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Showing 1481 - 1490 of 1912 results for "Disclosure"

Liar, liar, hedge funds on fire

MICHELLE BALTAZAR  |  WEDNESDAY, 25 NOV 2009
... diligence found that the sector has turned lying to investors into a fine art. "We find that incomplete and inaccurate disclosure is common in this sub-segment of the market," he said. Worse, hedge fund managers are fully aware that their statements ...

Lessons learned from Opes Prime

RUTH LIEW  |  TUESDAY, 24 NOV 2009
From selling sophisticated products to retail investors to ineffective disclosure, the Ripoll Inquiry has investigated the factors that fuelled the failure of Opes Prime - and outlined what needs to be done to prevent future disasters. One of the biggest ...

Coalition against commissions

RUTH LIEW  |  WEDNESDAY, 18 NOV 2009
... campaign comes a day after IFSA unveiled its new Superannuation Charter, which ushers a new era on advice remuneration and disclosure. Under the Charter, IFSA members must unbundle and clearly state the cost of financial advice from other costs. Members ...

Cooper stalls APRA data review

ALEX DUNNIN  |  TUESDAY, 10 NOV 2009
... mid-2010. The APRA review, whose initiatives already include publication of fund level 'return of assets' metrics and disclosure of detailed demographic data for each fund, has proven to be controversial among wealth managers who argued the new statistical ...

PE managers should not mislead: IOSCO

ALEX DUNNIN  |  WEDNESDAY, 4 NOV 2009
... should also report to investors in a timely manner. Above all, IOSCO said "A private equity firm should ensure that all disclosure provided to investors is clear, complete, fair and not misleading." Kathleen Casey, chairman of the IOSCO Technical Committee ...

Super savings not for govt projects: Suncorp Life

MICHAEL HOBBS  |  MONDAY, 26 OCT 2009
... Among the firm's four other recommendations was that all associated regulated communications including the product disclosure statement (PDS) adopt a shorter, easier to understand format. The firm is also recommending the government play a role in ensuring ...

Trustee board shake-up overdue

MICHELLE BALTAZAR  |  MONDAY, 19 OCT 2009
... the remuneration of the chief executive at GESB which, ironically, came to light after the super fund provided more disclosure on its reports regarding board pay. Pauline Vamos, chief executive at superannuation body ASFA, said that like ICAA, the association ...

CalPERS reviews US$50m fees to placement agent

MICHELLE BALTAZAR  |  FRIDAY, 16 OCT 2009
... in the US, CalPERS, is to investigate "success fees" paid to placement agents by its external fund managers after a disclosure report found more than US$50 million in fees were paid to a placement agency ran by a former CalPERS board member. According ...

AIOFP elects new board for PCM

MICHELLE BALTAZAR  |  TUESDAY, 13 OCT 2009
... said. Winners of the tender will be announced in December, after which the new board will be preparing the new product disclosure statements (PDS). Asgard currently provides services on $600 million of funds for PCM but is understood to have to go through ...

GESB pay rise didn't happen: Chairman

ALEX DUNNIN  |  TUESDAY, 6 OCT 2009
... disclose salary details of senior executives or other similar corporate announcements claiming they do not have the same disclosure requirements as listed companies. Harvey has also rejected criticism that GESB directors should not attend annual industry ...