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Market Wrap AM

AAP  |  THURSDAY, 23 OCT 2014
... measures and put off rate hikes to support global economic growth. London's benchmark FTSE 100 index climbed 0.43 per cent to close at 6,399.73 points on Wednesday, but sterling was under pressure after minutes from the latest Bank of England meeting ...

AMP creates global infra platform

JAMES FERNYHOUGH  |  TUESDAY, 21 OCT 2014
AMP Capital has created a global infrastructure platform by combining a new Global Infrastructure Fund with its existing Strategic Infrastructure Trust of Europe (SITE). Previously an open-end fund, SITE is now closed-end and will share its US$750 million ...

MySuper fees approaching KiwiSaver best practice

STAFF WRITER  |  TUESDAY, 21 OCT 2014
While there is lots of self flagellation over super fund fees in Australia, Australian fund fees may be closer to best practice than we realise. In a submission to the Financial Systems Inquiry (FSI) by the New Zealand Council of Financial Regulators ...

Market Wrap AM

AAP  |  TUESDAY, 21 OCT 2014
... the CAC 40 shed 1.04 per cent to 3,991.24 points. Frankfurt's DAX 30 index also fell 1.50 per cent compared to Friday's close to 8,717.76 points. The FTSE 100 has shed nearly nine per cent since its peak at the beginning of September, while the CAC 40 ...

AustralianSuper to double size of in-house investment team

JAMES FERNYHOUGH  |  MONDAY, 20 OCT 2014
... months, the $80 billion fund plans to add between 30 and 40 new staff to its in-house investment team, which already comprises close to 100 staff. By the end of 2015 it expects this figure to have risen to 150 - an almost doubling in size in 18 months ...

OneVentures Innovation and Growth fund raises $60m

JAMES FERNYHOUGH  |  MONDAY, 20 OCT 2014
Australian venture capital firm OneVentures has announced the first close of its Innovation and Growth Fund II after raising $60 million. The fund - which invests in healthcare, education, mobile, media, cloud computing and data, sensors and robotics ...

BNP Paribas' Peter Baker moves to Mercer Sentinel

JAMES FERNYHOUGH  |  MONDAY, 20 OCT 2014
Former BNP Paribas Securities Services managing director Peter Baker has been appointed the new head of Mercer Sentinel's Pacific team. The announcement comes just days after Baker informed BNP Paribas that he would be leaving his post as managing director ...

Jawbone collection

BENJAMIN ONG  |  MONDAY, 20 OCT 2014
... of the FOMC this year but he's the same guy who less than four months ago commented that, "markets don't appreciate how close Fed is to goals" and thus predicted rates liftoff by the end of the first quarter of next year. There was jawboning from that ...

Market Wrap AM

AAP  |  MONDAY, 20 OCT 2014
... eurozone tensions and the spreading Ebola virus. London's benchmark FTSE 100 index climbed 1.85 per cent compared to Thursday's close to end the week at 6,310.29 points. In Paris, the CAC 40 jumped 2.92 per cent to 4,033.18 points, while Frankfurt's ...

QE forever and ever

BENJAMIN ONG  |  FRIDAY, 17 OCT 2014
"Dead cat bounce" andA "Catch a falling knife." These phrases have crept back into financial market vernacular lately. We read and hear about these phrases mostly during phases when the financial markets are in a state of flux and/or heightened volatility ...