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Market wrap

AAP  |  WEDNESDAY, 11 MAR 2015
... group has issued a statement acknowledging a steep share price fall and confirming that a conference call was held between company executives, investors and analysts before the market opened on Wednesday. The statement says no additional information ...

How to get private equity returns from listed stocks

MARK SMITH  |  WEDNESDAY, 11 MAR 2015
... "Buyout funds are typically focusing on companies that have done very poorly. Private equity managers may think this is a company specific phenomenon but it could also be the case that the sector these companies belong to face challenges," explained ...

ASIC bans Charterhill director from financial services

ALEX BURKE  |  WEDNESDAY, 11 MAR 2015
... undischarged bankrupt, having applied for personal bankruptcy in July 2014. As a result of this ban, Nowak can no longer act as company director. This announcement follows ASIC's ongoing investigation into the Charterhill Group, which focused on property ...

ASX will cut clearing fees if monopoly extended

MARK SMITH  |  TUESDAY, 10 MAR 2015
... settlement. The Council's review is expected to be completed in the first half of 2015," ASX said in a statement. The company is discussing a new tiered clearing fee structure which will apply to all customers if a five-year extension to the current ...

JPM names head of product

MARK SMITH  |  TUESDAY, 10 MAR 2015
... of global funds services product for the region, a role she has held since 2012, but she also started her career at the company around 18 years ago. "I had a fantastic experience at JPM the first time around and I always felt it was somewhere I'd like ...

Spring lists on ASX

MARK SMITH  |  TUESDAY, 10 MAR 2015
Spring Financial Group has officially listed on the Australian Securities Exchange. According to the ASX, the company raised approximately $4,450,000 in its initial public offering. Spring provides financial planning, wealth management, insurance, superannuation ...

Advice M&A activity set to soar in 2015

LAURA MILLAN  |  MONDAY, 9 MAR 2015
... fluid in the advice space than any preceding period," Forte Asset Solutions said in its market commentary for 2014. The company, run by Steven Prendeville, assists advisers and dealer groups who want to buy or sell their businesses. Prendeville noted ...

Tasplan Super chief executive to stand down

MARK SMITH  |  FRIDAY, 6 MAR 2015
... and I know members will join with me in wishing him all the best." Cassidy is a Member of the Australian Institute of Company Directors and a Fellow of both the Association of Superannuation Funds of Australia as well as the Australian Institute of Superannuation ...

Nikko names new Australian managing director

MARK SMITH  |  THURSDAY, 5 MAR 2015
... that was put in place under Mike Davis," Nikko Asset Management president and chief executive Takumi Shibata said. The company, which was formerly known as Tyndall Asset Management, has transformed its Australian business from a domestic company specialising ...

Leveraged Equities shortens name

STAFF WRITER  |  THURSDAY, 5 MAR 2015
... Leveraged executive Alexandra Tullio said the re-brand was about more than formalising what people have been calling the company informally for years. "It's about evolution and celebrating the successful implementation of changes to the operation of ...