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| | | The Australian stock market was firmly in the red on Thursday following big losses in the financial and material sectors. At 1200 AEDT, the benchmark S&P/ASX200 index was down 89.4 points, or 1.91 per cent, at 4,595.7, while the broader All Ordinaries ... |
| | | | ... American Chamber of Commerce in Australia function in Melbourne. On Wednesday the Australian share market closed firmly in the red after bank stocks led a broad sell-off. The benchmark S&P/ASX200 index fell 68.4 points, or 1.44 per cent, to 4685.1 points ... |
| | | | ... Media Holdings Ltd, Country Road Ltd and Macquarie Media Group. On Tuesday the Australian share market closed firmly in the red on a weaker materials sector and profit-taking. The benchmark S&P/ASX200 index was down 76.8 points, or 1.59 per cent, at ... |
| | | | Effective this week, investors in the Mortgage Income Trust (MIT) of Australian Unity Investments (AUI) withdraw up to two percent of their total investment in the Trust each month or $2,000 - up from the previous cap of one per cent. AUI will also ... |
| | | | Dutch banking and insurance giant ING plans to dispose its insurance and investment businesses over the next four years to shore up its balance sheet and repay its government debt. In a company statement released overnight, the group revealed a massive ... |
| | | | Asset consultant Frontier, which has $91 billion in funds under advice, has sent a letter last week to all the external fund managers of its super fund clients to consider charging flat dollar fees, instead of asset-based fees, on their investment mandates. ... |
| | | | Super funds should not be forced to invest in government infrastructure projects because it could undermine member confidence in funds, according to Suncorp Life's Cooper Review submission. Suncorp Life's submission to the Cooper Review - Phase One ... |
| | | | Standard & Poor's Fund Services has placed all three Australian equity funds managed by Souls Funds Management 'On-Hold' following the departure of the group's chief investment officer and small-cap portfolio manager, Frank Villante. Senior analyst ... |
| | | | The Investment and Financial Services Association (IFSA) said to protect liquidity, super funds should have limits on how many illiquid investments they can hold. John Brogden, IFSA chief executive, told ABC BusinessLateLine last night that "We believe ... |
| | | | Galleon Group, one of the largest hedge funds in the US with $4 billion in assets shuts down after US watchdog SEC investigates the group's founder, Raj Rajaratnam, for insider trading. In a scandal that rocked New York's Manhattan set, Rajaratnam became ... |
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