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Four pillars of a good hedge fund: Ashton

RUTH LIEW  |  MONDAY, 26 OCT 2009
... Exchange Commission]... you need to disclose your positions to them on a quarterly basis and they monitor what you're doing. "Next you have to have a credible, independent auditor... you have to have someone who's going to test you come audit time. "The ...

CAAM and Soc Gen reveal Amundi

RUTH LIEW  |  MONDAY, 26 OCT 2009
... Amundi will come into being on 1 January 2010. CrA(C)dit Agricole Asset Management in Australia will take on the new name next year. Richard Borysiewicz, chief executive officer - Australia at CAAM, said there will be "no change to investment strategies ...

Market Wrap - Midday

AAP  |  MONDAY, 26 OCT 2009
... bank Macquarie Group slipped 46 cents to $52.78 ahead of its first-half earnings report on Friday. Westpac, which reports next week, bucked the trend and gained 14 cents to $27.44 Among the miners, BHP Billiton declined 39 cents, or 0.97 per cent, at ...

Pushing on a string

BENJAMIN ONG  |  MONDAY, 26 OCT 2009

Market Wrap - Morning

AAP  |  MONDAY, 26 OCT 2009
... stock markets wilted on Friday after an early rally, with investor enthusiasm waning ahead of corporate earnings reports next week and as software giant Microsoft reported a profit fall. The London FTSE 100 index defied the trend however and closed with ...

What China wants China gets

BENJAMIN ONG  |  FRIDAY, 23 OCT 2009
... full-year economic growth projection from 7.0 per cent to 8.2 per cent. The ADB expects China to deliver 8.9 per cent growth next year. Contrary to complaints that China is 'beggaring its neighbours' by maintaining an undervalued currency and subsidising ...

Galleon sinks $4bn

MICHELLE BALTAZAR  |  THURSDAY, 22 OCT 2009
... then sent letters to investors about the gradual winding down of the business, with the sums to be distributed from January next year. He founded Galleon Group in 1996, a hedge fund firm that helped him climb the Forbes list of billionaires. In the latest ...

Schroder Asia Pac adds SimCorp

COMPANY RELEASE  |  THURSDAY, 22 OCT 2009
... time and within budget. "This gives us the foundation to extend our capability in Singapore further across the region. The next phase is to bring Australia into the fold; this would not have been possible without SimCorp Dimension," said Tham.

Sucked in

BENJAMIN ONG  |  THURSDAY, 22 OCT 2009
... spigot would have to be turned off sometime, greed and excess will return, caution will be thrown to the wind, and then...the next bust. But when? Nobody knows. Ahh yes, there will be cries of "I told you so" after the fact. It is so easy to put a dd/mm/yyyy ...

Market Wrap - Morning

AAP  |  THURSDAY, 22 OCT 2009
... moved in a tight range throughout the day as investors wait for Japan's earnings season, which will swing into full gear next week. In light trade, the benchmark Nikkei dipped 3.45 points, or 0.25 per cent, to 10,333.39. HONG KONG - Hong Kong's benchmark ...