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| | | ... Banks and financials were up, with ANZ gaining 10 cents to $21.09. Commonwealth added 19 cents to $49.63, National Australia Bank was up nine cents at $24.27, while Westpac was flat at $20.65. Telstra was one cent higher at $3.01. At 1215 AEST, the worst ... |
| | | | ... controlling risk for institutions is to start moving their allocation to fixed interest with sovereign bonds, global credit, bank loans and inflation linked bonds. "There is a still an educational process but there is a lot more interest from institutional ... |
| | | | Commonwealth Bank of Australia reported a 3% rise in its wealth management division for the June 2011 quarter, while the appreciating Australian dollar caused a slight drop in its funds under administration and management. CBA's insurance inforce premiums ... |
| | | | Standard & Poor's managing director of fund services Mark Hoven has moved on from the ratings house. A spokesperson for S&P told Financial Standard that Hoven has already left the company. S&P said that research related enquiries should be directed ... |
| | | | ... appropriate hurdle, given that these managers could achieve this by simply investing their entire portfolio in an interest-bearing bank account," the report said. The review found that Australian Equities managers in the peer group tended to charge a ... |
| | | | ... investment officer, Bill Bovingdon, invests in fixed interest securities, derivatives and cash, including government, corporate, bank and other bonds. Its largest exposure is currently the Queensland Treasury Corporation with 16.5% of the portfolio ... |
| | | | ... turnover on the prior quarter, although it fell 4% on Q1 2011. Macquarie's share price was down $0.90 this morning, after the bank blamed weaker market conditions for a fall in contributions from operating groups. Contributions for Q1 2012 were down ... |
| | | | Bennelong Funds Management has nabbed two fund managers from Herschel Asset Management, forming a new absolute return team. Mark Burgess and Kristiaan Rehder have moved across to Bennelong, effective from September 1 and will be majority shareholders ... |
| | | | The Australian share market remains lower as fears over a pending US sovereign debt default pulled Asia markets down, with all local sectors trading in the red. By 1200 AEST, the benchmark S&P/ASX200 index was down 49.9 points, or 1.1 per cent, at 4,487.5 ... |
| | | | ... using his position as a director and one charge of recklessly using his position as a director of OPSL in order to secure bank finance. Blumberg was convicted of one charge of dishonestly using his position as a director in relation to the signing of ... |
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