Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3871 - 3880 of 4761 results for "July 2011"

Nephila wins $166m in mandates

RUTH LIEW  |  WEDNESDAY, 24 FEB 2010
AMP and MLC are among five Australian institutional investors that have poured a combined $166 million into Nephila Capital last year. Nephila specialises in catastrophe reinsurance. A press statement noted that a large industry fund and corporate super ...

Austock appoints former Merrill chief

MICHAEL HOBBS  |  TUESDAY, 23 FEB 2010
Austock Group has appointed former chief executive at Bank of America - Merrill Lynch Australia, Paul Masi, as chief executive and managing director of the group. Masi has held a number of investment positions at BZW during the 1990s including head ...

Prison sentence for finance fraudster

ASIC RELEASE  |  FRIDAY, 19 FEB 2010
Hugh Charles Gordon, the former head of Newcastle investment company Whet Investments, was sentenced to 18 months jail, for fraud. Gordon, of Redheads, New South Wales, will be released after serving eleven months but will have to enter into a recognizance ...

Wheels rolling away from commission

RUTH LIEW  |  TUESDAY, 16 FEB 2010
AMP continues on its path away from a commission-based fee model, testing the waters by removing the in-built commissions within the AMP Growth Bond fund. It's a small step for AMP given that the fund is new but, if the strategy works, it could become ...

Fund managers on tax alert

MICHAEL HOBBS  |  FRIDAY, 12 FEB 2010
Fund managers could lose major clients or risk paying hefty fines if they don't comply with new tax rules which come into effect from July this year, according to one technology firm. According to Corrs Chambers Westgarth, Taxation of Financial Arrangements ...

Property developer gets jail sentence

ASIC RELEASE  |  WEDNESDAY, 10 FEB 2010
Former property developer and mortgage broker, Samuel David Saunders, was sentenced two years and three months imprisonment with a non-parole period of 12 months after pleading guilty to seven ASIC charges. Saunders of Orange, New South Wales, was sentenced ...

AMP planners back fee for service APL

MICHAEL HOBBS  |  TUESDAY, 9 FEB 2010
AMP's financial planners have thrown their support behind an approved product list (APL) that does not include any commissions - and fund managers keen to keep their business are fast adjusting to the change. Steve Helmich, director Financial Planning ...

State Street settles suit for $340m

SEC RELEASE  |  MONDAY, 8 FEB 2010
State Street has agreed to pay more than $340 million in settlement to the SEC's charges on misleading investors about their exposure to sub-prime investments. According to the SEC, State Street also selectively disclosed more complete information to ...

More funds adopt intra-fund advice

RUTH LIEW  |  FRIDAY, 5 FEB 2010
Super funds are racing to get the government's rubberstamp on intra-fund advice relief - with AvSuper, Plum and HESTA among those that already offer, or about to offer, the expanded advice service to their members. AvSuper received the authorisation ...

RARE eyes Indian and Mexican assets

RUTH LIEW  |  THURSDAY, 4 FEB 2010
RARE Infrastructure, which doubled its FUM from $834 million to $1.53 billion in 12 months, is buying up more assets in India and Mexico within its emerging markets portfolio. Sarah Shaw, senior investment analyst and portfolio manager - emerging markets ...