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| | | London-based Man Group has bought one of the biggest alternative asset managers in the world, GLG Partners, which manages more than $27 billion in client funds. GLG provides 40 funds across equity, macro, emerging markets, credit and convertible bond ... |
| | | | The Australian stock market has received a mostly positive lead from offshore markets during weekend trading, after Wall Street finished firmer and the benchmark copper futures contract closed higher. Gold, silver and oil prices were weaker, however. ... |
| | | | ... time an Australian aggregation model has offered its brokers the potential to share the financial benefit of any potential sale or listing of the business." But Mitton explained this new arrangement is not quite what it seems. "Brokers normally earn ... |
| | | | The Australian share market looks set to fall when it opens on Wednesday after Wall Street resumed its slide due to the falling value of the euro. At 0746 AEST on the Sydney Futures Exchange, the June share price index contract was 52 points lower at ... |
| | | | Australian Unity Investments has appointed Damen Purcell as head of retail distribution, Daniel Thomas as head of health sales in its retail arm, and Ciaran McAssey to the newly created role of head of institutional sales. Purcell, previously state ... |
| | | | ... cent, at 3,170.74 after opening down around eight points. Turnover of $NZ87.2 million ($A69.73 million) was boosted by the sale of 10 million shares in New Zealand Farming Systems Uruguay. Brokers speculated the vendor was the receiver of Rural Portfolio ... |
| | | | The Australian stock market is set for a weak opening after European markets and Wall Street suffered sharp falls in their last sessions on continuing concerns about European economies. At 0724 AEST on the Sydney Futures Exchange, the June share price ... |
| | | | AXA Australia has launched the phase of its North product that guarantees income in retirement. Adrian Emery, manager of sales and marketing at AXA Australia, said the financial planning industry has mainly focused on accumulating assets for baby boomers ... |
| | | | Telstra scooped a three-year, $4.5 million contract to provide telecommunications products and services to ME Bank, an agreement signed as the bank, which was founded to serve industry fund members, embarks on a major expansion program. In February ... |
| | | | ... around $13 billion of FUM, including in fixed income and international equities, to Aberdeen Asset Management last May. The sale to Aberdeen involved part of Credit Suisse's Global Investors asset management business. The remaining Credit Suisse funds ... |
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