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AVCAL appoints new chair

RACHEL DAVIS  |  WEDNESDAY, 15 FEB 2012
... Council. Brown, who has been a Member of the Council for the past three and a half years, formally takes over the role at the next Council meeting. Brown replaces industry stalwart Andrew Rothery who has held the chairmanship for the past three years. ...

Cheque's not yet in the mail

BENJAMIN ONG  |  WEDNESDAY, 15 FEB 2012
... prepare the ordinary meeting of the Eurogroup on Monday, 20th February 2012." So there, the can has been kicked further down to next week and perhaps to the week after or until ten seconds to midnight of 20 March when Greece's a,-14.5 bil bond is due ...

Synchron NextGen success firm expands to Sydney

MELANIE TIMBRELL  |  TUESDAY, 14 FEB 2012
Synchron's Melbourne-based private wealth management firm, Wealth Enhancers is recruiting for their new Sydney-based boutique office to be headed by former UBS equity trader Wade Tink. Tink, a graduate of Synchron's NextGen program, left UBS to join ...

Market Wrap - Morning

AAP  |  TUESDAY, 14 FEB 2012
... $US3.8 trillion ($A3.57 trillion) spending plan for 2013 that seeks to achieve $US4 trillion in deficit reduction over the next decade but does little to restrain growth in the US government's huge health benefit programs, a major cause of future deficits. ...

Instos face debate on EM strategy

MELANIE TIMBRELL  |  FRIDAY, 10 FEB 2012
... default, but I'm judged by my clients in terms of my variation versus the debt benchmark and if they don't default in the next year, I'm going to be missing out on clipping that coupon and having my principle at the end of the year, so I could really ...

Volatility is MIA

BENJAMIN ONG  |  FRIDAY, 10 FEB 2012
... Survey - it "measures the percentage of individual investors who are bullish, bearish, and neutral on the stock market for the next six months". The latest one, dated 8 February 2012, show 51.6% of respondents are bullish, 28.2% neutral and just 20.2% ...

Fears Volcker Rule will hit sovereign bond trading

ALEX DUNNIN  |  THURSDAY, 9 FEB 2012
... Exchange Commission. The legislation is now up for public consultation with the consultation window being extended until next week. Contributing to the extension are fears among central banks around the world that if the Volcker Rule does not exempt ...

Adviser obligations need to be institutionalised: AFA

MELANIE TIMBRELL  |  WEDNESDAY, 8 FEB 2012
... about what was needed to raise the standards of the profession. The AFA is due to release Principles of Practice over the next month which will then be sent for syndication and consultation to a number of members. Describing the landscape as a "battleground," ...

IFM wins $500m CalSTRS mandate

ELISE BURGESS  |  WEDNESDAY, 8 FEB 2012
... cash-yielding, inflation-hedged infrastructure investments. A second tranche of $200 million is expected to be invested within the next 18 months. Brett Himbury, IFM chief executive, said CalSTRS was their ideal investment partner for IFM's collective ...

Trio super victims receive compensation

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... Capital before its collapse. The government said the money would be "progressively credited" to the members' accounts over the next two weeks. "This is a good outcome for the 5,358 people in APRA regulated funds who were defrauded of their superannuation ...