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Showing 2461 - 2470 of 2989 results for "ARRA"

Super funds back aircraft fund

RUTH LIEW  |  THURSDAY, 7 AUG 2008
The industry funds-backed Investec Global Aircraft Fund has more than quadrupled its assets under management since its inception in April. IGAF, which has the support of AUSCOAL Superannuation, Seafarers Retirement Fund and the Stevedoring Employees ...

Account switching is too much trouble

In a parallel for consumer complaints about the difficulty in changing super funds, a new survey has shown that a majority of people think switching banks is too much of a hassle. Fifty-four per cent of the 2000 respondents to a Research International ...

Philippines axes cheques for ATMs

RUTH LIEW  |  MONDAY, 4 AUG 2008
The Philippines is revving up its pension scheme by phasing out archaic cheques disbursement arrangements for an ATM-based system. The country's Government Service Insurance System (GSIS) brought the new system in place last month. The fund's 81,000 ...

DWS Strategic Value gains four stars

MEDIA RELEASE  |  WEDNESDAY, 30 JUL 2008
Standard & Poor's Fund Services has assigned a four-star rating to the DWS Strategic Value fund (Enhanced Liquidity). The fund is a diversified fund-of-hedge-fund which offers daily liquidity through an arrangement with Deutsche Bank AG in London. The ...

SEC blocks bank short selling

MICHAEL HOBBS  |  MONDAY, 28 JUL 2008
US based Securities and Exchange Commission (SEC) is taking extreme action against wild 'naked' short selling, issuing an emergency order that prevents the practice across a number of commercial and investment bank stocks. The order means anyone taking ...

Market wrap - midday

AAP  |  THURSDAY, 24 JUL 2008
The Australian equities made it through a volatile morning to be slightly up at noon, but metals, mining, energy, materials and IT capped any major gains. In the US overnight major indices rose moderately although the NASDAQ climbed nearly one per cent ...

NZX plugs into SWIFTNet

MICHAEL HOBBS  |  THURSDAY, 24 JUL 2008
The New Zealand Exchange (NZX) selected SWIFTNet for its clearing and settlement messaging services. SWIFT is an interconnected communications platform that allows users to exchange automatically using standardised financial information in a secure ...

Reserves okay and can be raised by fees: APRA

ALEX DUNNIN  |  FRIDAY, 18 JUL 2008
APRA dismisses claims that super choice means funds should no longer hold reserves for smoothing investment returns. Keith Chapman, executive general manager of APRA's Supervisory Support Division, speaking at the recent Meeting of Government Superannuation ...

SERF selects JANA as asset consultant

MICHAEL HOBBS  |  TUESDAY, 15 JUL 2008
Stevedoring Employees Retirement Fund (SERF) appointed JANA Investment Advisers as its asset consultant ahead of its proposed merger with the Seafarers Retirement Fund (SRF). Previously, SERF employed FuturePlus as its asset consultant and then employed ...

Carlyle Asia LFG recruits ANZ exec

MICHELLE BALTAZAR  |  THURSDAY, 10 JUL 2008
One of the largest private equity firms in the world strengthens its operations in Australia when it appointed senior ANZ executive David Balint as director of Carlyle Asia Leveraged Finance Group. Based in Sydney, Balint will manage the team's investment ...