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Flip-flop

BENJAMIN ONG  |  FRIDAY, 26 MAR 2010
Aren't you getting tired of this? Sick and tired of how Greek will be saved one day and left in ruins the next? It's come to such a confused state that the flip-flopping of news reports gives substance to the phrase, "it's all Greek to me!" Flip. Greek ...

Morningstar buys Aegis

PRESS RELEASE  |  THURSDAY, 25 MAR 2010
... potential to expand our services in multiple delivery channels," he said. The transaction is expected to be completed within the next few weeks subject to customary closing conditions.

Babson Capital targets growth in Oz

RUTH LIEW  |  WEDNESDAY, 24 MAR 2010
... AMP Capital Investors executives in Australia with plans to turn its local arm into a multi-billion dollar operation in the next five years. Babson Capital hired Shane Forster and Adam Wheeler, who managed more than $700 million in Asian and Australian ...

ASX targets ETF growth market

MICHAEL HOBBS  |  WEDNESDAY, 24 MAR 2010
... pipeline building up for us is extremely deep and broad in terms of the range of ideas," said Murphy. "We are planning for the next three years and ETFs are a key focus in our business plan in terms of ramping up what we currently do." He said the business ...

When old news is good news

BENJAMIN ONG  |  WEDNESDAY, 24 MAR 2010
... Chicago Fed Reserve Bank President Charles Evans told reporters in Shanghai that he expects interest rates "to hold for the next three or four meetings, that's about six months...I won't be surprised if it carried into 2011." Read, economy still fragile ...

Solaris adds to team

COMPANY RELEASE  |  MONDAY, 22 MAR 2010
... currently the fund's head of dealing and High Alpha Product Specialist, will take on an analyst/portfolio manager role starting next month, 27 April. Bell has been with the investment team for 14 years, which includes the 12 years with Suncorp Investment ...

AXA APH extends deal with NAB

MICHAEL HOBBS  |  MONDAY, 22 MAR 2010
... National Australia Bank (NAB) to extend the agreement until 29 March this year but all eyes remain on the ACCC's decision next month. The agreement means the terms deed has been extended from 17 December last year to the March date. The terms deed refers ...

In a better place

BENJAMIN ONG  |  MONDAY, 22 MAR 2010
... expects a return to surplus by 2013/14, Access Economics predicts the budget back in the black by 2012/13 and the ANZ by next fiscal year. So what if the local bourse drops today?

ASIC a step closer to Storm resolution

ASIC RELEASE  |  FRIDAY, 19 MAR 2010
ASIC has completed a major phase of its investigation into failed Storm Financial and is entering the next part of its investigation, aimed at achieving a commercial resolution for investors. The next phase will now take place until the end of May 2010 ...

Cbus Connect merger heralds investment changes

RUTH LIEW  |  FRIDAY, 19 MAR 2010
... executive of Cbus, the merger could mean the axing of fund manager mandates that overlap in the same asset classes. "The next four months we'll undertake a rigorous due diligence process, and part of that is mapping out if there is any crossover in our ...