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Costello to leave Future Fund

JOHN MCDULING  |  TUESDAY, 14 SEP 2010
Paul Costello, the first ever employee of the Future Fund and general manager since its inception in 2006, is set to leave Australia's largest investment fund for pastures new, it was revealed late yesterday. "I am proud to have led the agency through ...

Investec eyes aircraft leasing market

NEWS RELEASE  |  TUESDAY, 14 SEP 2010
Hoping to exploit the burgeoning demand for alternative assets, Investec Global Aircraft Fund launched an open-ended capital raising yesterday and appointed a former senior Qantas executive to its investment committee. Investec said it was seeking funds ...

Happy days

BENJAMIN ONG  |  TUESDAY, 14 SEP 2010
... fiscal austerity measures bite. But at least, the Eurozone economy would be starting from a stronger base. Basel the third. Yes, this provided a pleasant surprise. The Basel Committee on Banking Supervision agreed to tighten capital requirements as expected... ...

CB thoughts

BENJAMIN ONG  |  MONDAY, 13 SEP 2010
... you go to my lovely When you're alone in your bed Tell me the thoughts that surround you I want to look inside your head, yes I do." -- Peter Sarstedt We, mere mortals, watching the financial market's daily gyrations and the regular drip feed of economic ...

Rewind and replay

BENJAMIN ONG  |  FRIDAY, 10 SEP 2010
... now that the odds favour further equity market gains. All else being equal, it looks like a win-win situation for equities. Yes, all else being equal for we remain on uncharted waters and don't know whether another black swan reappears. This is because ...

Titanium challenges rating

JOHN MCDULING  |  THURSDAY, 9 SEP 2010
Camden-based fund manager Titanium Asset Management said S&P fund services' research on one of the group's funds contain "major inaccuracies", and has requested S&P to withdraw its 'sell' rating on it. S&P Fund services assigned a "sell" rating on the ...

True Lies

BENJAMIN ONG  |  WEDNESDAY, 8 SEP 2010
... markets for most of 2010, something evil this way comes... or more accurately, the same evil returns to haunt. Europe redux. Yes Virginia, Europe is back. Back in the headlines. Back on red alert. Back to spook our pants off... this time, scarier than ...

Receivers appointed to Willmott Forests

RUTH LIEW  |  TUESDAY, 7 SEP 2010
The fate of around 8,000 investors' $400 million investments in MIS scheme provider Willmott Forests remains up in the air, as the firm's financiers - CBA and St.George - yesterday appointed receivers to the company. Bryan Webster, Mark Korda and Mark ...

Planes, trains & automobiles and the bush

BENJAMIN ONG  |  TUESDAY, 7 SEP 2010
... worrying about the 121,000 government jobs lost in August should worry no more. President Obama will provide... and more. Yes he can! President Obama announced a US$50 billion spending programme to modernise, rebuild or renew America's networks for planes ...

The future of super: Cooper

RUTH LIEW  |  FRIDAY, 3 SEP 2010
Super funds looking more like banks, the transformation of advice as intra-fund advice takes flight, and defined contribution (DC) plans having their own regulatory arm - these are some of the outlooks for super over the next 10 to 20 years, according ...