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Spring springs on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2009
... unemployment rate could go up to 10 per cent. They did not see the Wall Street Journal warning that credit cards would be the next to be crunched. They did not see reports that China recorded is now in deflation for the first time in six years. They ...

Instos cool on direct infrastructure

MICHAEL HOBBS  |  TUESDAY, 10 MAR 2009
... snubbing direct infrastructure projects and fund-of-fund strategies for distressed assets, private equity and hedge funds in the next 12 to 24 months, according to a survey. The Alternative Investment Summit Industry Survey, conducted in January this ...

Planners tune in to ETFs

RUTH LIEW  |  MONDAY, 9 MAR 2009
Over the next decade, exchange traded funds (ETFs) could put management fees of many Aussie fund managers under pressure - marking ETFs as the next boom market for fee-for-service planners. Bruce Baker, director of Queensland-based Puzzle Financial ...

Stanford slashes costs to save endowment

RUTH LIEW  |  MONDAY, 9 MAR 2009
... recent media statement, Stanford said it planned to cut close to $156 million from its $1.25 billion general funds budget next year. This is approximately $47 million more than originally anticipated, due to the deepening national recession and global ...

RIAA adds more members

MICHAEL HOBBS  |  FRIDAY, 6 MAR 2009
... categories for investment banks and sell side brokerage firms. This restructure will be completed by the beginning of the next financial year, O'Halloran said.

Martin Currie rakes $500m and growing

MICHELLE BALTAZAR  |  THURSDAY, 5 MAR 2009
... is completely different today than what it was a year ago but more importantly, it will look completely different in the next 12 months, so there are [investors] coming to us because of our [stable] structure," he added. Kouryialas also pointed out that ...

Sunsuper cuts fees, adds FP service

MICHAEL HOBBS  |  THURSDAY, 5 MAR 2009
... Retirement and Workforce pensions. Members receive the reduced fee on the first $300,000 of their pension account. The fees on the next $400,000 have not changed and those with balances over $700,000 still have no fees. "Our aim is to help our pension ...

AUI opens unlisted property fund

COMPANY RELEASE  |  THURSDAY, 5 MAR 2009
... acquiring more properties," he said. "We believe the large number of property syndicates reaching the end of their terms over the next year or two is likely to bring a wave of properties on the market at the same time, which will create opportunities ...

Chinese medicine

BENJAMIN ONG  |  THURSDAY, 5 MAR 2009
Don't you just love financial market experts? One day they tell you to sell, the next day they ask you to buy - or vice versa. Wall Street et al shook off their convulsion and sprang back to life overnight in response to reports that Chinese medicine ...

Thank you RBA

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2009
... demand for another... and so on. But what about Woolworths' announcement that it is hiring an additional 7,000 workers in the next four months and Aldi planning to put an additional 2,600 workers in its stores this year? This is the reason why Australia's ...