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Showing 1961 - 1970 of 2335 results for "ART"

EISS takes over FuturePlus

RUTH LIEW  |  TUESDAY, 2 NOV 2010
Energy Industry Superannuation Scheme has taken over Local Government Super's stake in FuturePlus Financial Services. The $3 billion EISS acquired LGS' shares in FuturePlus for an undisclosed sum, leaving the admin and investment firm to focus its services ...

Future Fund adjusts long term asset allocation strategy

JOHN MCDULING  |  MONDAY, 1 NOV 2010
The Future Fund's annual report released last Friday shed some light on how the fund uses its voting rights and why it has made changes to its its asset allocation strategy. In its annual report, the fund disclosed that since September '09, it had been ...

AFS deal falls, two new prospects emerge

ELISE BURGESS  |  THURSDAY, 28 OCT 2010
Dealer group Australian Financial Services' negotiations with a prospective purchaser have fallen apart - but there are two new interested parties, said the group's chief executive, Peter Daly. In what were already quiet negotiation process, the unnamed ...

Fox elected AFA president

MICHELLE BALTAZAR  |  WEDNESDAY, 27 OCT 2010
Brad Fox is the AFA's newly-elected national president, taking over a two-year term alongside new vice president Adam Smith. Fox, previously on the AFA board as the representative of the GenXt (AFA's sub-group of members made up of the younger advisers) ...

Bank claims Great Southern action stumped

MEDIA RELEASE  |  MONDAY, 25 OCT 2010
Bendigo and Adelaide Bank has claimed that the Great Southern class action DC Legal commenced against the bank has "fallen over". The bank made its calls following the striking out on last Wednesday of the separate class action initiated by Macpherson ...

Super funds call for new fee paradigm

JOHN MCDULING  |  THURSDAY, 14 OCT 2010
The Australian Institute of Superannuation Trustees (AIST) has renewed calls for alternatives to the existing asset-based and performance-based fee models. The AIST research published last month recommends a hybrid fixed dollar fee/performance fee model ...

Great Southern investors target BABL

MEDIA RELEASE  |  MONDAY, 11 OCT 2010
Around 2,000 Great Southern investors launched a class action in the Federal Court to recover losses from bankers, including Bendigo and Adelaide Bank Limited (BABL), which lent them money to invest in the schemes. Investors have asked the Federal Court ...

ASIC super expert joins ASFA

RUTH LIEW  |  THURSDAY, 7 OCT 2010
ASFA has hired former ASIC senior executive superannuation leader, Louise du Pre-Alba, as its new director of policy. Du Pre-Alba was previously head of super at ASIC and will take up her role immediately on a part-time basis, before working full-time ...

Premium Investors cuts cost, restructures

RUTH LIEW  |  TUESDAY, 28 SEP 2010
A year after Premium Investors underwent a forced off-market buy back, company chair Tom Collins flagged cost savings of more than 40 per cent next year as part of a business restructure. Last Friday, the firm released a newsletter to investors highlighting ...

Hedge fund adviser gets $2.7m fine

RUTH LIEW  |  FRIDAY, 24 SEP 2010
A US hedge fund adviser will have to cough up $2.7 million to settle SEC charges for breaching short selling rules. The Securities and Exchange Commission yesterday charged Dallas-based Carlson Capital for breaching a regulation which prevents short ...