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The disappearing act of lose-lose funds

MICHELLE BALTAZAR  |  FRIDAY, 2 JUL 2010
... released a new study that revealed how investors representing US$29.1 trillion of funds plan to grow their business in the next three years. The study, commissioned by Citi's Global Transaction Services and Principal Global Investors, is a better gauge ...

Down on old news

BENJAMIN ONG  |  THURSDAY, 1 JUL 2010
... its growth prospects and the achievement of its target of trimming the budget deficit to 6 per cent of GDP by the end of next year from 11.2 per cent in 2009. Uncertainty??? Moody's is still unsure that Spanish economic growth will deteriorate? Moody's ...

Senior exec moves at AMP and RARE

RUTH LIEW  |  WEDNESDAY, 30 JUN 2010
... joined AMP Capital Investors - while Charles Hamieh, AMP senior analyst, global infrastructure securities, moves to RARE next month. AMP Capital Investors has welcomed three RARE researchers to its folds, including senior analysts Sarah Shaw and Tim ...

Accountants boost AU planner business

COMPANY RELEASE  |  WEDNESDAY, 30 JUN 2010
... has established more than 50 relationships with accountants during the last year, and plans to add 130 more by the end of next year to boost planners' business. The arrangements see accountants refer their clients to Australian Unity planners and mortgage ...

EOFYS

BENJAMIN ONG  |  WEDNESDAY, 30 JUN 2010
... fact, a moderation is possible. This correction also supports the same view." Get it? China is moderating not collapsing. Next ugly contender step up please. Japan's unemployment rate rose to 5.2 per cent in May - the third consecutive month of increase. ...

Westpac gives employees 12 months super pay

COMPANY RELEASE  |  TUESDAY, 29 JUN 2010
Westpac has unveilled plans to pay superannuation on unpaid parental leave for all permanent employees, starting next month. In a press statement released today, the bank announced it would pay up to 39 weeks in employee super contributions, in addition ...

Waiting

BENJAMIN ONG  |  TUESDAY, 29 JUN 2010
... to financial markets in July seeking to raise around 4.56 billion euros to refinance the short-term borrowings that mature next month. This will be its first attempt to borrow since the EU/IMF announcement of the 750 billion euro bail out fund. The auction ...

Centrepoint and PIS merger agreement changed

MICHAEL HOBBS  |  MONDAY, 28 JUN 2010
... Centrepoint returns 2.5 cents a share to each of its shareholders. The date of the merger has also been set for 1 January next year to provide time to complete shareholder meetings and sell a property asset. The original merger date was expected to be ...

Cbus CONNECT merger goes ahead

MEDIA RELEASE  |  MONDAY, 28 JUN 2010
... released a statement noting the due diligence is now complete and both funds are transitioning to a single entity over the next three months. "There is a natural fit for the two funds coming together," Cbus chair Steve Bracks said. CONNECT chairman Mac ...

How the wealthy invest their money

RUTH LIEW  |  FRIDAY, 25 JUN 2010
... global average was 18 per cent versus their Asia-Pacific counterpart's allocation of 28 per cent. The report predicts that next year, many HNW investors will once again shift their funds into equities and alternative investments. Behavioural investing ...