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Showing 5941 - 5950 of 9320 results for "Red"

Australian Ethical pays out $300k in redundancies

JAMES FERNYHOUGH  |  THURSDAY, 12 SEP 2013
ASX-listed retail super fund Australian Ethical will make a number of employees redundant following a "substantial reduction" of its Canberra office. In a release published on the ASX website, Australian Ethical chief executive Phil Vernon said, "The ...

NGS Super rethinks ESG as green option flops

JAMES FERNYHOUGH  |  WEDNESDAY, 11 SEP 2013
NGS Super is launching a new socially responsible investment option that will screen out tobacco, armaments and pornography, after its green shares option failed to attract sufficient interest. NGS Super chief executive Anthony Rodwell-Ball said that ...

Esemplia write-down almost complete

MARK SMITH  |  WEDNESDAY, 11 SEP 2013
US fund manager Legg Mason is close to completing the Australian portion of its write down of struggling emerging market subsidiary Esemplia. Legg Mason Australia head of marketing communications Anthony Pesutto said redemptions for one last "major" ...

EM correction, it's different this time

ALEX DUNNIN  |  WEDNESDAY, 11 SEP 2013
Despite the recent shake out in emerging markets due to the rebounding USD, the stronger ones are positioned fundamentally differently to how they were in 1997 and should absorb this latest correction. US Federal Reserve Chairman Ben Bernanke repeatedly ...

Elders to axe 10% of workforce

LAURA MILLAN  |  TUESDAY, 10 SEP 2013
Elders will cut 10% of its workforce as part of a business reorganisation which aims to cope with the operating costs of several initiatives that the group has undertaken over the previous years. It is still unclear if the Elders financial planning ...

Could ASIC become the SMSF regulator?

JAMES FERNYHOUGH  |  TUESDAY, 10 SEP 2013
... inappropriate management." However, she said the proliferation of SMSFs makes their regulation an enormous job. "One of the red flags at the moment is this rush to property in SMSFs and its appropriateness. Property is not necessarily a liquid investment ...

ASIC finds hedge funds pose no systemic risk

MARK SMITH  |  TUESDAY, 10 SEP 2013
Australian hedge funds do not currently pose a systemic risk to the Australian financial system, a new ASIC report has found. The regulator also found that qualifying hedge funds in the survey also use low leverage and appear to have adequate liquidity ...

Hedge fund industry calls for consistent global regulatory framework

MARK SMITH  |  TUESDAY, 10 SEP 2013
Global hedge fund industry body, the Alternative Investment Management Association (AIMA) has called for greater consistency in in global regulations governing the industry in its newly published statement of policy principles. The paper builds on a ...

Industry backs Cormann as Superannuation Minister

LAURA MILLAN  |  MONDAY, 9 SEP 2013
Major financial services bodies are throwing their support behind Mathias Cormann, asking for him to be appointed Minister of Superannuation and Financial Services in the new Government. "I've only ever asked one thing of Tony Abbott and Joe Hockey ...

Hedge funds fear 'draconian' disclosure rules

JAMES FERNYHOUGH  |  MONDAY, 9 SEP 2013
Superannuation funds could find themselves locked out of the best international private equity and hedge funds if the government's "draconian" portfolio holdings disclosure requirements go through unamended, representatives of the alternative investment ...