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| | | Goldman Sachs & Co has paid the US regulator more than $620 million (US$550 million), the largest penalty ever levelled against a financial firm, for allegedly misleading investors regarding the deals behind its sub-prime mortgage product. Goldman Sachs ... |
| | | | Super fund members can look forward to an eight-page product disclosure statement (PDS) rather than 80, as new laws announced this week kick in. The new regulations are an important step forward to a new era in disclosure for fund members, said super ... |
| | | | International equities investment manager Global Value Investors has launched an unhedged version of its Global Industrial Share Fund (GISF). Head of investments at GVI, Roy Chen, said the new fund would provide greater choice for investors at both ... |
| | | | Dear Abby, I have a confession to make...I think I'm losing my horns and my tail is growing shorter. My body is slowly being covered with fur, what used to be hooves are now claws and I am getting an unusual craving for honey. OMG! I think I'm turning ... |
| | | | Local university endowment funds investments performed three times better than their US counterparts - a trend that looks set to continue as local institutions up the ante on alternative assets. According to a Mercer report that surveyed 27 institutions ... |
| | | | The Securities and Exchange Commission (SEC) has charged Goldman Sachs and one of its vice presidents for fraud relating to subprime mortgages. The SEC is charging Goldman Sachs for defrauding investors by mis-stating and omitting key facts about a ... |
| | | | Compulsory government annuities could widen the gap between the retirement payouts of low and high income workers, and some industry experts argue private sector annuities and longevity risk products offer better alternatives. IFSA, which commissioned ... |
| | | | The Australian stock market was in positive territory at noon supported by gains in the resources sector. At 1200 AEDT, the benchmark S&P/ASX200 index was up 13 points, or 0.27 per cent, at 4,910.3 points, while the broader All Ordinaries index had ... |
| | | | Peter Hall, chief investment officer at Hunter Hall, said value investors must revamp their approach and hold more cash reserves, focus on highly liquid stocks and lower expectations on absolute returns. Speaking at an investor presentation in Sydney ... |
| | | | The Australian share market was almost one per cent higher at noon, led by the major resources stocks, as BHP Billiton secured a coking coal contract and Arrow Energy received a takeover offer. At 1200 AEDT, the benchmark S&P/ASX200 index was up 42.2 ... |
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