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Barrett in buyout mode, acquires CBA firm

LAURA MILLAN  |  MONDAY, 11 MAY 2015
... director Paul Barrett has acquired Commonwealth Bank-owned Eureka Whittaker Macnaught through his financial planning business AZ Next Generation Advisory (AZ NGA). This is the group's first acquisition, but Barrett confirmed that it is performing its ...

Market Wrap AM

AAP  |  MONDAY, 11 MAY 2015
... The report was much better than in March, but "was not so strong as to suggest the Federal Reserve may actually raise rates next month," he said. Many economists said the jobs data suggested the Fed likely would wait until September or later in its plan ...

Link Group moves up in Melbourne

DARREN SNYDER  |  FRIDAY, 8 MAY 2015
... see Superpartners' client funds transitioning onto Link's pension and superannuation business platform, aaspire, over the next two years. To lead the project, Link Group appointed former chief executive of IQ Group, Graham Sammells, as head of integration. ...

Next stop: US payrolls

BENJAMIN ONG  |  FRIDAY, 8 MAY 2015
To paraphrase Karen (Carpenter), "there's a kind of hush all over the world overnight". The violent upheaval in the bond and equity markets you, I and Irene witnessed over the past few days appeared to have eased. Perhaps, this is because the selling ...

AustralianSuper buys $370m stake in Boston building

LAURA MILLAN  |  WEDNESDAY, 6 MAY 2015
... now over $7 billion in assets and plans to have around 10% of the fund's assets allocated to property investments over the next three to four years.

Aviva launches first in range of new funds

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
Aviva Investors recently announced its next major play in the Australian fund market by launching its first product among what is going to be a multi-strategy range. The Aviva Investors Multi-Strategy (AIMS) Target Return Fund is aiming to deliver returns ...

Virgin and Mercer announce super partnership

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
Virgin Money Australia has announced the next step in the development of its superannuation fund. After appointing Greg Boyle as the company's chief executive last month, the company has entered a long-term partnership with Mercer. The partnership will ...

May cut, may not

BENJAMIN ONG  |  MONDAY, 4 MAY 2015
... RBA announcing no change in policy on 7 April. For sure and for 100% certain now, the RBA will cut interest rates at the next one - on the fifth of the fifth month of 2015. The release of higher-than-expected March quarter core inflation - trimmed mean ...

Market wrap

AAP  |  FRIDAY, 1 MAY 2015
... firmer after a media report suggested the Reserve Bank was now likely to cut interest rates at its May meeting on Tuesday next week, which also boosted financial market pricing for some monetary policy easing. "Again once, we've got that stimulus idea ...

Magellan ups cash weighting to 15%

LAURA MILLAN  |  FRIDAY, 1 MAY 2015
... interest rates. Douglass argued that there is a "Great Disagreement" as to where the US monetary policy will head over the next three years. While the Federal Reserve anticipates a normalisation of the economy and the monetary policy, the market is pricing ...