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| | | Bennelong Funds Management is liquidating one of its funds after the underlying manager, Security Global Investors (SGI), closed its global equities office following a business review by its parent company. Security Benefit, acquired by Guggenheim Partners ... |
| | | | A financial adviser has been banned for life after using a retired faming couple's savings to fund a margin loan, ASIC said yesterday. Trevor Wayne Carll of Port Pirie, South Australia, worked for local planning business Bruce McDonald Investment Services ... |
| | | | Australian Unity Investments (AUI) has created a new fixed income team through a joint venture with experienced fund manager Bill Bovingdon. Former Aberdeen CEO Bovingdon set up a boutique funds management business called Altius Asset Management, focusing ... |
| | | | A super industry stoush is brewing over annual opt-in fees proposed under the Future of Financial Advice (FoFA) reforms. The Industry Super Network (ISN) has come out in favour of the yearly renewal framework while the Financial Services Council (FSC) ... |
| | | | Superannuation funds are being encouraged to embrace the investment opportunities brought on by climate change by investing in so called 'climate sensitive assets'. Climate change could account for 10 per cent of investment portfolio risk over the next ... |
| | | | I wonder if anyone noticed that there was a G-20 meeting held over the weekend. Yes, there was! Honest. Am sure many have heard of the meeting in Paris where the world's 20 most powerful heads talked to discuss the collective economic and financial ... |
| | | | Snowball Group marks 2011 as another year of providing more services in the area of 'segmented advice' after posting a healthy increase in its half-year profits. Tony McDonald, managing director of Snowball, said the group is performing well as it prepares ... |
| | | | DKN Financial Group presses on with its expansion strategy despite a fall in its profits in the half year, according to results released this morning. DKN recorded an increase in funds under administration, up 6.5 per cent to $7.9 billion since June ... |
| | | | The Australian market is receiving clear, positive leads from offshore trading overnight, with all three key Wall Street indices substantially higher, as were European and Asian markets. Gold was flat but higher, oil was higher, but silver and copper ... |
| | | | Dip buyers are coming out on top in the current financial market stakes. Perhaps they're even secretly hoping for a repeat of that 1.8 per cent one-day drop in the S&P 500 index late last month - back when Egyptians first tried to prise Pharaoh Mubarak's ... |
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