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Showing 1291 - 1300 of 1630 results for "Division 296"

AMP's profits down 2pc

RUTH LIEW  |  THURSDAY, 28 AUG 2008
AMP Limited has posted a two per cent fall in its underlying profit to $437 million after weathering challenging investment market conditions, but its financial services division survived the storm to report a three per cent increase in operating earnings. ...

State Street's private equity hits $110bn

MICHAEL HOBBS  |  WEDNESDAY, 27 AUG 2008
Rising institutional investor demand for private equity assets has resulted in State Street's private equity fund service's assets under administration to increase by 20 per cent to $110 billion since the division was formed last year. Jack Klinck ...

Challenger FM down, CEO says goodbye

RUTH LIEW  |  MONDAY, 25 AUG 2008
Challenger Financial Services Group chief executive Mike Tilley is stepping down just as the group announced today that its funds under management dropped 19 per cent in the last financial year. According to a statement on the Australian Securities ...

ASIC restructures staff line-up

RUTH LIEW  |  MONDAY, 25 AUG 2008
The Australian Securities and Investments Commission (ASIC) is investing significant man power in its financial economy and investigation and prosecution departments as the regulator undergoes a radical restructure of its staff line up. ASIC's strategic ...

Pax fined for SRI breach

MICHELLE BALTAZAR  |  MONDAY, 25 AUG 2008
US-based fund manager Pax World Management was forced to stump up US$500,000 in regulatory fines for violating its own socially responsible investments (SRI) policies. According to the Securities Exchange Commission, the firm bought 10 securities between ...

VFMC appoints ex-Goldman Sachs MD

RUTH LIEW  |  FRIDAY, 22 AUG 2008
The $37 billion Victorian Funds Management Corporation (VFMC) has appointed Justin Pascoe, former managing director of Goldman Sachs Asset Management's quantitative investment strategies team in Hong Kong, as the fund's new chief investment officer. ...

ING takes DB admin in-house

MICHAEL HOBBS  |  FRIDAY, 22 AUG 2008
ING Australia is moving its defined benefits administration in-house, ending its previous outsourcing relationship with Aon Australia. Mark Pankhurst, ING Australia Employer superannuation head of product and marketing, said Aon told the firm it was ...

IRESS buys boost profits

RUTH LIEW  |  WEDNESDAY, 20 AUG 2008
IRESS' buying spree earlier this year has fattened the profits of the company's wealth management business by 7.2 per cent. IRESS wealth management arms in Australia and New Zealand reported a healthy first half with revenue increasing by 7.2 per cent ...

Perpetual and BT large cap five star; S&P

MICHAEL HOBBS  |  MONDAY, 18 AUG 2008
Perpetual and BT Financial Group were both awarded a five star rating from Standard & Poor's for the firms' large cap concentrated Australian equities management ability. The research and ratings firm awarded the rating for each firms talent to select ...

AMP Cap hires Asian stock specialist

MICHAEL HOBBS  |  TUESDAY, 12 AUG 2008
AMP Capital Investors appointed former Maple Brown Abbott portfolio manager, Ragavan Sivanesarajah, to portfolio manager, Asian equities. Sivanesarajah previously worked at Maple Brown Abbott as a portfolio manager and equity analyst for five years ...