... |
| | | | Rumour smack down. Have you ever heard of the phrase, "don't lend credence to a rumour until it is officially denied"? The fresh prince of the ECB, Mario Draghi, just did that - officially denied weeks of gossip that it's gonna mint fresh euros. Sovereigns ... |
| | | | AMP has changed its contemporary super products to the new short form Product Disclosure Statement (PDS) regime ahead of the government's deadline next year. It follows Financial Services Minister Bill Shorten's announcement earlier this year that PDS ... |
| | | | legalsuper has added a new 'low fee index' option for investors. Managed by State Street, the new choice is underpinned by investments in index funds designed to track the performance of particular market indices. According to legalsuper chief executive ... |
| | | | Australian financial advisers should not fear the ongoing European debt crisis if they play their cards right, according to PIMCO's US-based head of global and emerging markets product management, David Fisher. Speaking to Australian advisers last week ... |
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