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Market wrap

AAP  |  THURSDAY, 29 NOV 2007
... stocks rose after Federal Reserve Bank Vice-Chairman Donald Kohn reinforced expectations of another US interest rate cut next month. At 1015 AEDT, the benchmark S&P/ASX200 index was 100.8 points higher, or 1.58 per cent, at 6470.9, while the All Ordinaries ...

FICS raises maximum claim to $150k

... cent from the previous limit of $100,000 under a new policy by the Financial Industry Complaints Service (FICS). From 1 July next year, FICS has imposed a new monetary limit for investment complaints, from $100,000 to $150,000 and the limit for life ...

HSBC brings alts business Down Under

... access. Tuohy said Australia is arguably the most significant opportunity for alternative investment funds in Asia over the next five to 10 years." Michelle Baltazar

Falkiner poised for retail growth

MICHAEL HOBBS  |  MONDAY, 26 NOV 2007
... investors can expect returns of 10 per cent from markets and three to 12 per cent from active management per annum over the next three years. Asked about his investment strategy, he explained, "The investment process is fundamentally bottom up stock ...

EISS offloads direct property

... property assets following an extensive review of the fund's investment strategy this year. The fund will now embark on the next leg of its refocused and diversified strategy, which is reinvesting the returns in local and global listed and unlisted property ...

Goldman Sachs Gives

MICHAEL HOBBS  |  FRIDAY, 23 NOV 2007
... executive at Goldman Sachs Group, said the company expected the charitable fund to grow to more than $1 billion over the next few years. As part of their philanthropic strategy, Goldman Sachs has announced it will also increase its annual Matching Gift ...

Ambachtsheer receives Outstanding Industry Contribution Award

Keith Ambachtsheer, a world-renowned pensions expert who is visiting Australia next month has received the prestigious Outstanding Industry Award at the 2007 European Pension Fund Awards held in Vienna last week. Ambachtsheer, an adjunct professor at ...

AXA locks and loads

CHRIS NICHOLLS  |  FRIDAY, 23 NOV 2007
... cost and would not commit to any such changes occurring in Australia. AXA would also release a cash version of the product next year, but said details are not yet locked in. However, Emery said it would probably focus on a shorter investment period ...

Market Wrap - Midday

AAP  |  FRIDAY, 23 NOV 2007
... there are good opportunities there," he said. Mr Heffernan said also that the election - Australians vote tomorrow on the next federal government - has had little impact on the market. "If Howard wins on Saturday... I think the market might get a bit ...

AMP appoints new credit markets head

CHRIS NICHOLLS  |  FRIDAY, 23 NOV 2007
... effective in delivering our existing superior investment results for our clients." Jeff will relocate to Sydney and start early next year.