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Showing 3851 - 3860 of 5518 results for "September 2006"

Death by algorithm

BENJAMIN ONG  |  FRIDAY, 7 MAY 2010
What does it take to wipe out more than US$1,000,000,000,000 on Wall Street? Punching "B" instead of "M" on your keyboard. Panic set on Wall Street overnight as the Dow went into a freefall to record its worst ever intra-day drop of 998.5 points. Was ...

Market Wrap - Morning

AAP  |  FRIDAY, 7 MAY 2010
The Australian stock market is expected to post a huge decline at the start of Friday's trading day, following a horror night on offshore markets as Wall Street shed more than three per cent and commodities prices went backwards. At 0757 AEST on the ...

Gunns freezes MIS offerings

RUTH LIEW  |  WEDNESDAY, 5 MAY 2010
Gunns Limited, which owns the Responsible Entity of several Great Southern schemes, flagged it will not be making any MIS offers this financial year. Gunns Limited owns Gunns Plantations - the responsible entity for the 1998 - 2006 Great Southern pulpwood ...

Macq wealth mgmt post strong returns

RUTH LIEW  |  FRIDAY, 30 APR 2010
Macquarie's funds management, banking and financial services arms reported strong numbers for 2009, powered by overseas acquisitions, higher revenues and a strong cash management business. Assets under management (AUM) for Macquarie Group at 31 March ...

CalPERS fights BoA directors election

COMPANY RELEASE  |  THURSDAY, 29 APR 2010
One of the biggest pension funds in the US, CalPERS, has opposed the re-election of six Bank of America directors who failed to fully disclose the true financial condition of Merrill Lynch before the controversial merger in September 2008. CalPERS will ...

ING Australia reviews ING IM mandates

MICHAEL HOBBS  |  WEDNESDAY, 28 APR 2010
ING Australia (INGA) is reviewing the firm's investment mandates with ING Investment Management (ING IM) as part of a broader asset management strategy review following the ANZ/INGA merger. Stewart Brentnall, chief investment officer at ING Australia ...

Hedge fund Apeiron joins Blue Sky

MICHAEL HOBBS  |  THURSDAY, 22 APR 2010
Award-winning hedge fund, Apeiron Global Macro Fund, has joined with Brisbane-based alternative strategies firm, Blue Sky Funds Management, to attract more institutional investment. David Hobart, managing director at Apeiron, said the hedge fund manages ...

Market Wrap - Morning

AAP  |  THURSDAY, 22 APR 2010
The Australian stock market is expected to open weaker on Thursday after a flat lead from Wall Street overnight. At 0753 AEST on the Sydney Futures Exchange, the June share price index contract was 35 points lower at 4,937 points. In economics news ...

America's Eyjafjallajokull

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2010
While Eyjafjallajokull continues to spew ash, there may be a heavier fall-out when Goldman Sach's volcano explodes. Wall Street rose last night as companies reported better than expected earnings results. And guess which one stood out? Goldman Sachs! ...

NZ Super axes GMO mandates

MEDIA RELEASE  |  MONDAY, 19 APR 2010
The $12 billion New Zealand Superannuation has terminated its global equity, non-US small-cap equity and multi-strategy equity mandates managed by GMO. The guardians of New Zealand Superannuation made the announcement today, and said GMO Renewable Resources ...