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Future Fund chair back for a year, two new board members

ALISON BEVEGE  |  WEDNESDAY, 23 MAR 2011
Future Fund chairman David Murray has signed on for a further 12 months at the sovereign wealth fund amid controversy over an alleged board split, it was announced yesterday. Treasurer Wayne Swan re-appointed Murray for a further year, saying in a press ...

ASFA and FTSE launch super GST index

ALISON BEVEGE  |  WEDNESDAY, 23 MAR 2011
An index measuring the performance of superannuation funds after capital gains tax has been released by the Association of Superannuation Funds of Australia and London's FTSE Group. The index provides the first standardised measure for Australian super ...

Rising oil prices add to sovereign risk

ALISON BEVEGE  |  TUESDAY, 22 MAR 2011
Super funds have been urged to perform oil vulnerability assessment after blasts rocked Moamar Gaddafi's Tripoli compound this morning. As explosions and anti-aircraft fire rocked the Libyan capital, brent crude prices rose to US$114.86 per barrel. ...

A friend like Ben

BENJAMIN ONG  |  TUESDAY, 22 MAR 2011
Blink and you would have missed it. Financial markets are back in forward gear once more. They have been over the past three trading days inspite of the severe calamities and geo-political tensions that came their way not even a full three months into ...

Market Wrap - Midday

AAP  |  FRIDAY, 18 MAR 2011
The Australian dollar is over half a US cent higher on news that the Group of Seven major industrialised countries have agreed to support Japan's economy. The US dollar also surged against the yen on news that the G7 had agreed on joint intervention ...

Climate change choice - market or regulation?

ALEX DUNNIN  |  FRIDAY, 18 MAR 2011
The climate change arguments currently before the parliament present Australia with the stark choice between market based solutions or a quagmire of regulation, said Dr Ross Garnaut yesterday when speaking at the National Press Club. This is the inevitable ...

NIA changes name

PRESS RELEASE  |  THURSDAY, 17 MAR 2011
The National Institute of Accountants will change its name to the Institute of Public Accountants in May after members voted on changes to the organisation, it said yesterday. The organisation would focus more on small and medium enterprises to reduce ...

Market Wrap - Midday

AAP  |  THURSDAY, 17 MAR 2011
The Australian share market is trading at six-and-a-half month lows at noon, with investor confidence low due to instability in world markets and the effects of the crisis in Japan. At 1200 AEDT, the benchmark S&P/ASX200 index was 6.7 points lower at ...

Senior departures at Acadian

ALISON BEVEGE  |  THURSDAY, 17 MAR 2011
The departure of two senior portfolio managers will not affect the rating of five Acadian Asset Management funds, ratings firm Standard & Poor's said yesterday. The recent loss of Terry Burnham, director of portfolio management and Qi Zeng, portfolio ...

Japan shall overcome

BENJAMIN ONG  |  THURSDAY, 17 MAR 2011
The still-unfolding disaster in Japan is sapping the optimism off financial markets. Stock markets rallied yesterday but it looks like they'll be down again today. Volatility is the order of today and would remain so for as long as strong aftershocks ...