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State Street retains position as largest institutional manager

... enhanced indexing, and across multi-asset classes." State Street also retained its lead for the sixth consecutive year as the top manager of institutional tax-exempt assets in the United States with assets of US$509 billion ($807.94 billion).

Afternoon market wrap: All Ordinaries edge lower

... spiral as its share price closed at $4.77 down $0.06. The banking sector closed on a rather lacklustre note with several of the top bank share prices falling slightly. All Ordinaries: 2979.80 (-3.8) Dow Jones: 8711.18 (-81.94) NASDAQ: 1574.95 (+11.71) ...

Advance appoints Kneen as head of distribution

... announced today. "Kneen joins us at a crucial time for growth at Advance," Mulligan said. "Our flagship products are among the top-performing and top-rated products in their respective classes, and the mission now is to grow our funds under management ...

CSR's Kirby to join Macquarie Bank board

... listed companies-Rinker Group Limited and CSR Limited. "Mr Kirkby preside over CSR's transformation into one of the world's top ten building material groups in five years, culminating in its successful demerger into two independent, listed companies," ...

Investment style distinction "increasingly muddled": InTech

... performance during April revealed a mix of both value and growth managers, indicating that style was not an influential factor. The top performers were Dimensional (with a return of 6.3 per cent), Perennial Growth (5.7%) and Portfolio Partners (5.4%). ...

Sherry urges Costello to "come up to speed on super"

... diversionary superannuation tactics, criticising plans by the Government to cut super surcharge as measure that "applies to the top four per cent of taxpayers". He also said that the Government is yet to push proposals allowing contribution splits for ...

Westfield offers $1.9 billion cash for AMP Shopping Centre Trust

... announced on March 18, a 28.6% premium to ART's reported net tangible asset backing per unit as at March 31, and was at the top end of Deloitte Touche Tohmatsu's valuation range of ART as expressed in its independent expert's report in the ART target ...

Value outperforms growth, but no time to switch: Mercer

... managers will see better results. It also warned investors against switching from a growth manager to a value manager. The top overseas value fund manager is Acadian Global Equity with returns for the year being -20.5%, while ABN AMRO Global Equity brought ...

Crean comes out firing on super, corporate governance

... credentials as party leader. "Labor will double current penalties when executives break corporate law," Crean said. "We will force top executives to further disclose their pay packages in full, including their share options. We will strengthen Australian ...

Master funds and wrap platforms dominate retail inflows: Assirt

... were $15.4 billion increasing the total size of the total platform market to $155 billion. Assirt said National/MLC was the top provider of master funds and wraps with $35 billion under management but also suffered an outflow of $148.81 million, the ...