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Market Wrap - Morning

AAP  |  MONDAY, 16 AUG 2010
The Australian share market has received overall negative leads from offshore trading over the weekend. Wall Street indices were slightly lower, and most metals and oil also were down. European markets were middling. At 0721 AEST on the Sydney Futures ...

Direct property a beacon for instos

RUTH LIEW  |  THURSDAY, 12 AUG 2010
... meters. The other two acquisitions include Nasu Outlet Mall in Japan, also by the LaSalle Asian Opportunity Fund III, and the sale of Ibis Singapore on Bencoolen Street by the LaSalle Asian Opportunity Fund II. "After two tough years following the global ...

FSC launches trustmark for consumers

RUTH LIEW  |  THURSDAY, 12 AUG 2010
AMP, AXA, Colonial First State and ING are among the Financial Services Council members that will have to comply with a new set of standards set by the FSC, following the launch of its consumer-centric "trustmark". The FSC trustmark was launched today ...

Market Wrap - Morning

AAP  |  THURSDAY, 12 AUG 2010
The Australian market has received strong, negative leads from offshore trading overnight, with key market indices all down heavily, oil dropping and only gold amongst key metals showing a rise. At 0710 AEST on the Sydney Futures Exchange, the September ...

The Fed did it

BENJAMIN ONG  |  THURSDAY, 12 AUG 2010
Ouch! Now that hurt didn't it? Of course it did. The S&P 500 index dropped by 2.8 per cent, the Dow fell by 2.5 per cent and the Nasdaq declined by 3 per cent. Not a good night overall. But why am I not surprised? As I've written just two days ago ...

AMP hires sales execs for IFAs

RUTH LIEW  |  WEDNESDAY, 11 AUG 2010
AMP has appointed seven new people to its IFA Protection team in response to more demand for its enhanced risk offer in the IFA channel. Dan Powell, director IFA and alliance distribution said the appointments allows the firm to meet the increased demand ...

Balmain offers $295m to City Pacific investors

RUTH LIEW  |  TUESDAY, 10 AUG 2010
BalmainTRILOGY (BT) is aiming to return $295 million to embattled unitholders of the Pacific First Mortgage Fund. BT, which took over the management of the City Pacific First Mortgage Fund more than a year ago, said it is now in a position to start ...

INGIM hires southern region manager

COMPANY RELEASE  |  TUESDAY, 10 AUG 2010
... groups and platforms. It also follows the hiring of Jim McKay as its head of wholesale business back in May of this year. "The sale of ING Group's holding in the ING Australia joint venture to ANZ Bank in late 2009 has resulted in INGIM being able to ...

Macq fills gap in mid-tier planning consultancy

RUTH LIEW  |  MONDAY, 9 AUG 2010
... business strategy and marketing, human resources and back office efficiency. It will also assist in getting firms ready for sale and improving revenue and profitability. "We are going through a period of unprecedented change in the financial services ...

Scale a key issue in multi-management

RUTH LIEW  |  FRIDAY, 6 AUG 2010
More financial planners are taking funds management in-house, but a key fund manager predicts the multi-manager trend won't be a 'category killer' due to scale issues. Matt Mckinnon, general manager - retail sales Australian equities at Perpetual, acknowledged ...