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Ancestry.com snapped up in PE deal

BEN COLLINS  |  FRIDAY, 26 OCT 2012
... Spectrum Equity will remain an investor. Spectrum owns a 30% stake in the company. The company expects the deal to close early next year.

ANZ posts record profits

MARK SMITH  |  THURSDAY, 25 OCT 2012
... Australia and New Zealand. The ANZ result kicks off the banks' reporting season with NAB and Westpac's results due over the next couple of weeks. Chief executive Mike Smith said that China was now the bank's third largest market in terms of earnings. ...

Fed decides not to decide

BENJAMIN ONG  |  THURSDAY, 25 OCT 2012
... September. And when Wen gets what Wen wants (as we've always claimed), whether the Reserve Bank or Australia cut interest rates next month -- because the latest CPI data shows core inflation remained in the middle of is 2%-3% target band in the September ...

AIST champions more women on Super boards

MARK SMITH  |  WEDNESDAY, 24 OCT 2012
... Melbourne yesterday. Reynolds said AIST was encouraging all funds to move to gender diversity to at least 40% within the next five years, with current levels of women directors of not-for-profit funds at around 21%. "This research shows that the current ...

MLC adds three managers to new strategy

LINDA HAUSKEN  |  WEDNESDAY, 24 OCT 2012
... correlation strategy will bring greater diversification to the hedge fund strategy in MLC LTAR and take the Horizon Series to the next level. "The aim of the strategy is to generate returns for investors that are mostly independent of share market performance," ...

Bad everywhere news

BENJAMIN ONG  |  WEDNESDAY, 24 OCT 2012
... that Moody's downgraded 5 of the country's regions, or that the Bank of Japan is set to lower its growth outlook (again) next week. Never mind them, you, I and Irene always knew this. It's the earnings surprises that getting the equity markets' goose ...

Market wrap AM

AAP  |  WEDNESDAY, 24 OCT 2012
... and lowered 2012 outlook evidence of the slowing global economy. The company said it will cut around 1,500 jobs over the next 18 months. LONDON - European equities sank on fears over debt-riddled Spain after its central bank predicted a worsening recession ...

Market Wrap AM

AAP  |  TUESDAY, 23 OCT 2012
... opportunity to cash in after last week's advances, which came on the back of data indicating China's economy will pick up in the next three months. Tokyo ended Monday 0.09 per cent higher as late bargain-hunting wiped out the morning session's losses ...

Next-gen platforms cater for wealth management renaissance

ALEX DUNNIN  |  MONDAY, 22 OCT 2012
Rapidly evolving technology and how investors interact with it, accompanied by changing client expectations and regulatory reform is pushing platform developers to fundamentally review their offerings. Forcing the strategic rethink is the growing disconnect ...

BOQ not a takeover target: Grimshaw

BEN COLLINS  |  MONDAY, 22 OCT 2012
... worst," he said. "It won't be an instantaneous return to 2006-like bad debt expense levels, but we believe that within the next three years we will return to a level similar to that." He also said the cost of deposits was increasing. "We've actually ...