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Dewhurst to head Legg Mason's global expansion

... and distribution units throughout Europe, Asia and the Americas. Before joining Legg Mason, Dewhurst was chief executive at top-ranked fund manager I00F from 2004 to 2007. Prior to that, he held various roles at J.P. Morgan including head of Asian equities ...

JPMorgan Chase launches IPO STRATAS

MICHAEL HOBBS  |  MONDAY, 4 FEB 2008
... Global Index (IPOX 30) and the S&P 500 and includes principle protection if held for five years. IPOX 30 provides access to the top 30 largest and most liquid IPOs listed on a developed markets exchange. The structured product capitalises on bull market ...

Market Wrap - Morning

AAP  |  FRIDAY, 1 FEB 2008
... straight day, knocked by a slew of bad news ranging from China's weather-related problems to possible credit downgrades of top US bond insurers. The Hang Seng Index closed down 0.8 per cent, or 197.95 points, at 23,455.74 for a monthly loss of 15.7 per ...

Market wrap - midday

AAP  |  THURSDAY, 31 JAN 2008
... stocks fell on Wednesday, led by financial shares, on a media report that America's two biggest bond insurers would lose their top credit rating, a move that could bring more big losses to the financial sector. The media speculation by a CNBC reporter ...

Investors swarm to Asian hedge funds

RUTH LIEW  |  THURSDAY, 31 JAN 2008
The Asian hedge funds industry continues to expand exponentially as investors flock to pour more than $12.4 billion into the market last year. New data by global hedge fund research house, Hedge Fund Research (HFR), show assets in the Asian hedge industry ...

Market Wrap - Morning

AAP  |  THURSDAY, 31 JAN 2008
... Yesterday, Australian shares fell 1.71 per cent, slipping for a second day on niggling doubts about credit quality at the top banks. The S&P/ASX200 index fell 97.8 points, or 1.71 per cent, to 5618.7, and the All Ordinaries dropped 89.2 points, or 1.55 ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 30 JAN 2008
... the red, by late afternoon, the Nasdaq Composite Index was up 8.15 points, or 0.35 per cent, at 2,358.06. LONDON - Britain's top shares surged 1.7 per cent in a global rally, as banks and miners forged higher and investors bet the US Federal Reserve ...

Market Wrap - Morning

AAP  |  FRIDAY, 25 JAN 2008
... 550.90 points to finish at 23,539.27 WELLINGTON - NZ stocks rebounded 1.2 percent following gains on Wall St. The benchmark top-50 index climbed 43.3 points to 3658.6

Market Wrap - Morning

AAP  |  THURSDAY, 24 JAN 2008
... rate cut boosted but stocks but lingering recession fears led investors to dump stocks late in the session. The benchmark top-50 share index added 8.16 points to 3615.30.

Industry funds biggest losers from switching

RUTH LIEW  |  TUESDAY, 22 JAN 2008
Industry super funds reaped the least switching gains at the end of last year, as they reported for the first time a negative net share of superannuation switching behaviour, a new survey by Roy Morgan shows. During the six months leading up to September ...