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| | | National Australia Bank has reached binding terms with French company AXA and AXA Asia Pacific to buy the firms' Australian and New Zealand businesses for $4.6 billion. According to a press statement released yesterday, the deal includes a proposal ... |
| | | | K2 Asset Management has won a number of financial planning dealer group mandates for its Australian equities fund, and a $20 million institutional mandate for its international equities strategy in the past five months. Andrew Hall, head of distribution ... |
| | | | A director who dealt in Westpoint promissory notes has been placed on a good behaviour bond after pleading guilty to carrying on a financial services business without holding an AFSL. He was sentenced to six months imprisonment, with an order that he ... |
| | | | Navigator has been named the highest-rated platform for overall functionality - beating FirstWrap, Macquarie Wrap and Asgard eWrap, according to a new report. Navigator won the title for 2009, after many years of "steadily rising up through the rankings" ... |
| | | | PIMCO Australia posted its biggest year ever in 2009, with funds under management (FUM) up 36 per cent to $30 billion - but with the higher FUM comes the onus to better navigate sovereign risk. Peter Dorrian, PIMCO's head of global wealth management ... |
| | | | APRA has released its second round of fund level 'whole of fund' return on assets figures again showing retail super funds to have significantly underperformed their not-for-profit rivals in the five years to June 2009. The regulator's move to press ... |
| | | | J.P. Morgan Asset Management's Asian Infrastructure & Related Resources Opportunity fund, one of the largest dedicated Asian infrastructure funds in the world, has closed with over $900 million from institutional investors including Australia. The fund ... |
| | | | The Australian share market has received positive leads from overseas, with Wall Street indices and the oil price up. Metals prices were lower, however. At 0721 AEDT on the Sydney Futures Exchange, the June share price index contract was 26 points higher ... |
| | | | The $7 billion HOSTPLUS has launched a new campaign encouraging members to "pledge to do one thing for their super" in an effort to rouse them to add more to their accounts. Wayne Sullivan, executive manager of marketing at HOSTPLUS, said the campaign ... |
| | | | The Australian share market was lower at noon as weaker resources stocks weighed on the market and most other sectors were relatively flat. At 1200 AEDT, the benchmark S&P/ASX200 index was down 33.3 points, or 0.68 per cent, at 4,838.9 points and the ... |
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