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Showing 831 - 840 of 1039 results for "ARI"

Prudential back in town

MICHELLE BALTAZAR  |  TUESDAY, 2 MAR 2010
Financial services giant Prudential will be the new owner of AIA Group (AIA), the Australasian life insurance businesses of AIG Group, in a deal worth US$35.5 billion - a move that potentially brings the Prudential name back in Australia after 12 years ...

J.P. Morgan hires 50 for custody business

MICHAEL HOBBS  |  TUESDAY, 2 MAR 2010
J.P. Morgan's custody business has hired 50 executives across taxation, business analytics and client servicing in the past four months to cope with client demand. Bryan Gray, managing director of sales & client relationship management at J.P. Morgan ...

Market Wrap - Morning

AAP  |  TUESDAY, 23 FEB 2010
Australian shares are expected to open flat after Wall Street indices moderately lower. At 0823 AEDT on the Sydney Futures Exchange, the March share price index contract was two points lower at 4,699. In economic news on Tuesday, Reserve Bank of Australia ...

Fund managers on tax alert

MICHAEL HOBBS  |  FRIDAY, 12 FEB 2010
Fund managers could lose major clients or risk paying hefty fines if they don't comply with new tax rules which come into effect from July this year, according to one technology firm. According to Corrs Chambers Westgarth, Taxation of Financial Arrangements ...

State Street settles suit for $340m

SEC RELEASE  |  MONDAY, 8 FEB 2010
State Street has agreed to pay more than $340 million in settlement to the SEC's charges on misleading investors about their exposure to sub-prime investments. According to the SEC, State Street also selectively disclosed more complete information to ...

NZ Super appoints Elementum Advisors

COMPANY RELEASE  |  WEDNESDAY, 3 FEB 2010
The Guardians of New Zealand Superannuation have appointed Elementum Advisors to manage a $140 million portfolio of catastrophe-linked securities. The initial size of the mandate will be $140 million million with potential to increase to $282 million. ...

Future Fund slashes cash for alternatives

RUTH LIEW  |  MONDAY, 1 FEB 2010
The $66 billion Future Fund has halved its 30 per cent allocation to cash in three months - with alternative assets getting the biggest boost in allocation following the move. The Future Fund's allocation to cash in September stood at 31.6 per cent ...

Universal model tough to execute

RUTH LIEW  |  TUESDAY, 15 DEC 2009
Disengaged super fund members should go into a 'universal category' with a single diversified investment strategy, according to yesterday's Cooper report - but problems will arise from asset class, transition and choice limitations, argues one expert. ...

ComSuper faces executive and admin reforms

RUTH LIEW  |  MONDAY, 30 NOV 2009
Government superannuation schemes have not escaped ongoing governance reviews, with the schemes' administrator ComSuper mandated to outsource some of its work to cut taxpayer bill and the 'Commissioner for Superannuation' role dropped in favour of a ...

MMC pays $428 million in compensation

MEDIA RELEASE  |  MONDAY, 16 NOV 2009
Marsh & McLennan Companies, which owns consultant Mercer, has agreed to pay $428 million (US$400 million) in settlement for a lawsuit filed six years ago that accused the firm of breaking securities law covering its contingent commission practices. ...