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Showing 3601 - 3610 of 3940 results for "USI"

Adviser jailed for five and a half years

HAMISH MADDEN  |  FRIDAY, 9 FEB 2007
An unlicensed Queensland adviser has been jailed for five and a half years for fraud involving hundreds of thousands of dollars of client money. Shane Hoy was sentenced to five and a half years jail by the Brisbane District Court after an Australian ...

Beware of hedge risk: Deloitte

Many hedge fund providers are not using best-practice guidelines such as external administrators or independent valuations of their assets, according to the latest global hedge fund industry survey by Deloitte. According to Deloitte, which surveyed ...

MEB warns on reverse mortgages

Members Equity Bank, the bank owned by super funds, has warned consumers against using reverse mortgage products, claiming that financial planners will use equity release-type products to boost their incomes. Trowbridge Deloitte conducted a study last ...

Just debit it: Centricom

Australian owned online debit service provider Centricom could soon give credit card companies a run for their money by introducing an online shopping payment option that is cheaper and more consumer-friendly. Centricom is the company behind POLi (Pay ...

Time to talk about asset classes: MTAA Super

ALEX DUNNIN  |  WEDNESDAY, 31 JAN 2007
Rapidly evolving investment attitudes to using risk criteria when assembling portfolios is challenging conservative and out-dated views about how we categorise assets, said Paul Watson, deputy executive director of award winning industry fund MTAA Super. ...

Past performance still a bad future indicator: S&P

ALEX DUNNIN  |  WEDNESDAY, 31 JAN 2007
Standard & Poor's (S&P) latest persistence scorecard for mutual funds in the US continues to show very few funds managed to consistently repeat top-half or top-quartile performance. According to the scorecard over the five years ending December 2006 ...

Community CPS credit union launches Eastwoods FP

ALEX DUNNIN  |  TUESDAY, 30 JAN 2007
Recently merged and expanded credit union Community CPS has launched its in-house financial planning service, Eastwoods, already operating with $300 million in funds under advice (FUA). Kevin Benger, chief executive office of Community CPS, said, "We ...

Mercer awards mandate to INVESCO

NICK OLIVER  |  THURSDAY, 25 JAN 2007
Mercer Global Investments has appointed INVESCO Australia to manage a multi-strategy hedge fund mandate. The appointment signals the first investment in the INVESCO multi-strategy fund by an Australian investor. Mercer has mandated a 10 per cent allocation ...

Investors want cash from companies

NICK OLIVER  |  FRIDAY, 19 JAN 2007
Investors want companies to start giving them more cash back, according to a Merrill Lynch survey of fund managers. According to the results from the Merrill Lynch Global and Regional Fund Manager Survey 53 per cent of investors would prefer companies ...

Goldman Sachs to buy insurer USI for $1.8bn

The private equity arm of Goldman Sachs & Co has made a play for USI Holdings, the tenth largest insurance broker in the US, in a merger deal worth just under $1.8 billion (US$1.4 billion). Under the proposed merger, USI shareholders will each receive ...