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Mercer MM gets Lonsec tick

MEDIA RELEASE  |  TUESDAY, 21 APR 2009
... managers where they hold the highest conviction. Mercer has shown a preparedness to back new strategies early and identify the 'next generation' managers." Mercer's head of institutional-investment management, Stephen Bramley, said, last year only Mercer ...

Joint Committee has consumer loans in its sights

WWW.THESHEET.COM  |  TUESDAY, 21 APR 2009
... of banking products. Reflecting the transfer of oversight of consumer finance to the Commonwealth, which will take effect next year, committee chairman Bernard Ripoll said such products as mortgages and margin loans would be included in the review. On ...

UBS cuts business and jobs

COMPANY RELEASE  |  MONDAY, 20 APR 2009
... cent in March this year. As a result of these losses, UBS is planning more than $4 billion of cost savings by the end of next year. This means the bank expects to cut over 8,000 employees to 67,500 by 2010. UBS plans to maintain its core business across ...

Adviser portfolios add commodities

RUTH LIEW  |  MONDAY, 20 APR 2009
... asset class also acts as a hedging tool to some of the macro trends expected to influence the investment landscape over the next ten years. Farrell pegs increased regulation, growing "high income" consumers in the emerging world, massive infrastructure ...

Market Wrap - Midday

AAP  |  THURSDAY, 16 APR 2009
... trade as financial stocks were buoyed by renewed confidence that US banks will post stronger first quarter earnings over the next week. At 1200 AEST, the benchmark S&P/ASX200 was 47.7 points higher, or 1.27 per cent, at 3,795.2, while the broader All ...

Ignore history at your peril

RUTH LIEW  |  THURSDAY, 16 APR 2009
... making history... helping someone at 25 get their benefit at 65. "You have to learn from the last 40 years to know about the next 40," said McFarlane.

Barclays sells iShares

MICHAEL HOBBS  |  TUESDAY, 14 APR 2009
... a statement, Barclay's may negotiate other proposals for iShares and other related businesses from third parties over the next 45 days from tomorrow.

BRIC to BIC

ALEX DUNNIN  |  THURSDAY, 9 APR 2009
... of equivalent vintages. Moreover, they expect this outperformance to continue for new commitments they will make over the next few years," said Erwin Roex, a partner at private equity group Coller Capital. "Of the BRIC countries, China and India remain ...

HOSTPLUS sponsors Gold Coast AFL

MICHAEL HOBBS  |  WEDNESDAY, 8 APR 2009
... year the team will compete in the Victorian based under-18 TAC Cup competition and is expected to enter the VFL competition next year and the AFL in 2011. The Queensland strategy puts HOSTPLUS on a collision course with Sunsuper, the Sunshine State's ...

Qantas Super gets $66m injection

RUTH LIEW  |  WEDNESDAY, 8 APR 2009
The $5.6 billion Qantas Superannuation fund will receive $66 million in extra funds over the next three years from Qantas Airways Limited into its defined benefit divisions. According to a statement on the super fund's website, both Qantas Super and ...