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Funds wrestling with liquidity problem

MARK SMITH  |  TUESDAY, 7 APR 2015
... the IFM Global Infrastructure Fund's winning bid of $7.45 billion to purchase the Indiana Toll Road may have exceeded the next highest bid by $1 billion. "Institutions know they are over-paying but they also know these contracts won't come around for ...

Market wrap

AAP  |  THURSDAY, 2 APR 2015
... lot of domestic pressure and will probably force the RBA's hand to cut rates." With the Reserve Bank's rate decision due next Tuesday, gains are primarily rising in the yield plays, Mr Shamu said. "These are the banks, the likes of Telstra - all the ...

Super breaks $2trn on way to $9trn

ALEX DUNNIN  |  THURSDAY, 2 APR 2015
Superannuation has now passed through $2 trillion and is well on its way to exceeding $9 trillion over the next 20 years, according to new research released by Rainmaker. While official figures are yet to confirm the $2 trillion marker has been crossed ...

The RBA not in full control of dollar-A

BENJAMIN ONG  |  THURSDAY, 2 APR 2015
... again, I see that the A$'s back up above US$0.7600 this very second. Some wavering about that 72% conviction for a rate cut next Tuesday, perhaps? Perhaps. Perhaps. Perhaps. But the Australian exchange rate's 2015 short history shows that the A$ just ...

RBA rate cut: earlier and more

BENJAMIN ONG  |  WEDNESDAY, 1 APR 2015
... was what I typed on this space seven days ago. Yes Virginia, 'twas about the when the Reserve Bank of Australia (RBA) would next cut the official cash rate which it unexpectedly left unchanged at its March Board meeting after unexpectedly cutting it ...

FSI submissions close

DARREN SNYDER  |  TUESDAY, 31 MAR 2015
... their thoughts on the government's 44 recommendations that "are to serve as a blueprint for the financial system over the next decade." Among the recommendations is a call for all superannuation funds to have a majority of independent directors and aligning ...

Industry bodies respond to Hockey's tax debate

ALEX BURKE  |  MONDAY, 30 MAR 2015
... industry sector in the Australian economy, is more than willing to help formulate policy and advocate for this important next tranche of reform of our tax system." While broadly supportive of existing concessional tax treatments for superannuation - ...

2015: a lift year

BENJAMIN ONG  |  MONDAY, 30 MAR 2015
... during previous recoveries could well provide a highly misleading guide to the actual course of monetary policy over the next few years." And so there we have it folks, lift-off begins "sometime" in 2015, additional lifts would come "gradually" and gently ...

From the mouths of Feds

BENJAMIN ONG  |  FRIDAY, 27 MAR 2015
A small minus one day, a tiny loss the next and you'll be forgiven for barely noticing that the US stock market had been steadily losing ground all week. But add them all together and they equal something to email your momma about. All up, the S&P 500 ...

Treasury Group CEO to step down

LAURA MILLAN  |  THURSDAY, 26 MAR 2015
... with Northern Lights provides scale, earnings diversification and enhanced distribution capabilities which will underpin the next phase of development for the combined business," McGill said. As a consequence of McGill leaving, Joseph Ferragina will ...