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ASIC seeks Storm liquidation

PRESS RELEASE  |  THURSDAY, 19 MAR 2009
... Court adjourned meetings between the creditors till the end of this month and organised to hear the regulator's concerns next Tuesday.

Fresh mint

BENJAMIN ONG  |  THURSDAY, 19 MAR 2009
... shopping for them to rescue the economy. The Fed announced that it would buy US$300 billion of long-term Treasuries over the next six months. It would also purchase an additional US$750 billion of agency mortgage-backed securities and US$100 billion ...

IMCA debates investment risk

MICHELLE BALTAZAR  |  WEDNESDAY, 18 MAR 2009
... including overseas-based expert Don Ezra from Russell, to a roundtable discussion on investment risk to be held in Sydney next week. Participants of the Russell/IMCA Australia Roundtable to held on the 27th of March in Sydney include Gareth Abley, Head ...

Computershare buys bankruptcy expert

RUTH LIEW  |  WEDNESDAY, 18 MAR 2009
... cash and 2.9 million CPU shares (or cash equivalent) may be payable, subject to earnings uplift targets being met over the next 3 years. The KCC purchase complements the earlier acquisition in October 2007 of another bankruptcy administration group ...

BUSS(Q) buys Aussie equities

RUTH LIEW AND MICHAEL HOBBS  |  WEDNESDAY, 18 MAR 2009
The $1.5 billion building industry fund BUSS(Q) is topping up its Aussie equities mandates as early as next month in a bid to shore up on cheap stocks in the market. According to David O'Sullivan, chief executive of BUSS(Q), the fund is currently 3 ...

CAAM funds awarded 'recommended' rating

MICHAEL HOBBS  |  WEDNESDAY, 18 MAR 2009
... fund a rating of the same name. "An important step for us was obtaining our AFSL, which we did in October last year. The next step was obtaining ratings for our funds so they can be accepted on investment platforms," said Richard Borysiewicz, CAAM Australia ...

Fitzsimons to head MasterKey Custom

RUTH LIEW  |  TUESDAY, 17 MAR 2009
... growth and has achieved considerable success and this appointment will ensure MasterKey Custom is ready to capitalise on the next wave of growth," said Waldron. MasterKey Custom is an administration and investment service which helps investors and financial ...

Acacia separates from Linear

MICHAEL HOBBS  |  TUESDAY, 17 MAR 2009
... while maintaining its boutique operation. "We'd also like to bring on a few more advisers but the plan is never to become the next AFS or AXA, we still want to be a boutique dealer group," she said. Acacia Wealth's chief executive is Rodney Bastin. He ...

SimCorp upgrades risk mgmt tech

MICHAEL HOBBS  |  TUESDAY, 17 MAR 2009
SimCorp has released the next version of the firm's SimCorp Dimension product, version 4.5, which focuses on alleviating risk across front, middle and back offices of investment management firms. The software has been enhanced with multi factor risk ...

New boutiques, more advisers for NAB

RUTH LIEW  |  MONDAY, 16 MAR 2009
... considering how they might change that - some see us as a natural partner with them to do that," he said. Tucker said the next few weeks will see NAB's wealth division restructure itself following chief executive Cameron Clyne's announcement last week ...