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Diamonds are a fund's best friends

ALISON BEVEGE  |  TUESDAY, 24 MAY 2011
... manager. The first subscription of $100 million is to be raised later this year with a second tranche of $150 million on offer next year subject to market conditions. The second investment manager to provide a diamond offering is US-based Covenant Financial ...

Judgment Day bargains

BENJAMIN ONG  |  TUESDAY, 24 MAY 2011
... Forgive me but as an aside, I find it funny how weak Chinese stats are given a positive slant one month and a negative one the next. To complete the whole "Doomsday" picture of course we have indications of slowing growth in the US and confirmation that ...

Bear have no fur

BENJAMIN ONG  |  MONDAY, 23 MAY 2011
... Here are his thoughts - and mine. Take it away Danny: "...here are seven reasons U.S. indices could lose 20% or more in the next two months." "Conclusion of QE2. Marc Faber, Austrian economist and leading market forecaster, aptly likens fiscal policy ...

Market Wrap - Morning

AAP  |  FRIDAY, 20 MAY 2011
... benchmark Hang Seng Index gained 152.24 points to 23,163.38 on turnover of HK$63.15 billion ($A7.65 billion). Analysts expect the next few sessions to be muted as investors stay away ahead of key economic data, including the release of a US unemployment ...

Avoca patient on industrials evolution

MATT WOODINGTON  |  THURSDAY, 19 MAY 2011
... assessing how things will look once things like interest rates and consumer spending normalise and if conditions are bad for the next three years, it doesn't stop us investing in a sector if we see value there," said Campbell. The former UBS managers ...

No minute message in FOMC minutes

BENJAMIN ONG  |  THURSDAY, 19 MAY 2011
... detailed the actions they're going to take in acting towards normalising money policy settings. Following the end of QE2 next month, they'll stop reinvesting principal payments from agency debt and agency mortgage-backed securities and return to holding ...

Merged planning group to meet new client needs

MATT WOODINGTON  |  WEDNESDAY, 18 MAY 2011
... Eluvia will offer fee for service advice, with ten advisers already in place and plans to add at least four more within the next year, using its connections with AMP Horizons to source new talent. Eluvia plans to add one more adviser in the employer ...

Russell appoints index director

MATT WOODINGTON  |  WEDNESDAY, 18 MAY 2011
... range of indexed products. Russell said it plans to bring several new customised indexes to the Australian market in the next year. "From conversations with clients it's become clear that now is the time to bring Russell's index capabilities to the local ...

Bank profits exceed 25 per cent

ALISON BEVEGE  |  WEDNESDAY, 18 MAY 2011
... with Westpac leading the pack at $274.8 billion of housing loans, both owner-occupied and investment. The Commonwealth was next with $253.4 billion, National Australia Bank at $161.7 billion followed by ANZ with $154.5 billion. The APRA Quarterly Bank ...

Nobody wins against the Fed

BENJAMIN ONG  |  WEDNESDAY, 18 MAY 2011
... Board meeting minutes - telling us, Australians all, that "higher interest rates were likely to be required at some point." Next we head up north to Japan. Here, we'll hear Bank of Japan Governor Masaaki Shirakawa warning that the country is in a "severe ...