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Market Wrap - Morning

AAP  |  MONDAY, 21 JAN 2008
The Australian share market is expected to open lower on a negative lead from Wall Street. On the Sydney Futures Exchange, the March share price index futures contract was down 75 points at 5,687. Today, the Australian Bureau of Statistics releases ...

Investors look east, Australia falls behind

RUTH LIEW  |  THURSDAY, 17 JAN 2008
... country received a pounding in the foreign direct investment (FDI) sector as investors move to embrace emerging markets as the next investment hot spots. The A.T. Kearny FDI confidence index shows Australia slumping three positions since 2005 to cinch ...

Market Wrap - Morning

AAP  |  THURSDAY, 17 JAN 2008
... Book, which provides an anecdotal description of economic conditions, is due at 2 pm and could give clues about the Fed's next move on interest rates. LONDON - Britain's leading shares fell 1.37 per cent after briefly turning positive midway through ...

CFS adds muscle to distribution team

RUTH LIEW  |  WEDNESDAY, 16 JAN 2008
Colonial First State has embarked on the next phase of its specialist distribution strategy, recently announcing a staff boost to its distribution team. "About year ago, we agreed to implement a specialist distribution approach to our business. As products ...

Skandia appoints retail head

... appointed former St George senior executive Andrew Black as its new general manager in retail. Black starts his new role next week and will be heading Skandia's platform business, which has $6 billion-plus in funds under management and was awarded the ...

GM takes sustainability mainstream

ALEX DUNNIN  |  TUESDAY, 15 JAN 2008
... year, GM will be selling eight different hybrid models in the U.S. In fact, we'll introduce 16 new hybrid vehicles over the next four years," he added. The mainstreaming of sustainability also reinforces how arguments against it are now largely a spent ...

CMC poses new threat in online broking

RUTH LIEW  |  MONDAY, 14 JAN 2008
... CMC Markets, has completed negotiations to acquire non-advisory stockbroking group, Andrew West Stockbrokers (AWS), in the next step of its expansion phase - creating a new player in the non-bank broking industry. CMC Markets Asia Pacific managing director ...

NGS to welcome new chief

MICHAEL HOBBS  |  MONDAY, 14 JAN 2008
The $3 billion Non-Government School (NGS) Super fund is considering prospective chief executives next week after former head Colin McGuinness, who transformed the fund, resigned last month. Interim chief executive John McCrory said he expects the board ...

ING PEAL pledges $10m to Wolseley

RUTH LIEW  |  MONDAY, 14 JAN 2008
ING Private Equity Access Limited (ING PEAL) has committed $10 million to Wolseley Partners' next private equity fund, which is aimed at the mid-sized deal space of the sector. ING PEAL will be lending its financial backing to the Wolseley Partners ...

Watch out for 130/30

130/30 or 'alpha extension' strategies will become much more widely used next year, according to Mercer Investment Consulting. Unlike traditional or "long-only" investing, a 130/30 portfolio permits the investment manager to introduce some "short" or ...