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| | | ... scale," said Ben Heap, head of UBS Global Asset Management, Australia and New Zealand. The acquisition of ING IM makes UBS a top ten player in Australia with $48 billion in funds under management, close to two thirds of which is on behalf of ANZ. |
| | | | The Australian market looks set to open higher, following the overnight trend of Wall Street. At 0630 AEST on Friday, the December share price index futures contract was up 14 points at 4,020. In economic news on Friday, the federal government releases ... |
| | | | ... according to German English newspaper, The Local - "The credit ratings agency Standard & Poor's warned Tuesday that Germany's top rating could be downgraded if Chancellor Angela Merkel's government decides to pour more money into the European bailout ... |
| | | | ... but carries the huge responsibility of managing T. Rowe Price's human capital, the people behind the group's consistent and top-quartile performance through the years. "If I had to rename my title to anything, it would probably be the chief culture officer ... |
| | | | ... some short covering also," he said. Australia's biggest gold miner Newcrest Mining, which was the worst performer among the top 50 companies at the close on Monday, rose $1.52, or 4.6 per cent, to $34.38. The spot price of gold in Sydney was $US1,627.8 ... |
| | | | ... its credentials, other cities are improving theirs more quickly. But first the good news. Australia has two cities in the top 20, Sydney at number 15 and Melbourne at number 18. Sydney's Global Financial Centre Index (GFCI) score has also increased 2% ... |
| | | | ... coming year, with activity among those with more than $1 billion under management significantly higher. But only 10 out of the top 38 US asset managers have achieved both high levels of awareness and favorability among institutional investors, Cogent ... |
| | | | Superannuation funds and asset consultants want hybrid longevity risk products on the market, according to a PIMCO research paper, in an effort to keep super members and address issues of ageing populations. Research paper, Addressing Longevity Risk ... |
| | | | ... fallen below parity with the US dollar. Australian deputy prime minister and federal treasurer Wayne Swan had been awarded the top gong by finance magazine Euromoney. In its press release, Euromoney stated that, "Swan receives his award for his careful ... |
| | | | ... Nasdaq Composite shed 52.05 points, or 2.01 per cent, to 2,538.19. Aside from the Fed's measures, Moody's downgraded three top US banks - Bank of America, Wells Fargo and Citigroup - as it sees the US government less willing than before to rescue them ... |
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