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Showing 1361 - 1370 of 3289 results for "Smith"

Hedge fund growth problem not helped by new products

MARK SMITH  |  FRIDAY, 21 NOV 2014
Hedge fund managers pinning their hopes on new products to drive inflows and business growth are underestimating the costs involved as well as the effect on margins, a new report from EY has found. The global survey compared opinions from 100 hedge ...

ASIC begins legal action against LM Investment Management

MARK SMITH  |  THURSDAY, 20 NOV 2014
The Australian Securities and Investments Commission (ASIC) has begun legal action against LM Investment Management (LMIM) founder Peter Charles Drake and its former directors. The regulator is seeking financial penalties and banning orders following ...

Vanguard launches hedged and unhedged intl ETFs

MARK SMITH  |  THURSDAY, 20 NOV 2014
Two new international shares exchange traded funds (ETF) from Vanguard have begun trading on the ASX. The Vanguard MSCI Index International Shares ETF (ASX: VGS) and the Vanguard MSCI Index International Shares (hedged) ETF (ASX:VGAD) offer investors ...

Geared BetaShares ETF upgraded by Lonsec

MARK SMITH  |  THURSDAY, 20 NOV 2014
Exchange traded fund (ETF) provider BetaShares has seen its Geared Australian Equity Fund (hedge fund) upgraded to a 'Recommended' rating by Lonsec. Trading under the ASX code GEAR, the fund provides investors with a simple way to gain cost-effective ...

Sunsuper taps FPA adviser network

MARK SMITH  |  WEDNESDAY, 19 NOV 2014
Sunsuper and the Financial Planning Association of Australia (FPA) have partnered to form a national advice referral program which connects the fund's members with FPA practices across the country. The partnership sees the fund develop direct relationships ...

Netwealth rebates nearly $4m in fees

MARK SMITH  |  WEDNESDAY, 19 NOV 2014
Privately owned platform provider, netwealth, has paid out $3.8 million in fee rebates over the past three years to investors and super fund members. The figure includes $2.1 million paid out by the company in the last 12 months and netwealth expects ...

ASX and Bank of China sign major agreement

MARK SMITH  |  WEDNESDAY, 19 NOV 2014
ASX and the Bank of China have signed a heads of agreement to develop the Renminbi (RMB) as a currency in Australia's financial markets. The heads of agreement complements the recent appointment of the Bank of China as the official RMB clearing bank ...

Prosecution drops charges against Storm adviser

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... Commonwealth Director of Public Prosecutions has withdrawn its charge against former Storm Financial adviser Walter John Fullerton-Smith, following the death of a key witness. Fullerton-Smith faced a charge of making a false or misleading statement to ...

Former NAB boss received $6m last year

AAP  |  MONDAY, 17 NOV 2014
... fellow "big four" bank chief executives. Westpac boss Gail Kelly took home $12.7 million for the year, while ANZ's Mike Smith was paid $10.7 million and the Commonwealth Bank's Ian Narev received $8.1 million. NAB in October announced a 9.8% slide in ...

Van Eyk stake hurts AWI earnings

MARK SMITH  |  MONDAY, 17 NOV 2014
Australasian Wealth Investment's (AWI) stake in van Eyk Research has weighed on the company's earnings performance, its latest quarterly update shows. AWI owns roughly a third of the troubled ratings business, which went into liquidation in ...