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Market wrap

AAP  |  THURSDAY, 27 APR 2006
... 16,672.66. WELLINGTON - The New Zealand sharemarket surged higher in post-holiday trading today, led by a 1.6 per cent rally in top stock Telecom. The benchmark NZSX-50 gross index climbed 1.4 per cent, or 50 points, to 3760.41, while the NZSX all capital ...

Super funds keep tills ringing at Harris Alternatives

... returns, the fund of hedge funds (FOHF) sector has its critics because the fund management company adds an extra layer of fees on top of the fees already charged by the individual fund managers. But West argued, "It's the price you're paying to reduce ...

S&P to rate its raters

... fund manager movements in the big firms including Colonial First State and Merrill Lynch Investment Management (MLIM). On top of that, the mounting sums of superannuation money going into alternative investments and international property and equity ...

Asgard flags plan to step ahead of competitors

... rapidly grown with the managed funds business alone growing from less than $5 billion to $35 billion since 1998. But to stay on top of the game, she said they needed to make some changes including improvements to AdviserNET and placing more focus on ...

Market wrap

AAP  |  THURSDAY, 20 APR 2006
... some worries about inflation. Tech shares scored the strongest gains. Yahoo jumped 7.2 per cent and was among the Nasdaq's top advancers as investors were relieved that the world's largest Internet media company kept its outlook for the year and its ...

Market wrap

AAP  |  WEDNESDAY, 19 APR 2006
... or 1.74 per cent at 1307.65. The Nasdaq Composite Index was up 44.98 points or 1.95 per cent at 2356.14. LONDON - Britain's top share index rose, with record oil and metals prices supporting the natural resources sector, but some analysts warned that ...

Call for personal tax cuts to plug company tax loophole

KATE HAGE  |  TUESDAY, 18 APR 2006
A push to cut top income tax rates was flagged this week as the Board of Taxation chairman, Dick Warburton, said such a reduction would stop people channelling personal income into company coffers. Warburton recently co-authored a report comparing Australia's ...

Health Super achieves its RSE

ALEX DUNNIN  |  TUESDAY, 18 APR 2006
... as an attractive alternative for corporate trustees." Health Super's default investment option is currently ranked in the top 5 per cent of all super funds, while its top performing balanced options also has a very strong performance record, also ranking ...

AMP stalwart tipped to replace Genesys MD

KATE HAGE  |  THURSDAY, 13 APR 2006
... in the near future, adding "I am staying on at Genesys, I am not leaving and I have no plans to retire." The re-shuffle in top management follows the merger of Genesys and Challenger last year. The spokesperson said Challenger will now aim to grow the ...

Aon buys private insurance broker Freeman McMurrick

... valuations and business interruption analysis, while Aon will likely benefit from McMurrick's existing relationships including with top UK insurer Lloyds of London. The combined Aon/Freeman McMurrick wholesale business will be called 'Aon Freeman McMurrick' ...