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Showing 3971 - 3980 of 4839 results for "EAC"

Local Govt Super overhauls intl eq, Aus equities next

RUTH LIEW  |  TUESDAY, 12 MAY 2009
Local Government Super (LGS) has changed the manager line up of its $990 million international equities portfolio to suit a "core and satellite" approach, and it plans to do the same with its $1 billion Australian equities portfolio next. Peter Lambert ...

Avoiding the black swan

MICHELLE BALTAZAR  |  MONDAY, 11 MAY 2009
In a world where major banks have passed the 'stress test' but not necessarily the smell test, investors should invest in portfolios that make small bets to gain big over the long term, said a fund manager who survived the '87 and '08 crash. Defying ...

BNY Mellon boutiques win mandates

COMPANY RELEASE  |  FRIDAY, 8 MAY 2009
BNY Mellon Asset Management's boutique firms Newton and Walter Scott have been awarded global equity mandates on behalf of Japan's public pension fund, the $1.9 trillion Government Pension Investment Fund (GPIF). Following a review of its existing fund ...

Future Fund hires more managers

RUTH LIEW  |  TUESDAY, 5 MAY 2009
Goldman Sachs, ING Clarion and Perennial are just three of seven new mandate beneficiaries of the $59 billion Future Fund. According to its latest quarterly update, the Future Fund has appointed new Aussie equities mandates with JF Capital Partners ...

Conflicts not all bad: AIST

ALEX DUNNIN  |  FRIDAY, 1 MAY 2009
In a major submission to APRA, the Australian Institute of Superannuation Trustees (AIST) has said that fighting for the elimination of conflicts of interest can be self-defeating. Instead, the peak interest group for not-for-profit super funds said ...

BNY Mellon wins CBA mandate

COMPANY RELEASE  |  WEDNESDAY, 29 APR 2009
The Bank of New York Mellon has been selected by Commonwealth Bank of Australia as the depositary bank for its American Depositary Receipt program. Each CBA ADR represents one ordinary share. The ADRs trade on the over-the-counter market under the symbol ...

Smaller funds lack risk reserves

MICHAEL HOBBS  |  TUESDAY, 28 APR 2009
A Mercer survey has revealed smaller super funds are less likely to have appropriate levels of operational risk reserves than larger funds, a survey found. An operational risk reserve is created by the super fund to provide immediate access to funds ...

AllianceBernstein wins Treasury mandate

RUTH LIEW  |  MONDAY, 27 APR 2009
AllianceBernstein has won a US Treasury mandate to manage assets issued by banks and other institutions involved in the Capital Purchase Program under the Emergency Economic Stabilisation Act. AllianceBernstein is one of three firms selected to manage ...

Market Wrap - Morning

AAP  |  FRIDAY, 24 APR 2009
The Australian share market is expected to open higher after US stocks gained overnight as financials gained on a strong profit result from PNC Financial Services. Gold miners are likely to gain after the price of the precious metal increased. At 0739 ...

AvSuper revamps death insurance

RUTH LIEW  |  WEDNESDAY, 22 APR 2009
The $1 billion aviation industry super fund AvSuper has introduced anti-detriment provisions to members' death benefits. Launched at the start of this year, AvSuper announced anti-detriment provisions will now apply to the death benefits paid to a spouse ...