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Showing 251 - 260 of 1700 results for Michael Hobbs

Celeste FM 'better placed': Villante

MICHAEL HOBBS  |  THURSDAY, 21 JAN 2010
Frank Villante, chief investment officer at Celeste Funds Management, formerly Souls Funds Management, said the business is better placed than it was prior to Treasury Group buying a stake in the business in November last year. This comes after Villante ...

FinaMetrica rides regulatory wave

MICHAEL HOBBS  |  TUESDAY, 19 JAN 2010
UK financial services regulatory reforms opened a new market for Australian-based FinaMetrica, a firm that provides financial advisers with a tool to assess their clients' risk tolerance. Paul Resnik, chief executive at FinaMetrica, said regulatory ...

AFS to launch SMSF admin service

MICHAEL HOBBS  |  TUESDAY, 19 JAN 2010
Australian Financial Services (AFS) Group is launching a self managed super fund (SMSF) administration service that could halve the time required to set an SMSF. Peter Daly, managing director and group chief executive at AFS Group, said the administration ...

AMP broadens risk profile

MICHAEL HOBBS  |  MONDAY, 18 JAN 2010
In a sign of the times, one of the country's largest planning groups has expanded its risk profiling tool to accommodate seven types of risk profiles instead of five - adding "short duration" and "cautious" to the mix. Previously, AMP's risk profile ...

Netwealth buys $700m FUA planning firm Bridgeport

MICHAEL HOBBS  |  MONDAY, 18 JAN 2010
Platform and financial services provider, netwealth, has bought national dealer group, Bridgeport Financial Services - marking the company's foray into owning planning practices directly. Bridgeport has offices in Adelaide, Melbourne, Sydney, Canberra ...

AUSCOAL Super adds another cash manager

MICHAEL HOBBS  |  FRIDAY, 15 JAN 2010
AUSCOAL Super has given a fixed interest mandate to Colonial First State Global Asset Management (CFS GAM) to invest funds in high-rated and secure cash investments. An AUSCOAL Super statement said the investment mandate is designed to make its cash ...

AustralianSuper overhauls SRI mandate

MICHAEL HOBBS  |  FRIDAY, 15 JAN 2010
AustralianSuper has redefined its $270 million socially responsible investment (SRI) mandate with Perpetual Investments from a strict exclusion approach to a broader best-of-sector strategy. The changes, which occurred this month, mean AustralianSuper's ...

CFS halts mortgage fund redemptions

MICHAEL HOBBS  |  THURSDAY, 14 JAN 2010
Colonial First State (CFS) has told investors in the $850 million Mortgage Income fund the window to access redemptions has closed after it found a small number of mortgages within the portfolio could become bad debts. A CFS spokesperson said the firm ...

Bookmakers Super boosts liquidity

MICHAEL HOBBS  |  THURSDAY, 14 JAN 2010
Bookmakers Super Fund has improved the liquidity of its balanced investment strategies, increasing the cash levels of its Balanced Pension by more than $10 million to $12 million. The fund's December update said "pleasing progress" had been made to ...

BT adds oil and gold to super portfolios

MICHAEL HOBBS  |  WEDNESDAY, 13 JAN 2010
In a pivotal stance signalling the importance of oil and gold in superannuation portfolios, BT Financial Group has made key investment changes to its super products to include direct exposure to commodities. The firm completed its strategic asset allocation ...