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Showing 1661 - 1670 of 1956 results for "Default"

Timbercorp buy passes sole purpose test

RUTH LIEW  |  MONDAY, 6 JUL 2009
The $1.5 billion First Super, which last week entered a consortium to snap up collapsed Timbercorp's forestry assets, will not be in breach of the sole purpose test if the deal was to be finalised, said a superannuation expert. Michael Vrisakis, partner ...

Not a happy EOFYS on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 1 JUL 2009
... foreclosure'. Well, yes...perhaps. But not quite. These borrowers may be gearing up for what 'The Economist' termed strategic default. In its 25 June 2009 print edition titled 'Can pay, won't pay', the magazine cited a research done by Luigi Guiso, Paola ...

Russell overhauls diversified funds

MICHAEL HOBBS  |  TUESDAY, 30 JUN 2009
... arrived at Russell in 2006, takes advantage of market movements by temporarily tilting the portfolios exposure away from the default strategic asset allocation to take advantage of mispriced assets. "The process is driven by the idea that on occasion ...

HESTA improves insurance

RUTH LIEW  |  TUESDAY, 30 JUN 2009
... protection and death covers - all without an increase to the premiums charged to members. Currently, members with HESTA's default insurance generally have two units of death cover and two units of income protection cover which can provide a monthly disability ...

Legalsuper hires investment expert

COMPANY RELEASE  |  FRIDAY, 12 JUN 2009
... legalsuper's investment portfolio," he said. Legalsuper has more than 25 per cent of its members invested outside the default option - many funds in the industry average only 10 per cent outside their default option, said the fund. "Our latest member ...

ATO targets loss schemes

RUTH LIEW  |  MONDAY, 1 JUN 2009
... taxpayers who attempt to claim a capital loss arising from the artificial receipt of an interest in a discretionary trust as a default beneficiary. "In the current economic environment we're expecting to see an increase in tax losses," D'Ascenzo said. ...

CAAM eyes credit and currency

MICHAEL HOBBS  |  WEDNESDAY, 27 MAY 2009
... said. "Credit spreads are at their widest levels since 1929 and imply a very pessimistic scenario on both recession and default rate, creating an unprecedented entry point." The locally domiciled CAAM Global Bond fund received a 'recommended' rating ...

Regulators call for better OTC derivatives processing

MICHELLE BALTAZAR, MICHAEL HOBBS  |  FRIDAY, 22 MAY 2009
... was causing the instability in the financial system - particularly as the risks of collateral debt obligations, credit default swaps and counterparty risks came to light. Twelve months on, the Survey of the OTC Derivatives Market in Australia found that ...

Perpetual starts legal proceedings to claim funds

MICHELLE BALTAZAR  |  THURSDAY, 14 MAY 2009
... were then sold to retail investors by Grange Securities. Retail investors then got caught in the middle of the credit default swaps (CDS) sector collapse as Saphir Finance sought Lehman Brothers Special Financing, a unit of the failed Lehman Brothers ...

Sunsuper upgrades retirement program

MICHAEL HOBBS  |  FRIDAY, 8 MAY 2009
... remainder is allocated to the Sunsuper Retirement investment option. Previously pension members were placed in the fund's default option. It's all in an effort to retain those members that are moving into retirement phase, said Tony Lally chief executive ...