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Market Wrap - Morning

AAP  |  MONDAY, 29 MAR 2010
The Australian stock market has received mostly positive leads from offshore markets, with Wall Street finishing higher and precious and base metals prices firmer, although oil prices were weaker. At 0735 AEDT, on the Sydney Futures Exchange, the June ...

Perennial gains intl insto mandates

MICHAEL HOBBS  |  THURSDAY, 25 MAR 2010
Perennial Investment Partners is attracting more investment mandates from offshore clients into its global property fund. Brian Thomas, head of retail funds management at Perennial, said the fund manager has focused on gaining more international investors ...

PIMCO Australia draws record $30bn FUM

MICHELLE BALTAZAR  |  WEDNESDAY, 24 MAR 2010
... giving rise to PIMCO head Bill Gross' oft-quoted phrase, the markets entering the 'new normal' in returns. Proof of the fund's top quartile performance, the Australian Focus Fund returned 9.5 per cent last year, more than double its benchmark's return. ...

Not-for-profits still beat retail: APRA

ALEX DUNNIN  |  WEDNESDAY, 24 MAR 2010
... Catholic Super with 6.1 per cent. The leading funds in the APRA tables are dominated by the not-for-profit sector with the top retail fund, Newcastle Permanent Building Society, coming in only 33rd place. The second best retail fund, Challenger, came ...

When old news is good news

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2010
... upward march nearly doubled - closing almost 1 per cent higher on the day - compared with the previous days' slow grind to the top. There's news that US President Obama signed into law America's healthcare reform bill. But wasn't Wall Street also cheering ...

Ready, steady, communicate

COMPANY RELEASE  |  TUESDAY, 23 MAR 2010
Members don't care about super until close to retirement - myth or fact? According to ESI Super, it is a myth as increasingly financially literate members look to their super funds as "partners" before, during, and after retirement. The $2.8 billion ...

Fundie backs strategy with own nest egg

MICHELLE BALTAZAR  |  MONDAY, 22 MAR 2010
... Conversely, he would also back companies which investors might declare too risky based on leverage. For example, one of the fund's top holding is a global beer company with higher-than-average debt. "People are throwing the baby out of the bathwater. ...

AMP Cap invests in clean tech private equity

PRESS RELEASE  |  MONDAY, 22 MAR 2010
AMP Capital Investors' Responsible Investment Leaders suite of funds have made an allocation to clean technology private equity assets through its balanced fund. The allocation has been made through a US-based clean tech private equity firm. "[This] ...

Instos lobby for Main Street

COMPANY RELEASE  |  MONDAY, 22 MAR 2010
... shouldn't do. Ira Millstein, senior associate dean for corporate governance at Yale and for many years corporate counsel to top US companies, commented that Dodd's corporate governance provisions were key. "Do have confidence in long-term shareholders ...

Market Wrap - Morning

AAP  |  MONDAY, 22 MAR 2010
The Australian share market has received negative leads from overseas, with Wall Street indices, metals and oil all closing lower. At 0701 AEDT on the Sydney Futures Exchange, the June share price index contract was 19 points lower at 4,873 points. ...