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Showing 4561 - 4570 of 7101 results for "June 2011"

INGIM cuts jobs before takeover

ELISE BURGESS  |  WEDNESDAY, 21 SEP 2011
ING Investment Management is cutting staff numbers in the lead up to its takeover by UBS Asset Management, with estimates at 36 staff cuts to date. Notice of potential job cuts was given back in June when news of the takeover was announced, with the ...

Global forecast downgraded, Australia strong

RACHEL DAVIS  |  WEDNESDAY, 21 SEP 2011
The IMF's September World Economic Outlook has downgraded its global growth forecasts but has predicted that the Australian economy will grow by 3.3% in 2012, with its forecast for global advanced economies at only 1.9%. The IMF's September World Economic ...

QIC funds head departs amid restructure

MATT WOODINGTON  |  TUESDAY, 20 SEP 2011
QIC is to change the management structure of its funds management business, which will see the current head Hazel McNeilage depart the company by the end of the year. McNeilage's current position, head of funds management, will be dissolved with separate ...

Manager tenure impacts success: S&P

ELISE BURGESS  |  MONDAY, 19 SEP 2011
In a study of long-only Australian equity funds, Standard & Poor's found the duration a portfolio manager remains with a fund manager is influential on the success of the fund itself, with consistent returns being a main benefit. In its report 'Portfolio ...

Dangerous currents

BENJAMIN ONG  |  FRIDAY, 16 SEP 2011
Now that's what I'm talking about. See what a little concerted, decisive action does. Global equity markets rallied following news that the European Central Bank, in coordination with the US Federal Reserve, the Bank of England, the Bank of Japan and ...

Market Wrap - Morning

AAP  |  FRIDAY, 16 SEP 2011
NEW YORK - US stocks got a boost Thursday despite poor domestic economic data after major central banks joined hands to ensure US dollar liquidity to Europe's embattled banks. In positive territory for the fourth day in a row, the Dow Jones Industrial ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 14 SEP 2011
The Australian market looks set to open modestly higher, following in the footsteps of US stocks. At 0703 AEST on Wednesday, the September share price index futures contract was up four points at 4085. In economic news on Wednesday, the Westpac/Melbourne ...

FUM market slides back to $1.4tr

ALEX DUNNIN  |  TUESDAY, 13 SEP 2011
Funds under management overseen by investment managers slid back 1.7% during the June quarter to come to rest at $1.411 trillion, the first negative growth quarter since the same time last year. The slow growth dampened 12 month FUM growth to 5.3% ...

ASIC warns CFOs after Westpoint sentencing

MATT WOODINGTON  |  MONDAY, 12 SEP 2011
The Australian Securities and Investments Commission reminded the industry of its legal responsibilities after former Westpoint chief financial officer Graeme Rundle received an 18-month suspended sentence. Rundle, found guilty of two counts of making ...

Future Fund not for sale: Wong

ELISE BURGESS  |  MONDAY, 12 SEP 2011
The Gillard Government has quickly shut down Opposition allegations that it was planning to withdraw funds from the Future Fund, clarifying its actions and criticising the Liberal party's lack of understanding. The Government's predicted revenue from ...