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Showing 5671 - 5680 of 6252 results for "December 29"

Manager-of-managers investing still on the rise

Cerulli Associates' fourth annual survey of the manager-of-managers market has found assets in multi-manager products increased by 32 per cent in 2004. The study, called Cerulli Quantitative Update: Global Multi-manager Products 2005, is based upon ...

Former NAB currency options trader jailed

Former head of the National Australia Bank's (NAB) foreign currency desk, Luke Duffy has been sentenced to 29 months imprisonment following three charges brought by the Australian Securities and Investments Commission (ASIC). The County Court of Victoria ...

CBA gets 452 Capital cut at last

Commonwealth Bank has finally acquired a 30 per cent stake in Peter Morgan's 452 Capital after initial negotiations broke down in March this year. Morgan will maintain his 50 per cent share and control of the group and co-founder Warwick Negus will ...

Record year pays-off for MacBank execs

Macquarie Bank yesterday announced a massive increase of 67 per cent in after tax profit to $823 million and an increase of over 50 per cent in total remuneration for its executive directors and its top five executives to $93 million. Pre-tax profit ...

ASIC documents and expands relief rulings

The Australian Securities and Investments Commission (ASIC) has released an updated report detailing its relief rulings given to financial service providers from certain provisions of the Corporations Act 2001, and has also issued a new class order ...

NAB's half year results on track

The National Australia Bank (NAB) has posted its half year results with cash earnings before significant items of $1.62 billion and after significant items of $2.439 billion. Those items included a $1.073 billion profit on the sale of Northern and National ...

Oz super assets approach $700 billion

The Australian superannuation industry is about to hit the $700 billion mark after total superannuation assets grew 7.2 per cent in the December quarter 2004 to $693 billion, according to the latest data released by the Australian Prudential Regulation ...

Federal Court reconsiders KordaMentha remuneration claim

Based on Australian Securities and Investment Commission (ASIC) submissions to a Federal Court of Australia review of a $2.856 million payment made to Stockford Administrators KordaMentha the Court has ordered a committee of inspection consider the ...

AXA's new fund looks at core of international equities

AXA has launched its new international equities fund called the Wholesale Global Equity Core Fund and aimed at providing long-term capital growth for its investors. AXA Rosenberg will be the manager of the fund. Rosenberg has over A$7 billion in funds ...

Macquarie increases its use of InfoComp

The Macquarie Bank Funds Management Group (FMG) will implement InfoComp's Composer product for its electronic fund administration needs and InfoComp's Conductor product for its messaging framework. The move follows the decision of the bank's Financial ...