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PIMCO to expand Australian product suite

MICHAEL HOBBS  |  WEDNESDAY, 9 DEC 2009
... ETF market locally is around $800 million, which is not a lot but everyone we speak to says this is the place to be in the next five to 10 years," said Dorrian. "We're talking to a few different distributors about what they want exposure to." But he ...

SSFS ushers Asian Century in $1bn global equities overhaul

MICHELLE BALTAZAR  |  WEDNESDAY, 9 DEC 2009
... $75 million mandates each to emerging markets funds run by Aberdeen Asset Management and Schroder Investment Management. Next Generation Asset Allocation The combined $150 million mandate, representing 10 per cent of SSFS' global equities portfolio ...

Mecchi leaves HOSTPLUS

MICHAEL HOBBS  |  WEDNESDAY, 9 DEC 2009
... replacement had started and announcement will be made in due course. Mecchi remains at the fund until the end of February next year. The fund's marketing team remains unchanged with Mecchi's business development responsibilities managed by Arthur Antonellos ...

Hartsuyker named new shadow minister for super

MICHELLE BALTAZAR  |  WEDNESDAY, 9 DEC 2009
... announced yesterday. "Luke replaces the Honourable Chris Pearce MP who has announced previously he would not contest the next election," said Abbott. "I wish Chris and his family all the very best for the future. He will be fondly remembered as the 'hero ...

Debt load

BENJAMIN ONG  |  WEDNESDAY, 9 DEC 2009
... won't see debt exceed levels consistent with their AAA status. Resilient? Resistant? A horse by any other name... So who's next?

IBM replaces Russell with JANA

RUTH LIEW  |  TUESDAY, 8 DEC 2009
... insurance arrangement to improve its offerings to members. Changes to insurance arrangements are expected to be implemented early next year.

Still a lucky country: research

MICHELLE BALTAZAR  |  TUESDAY, 8 DEC 2009
Around 40 per cent of Australians expect their household finances to improve next quarter compared with only 3.7 per cent bracing for the worst, research shows. This week industry body IFSA and research firm CoreData have released their quarterly investor ...

Boardrooms lack female directors: research

MICHELLE BALTAZAR  |  MONDAY, 7 DEC 2009
... database of more than 7,000 professional women seeking directorships. The group said that if things don't improve in the next few years, it will lobby for a 'mandatory quota' of women on listed companies, or to set gender targets. "We prefer companies ...

Super could post double-digit returns in 2010: research

Super funds could post double-digit returns next year after Rainmaker research found default investment options had recovered by three percentage points per month since Christmas last year. Rainmaker SelectingSuper research found superannuation default ...

BT Financial names new head

MICHELLE BALTAZAR  |  MONDAY, 7 DEC 2009
... chair of GE Capital Bank and chief executive of GE Consumer Finance UK & Ireland. His new role takes effect from 1 February next year. Meanwhile, Cooper was appointed chief executive of BT in January 2005, with more than 3,000 staff across private banking ...