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Blackstone appoints senior adviser

LINDA HAUSKEN  |  MONDAY, 10 SEP 2012
Blackstone has named James Carnegie as senior adviser to the firm, based in Sydney. Prior to joining Blackstone, Carnegie was a partner with Archer Capital, a domestic private equity firm. In his new role, Carnegie will assume responsibility for the ...

Market Wrap - Morning

AAP  |  MONDAY, 10 SEP 2012
SYDNEY - The Australian market looks set to open higher, after Wall Street on Friday closed up on hopes disappointing US jobs data will lead to Federal Reserve economic stimulus measures. At 0740 AEST on Monday, the September share price index futures ...

Catch-all 'Alternative' label useless: Pengana

ALEX DUNNIN  |  FRIDAY, 7 SEP 2012
Increasing allocations to alternatives warrants a more meaningful classification over what comprises the sector, according to Pengana Capital. Russell Pillemer, Pengana Capital CEO, said when "alternative" allocations were small, reference to the ubiquitous ...

Market Wrap

AAP  |  FRIDAY, 7 SEP 2012
... later on Friday (AEST). The spot price of gold in Sydney was $US1,696.20 per fine ounce, down $US7.35 from Thursday's local close of $US1,703.55 per ounce. Making news on Friday, bottling company Coca-Cola Amatil (CCA) said it had completed its $58 million ...

Market wrap

AAP  |  FRIDAY, 7 SEP 2012
... meeting. Tokyo edged up 0.01 per cent, or 0.75 points, to 8,680.57 while Seoul advanced 0.38 per cent, or 7.21 points, to close at 1,881.24. Sydney rose 0.80 per cent, or 34.1 points, to finish at 4,312.9 after Qantas Airways jumped 6.67 per cent at ...

Former S&P head moves to Lonsec

MELANIE TIMBRELL  |  THURSDAY, 6 SEP 2012
... as a general manager. Erdonmez will take up the role of GM - managed funds research early next month when S&P is due to close its local research unit. Erdonmez will then assume responsibility for managing the team of analysts undertaking core managed ...

Changes sent packing

BEN COLLINS  |  THURSDAY, 6 SEP 2012
The separation between group and retail insurance will influence how superannuation funds package benefits for members in the future, said AIA Australia CEO Peter Crewe. Traditionally the two segments have been treated separately by insurers. But new ...

Market Wrap

AAP  |  THURSDAY, 6 SEP 2012
The Australian share market has opened more than half a per cent higher as investors find value in beaten-down stocks. At 1009 AEST on Thursday, the benchmark S&P/ASX200 index was up 27.9 points, or 0.65 per cent, at 4,306.7, while the broader All Ordinaries ...

Market Wrap - Morning

AAP  |  THURSDAY, 6 SEP 2012
... the market on Wednesday finished lower as concern about Chinese growth dragged down material and industrial stocks. At the close on Wednesday, the benchmark S&P/ASX200 index was down 24.7 points, or 0.57 per cent, at 4278.8, while the broader All Ordinaries ...

Solaris appoints insto inv specialist

LINDA HAUSKEN  |  WEDNESDAY, 5 SEP 2012
Australian equity fund manager, Solaris Investment Management has appointed Neale Goldston-Morris as investment specialist to represent the firm in the institutional investment market. Neal joins Solaris from Macquarie Securities where he held the role ...