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Showing 831 - 840 of 1117 results for "MIT"

Morphic receives Lonsec approval

MARK SMITH  |  WEDNESDAY, 26 JUN 2013
The Morphic Global Opportunities Fund (MGOF) has been awarded an 'Investment Grade' rating from Lonsec. Launched 10 months ago by two former Hunter Hall investment managers, Jack Lowsenstein and Chad Slater, the fund now has $30 million under management ...

Russell appoints three to actuarial team

MARK SMITH  |  TUESDAY, 25 JUN 2013
Russell Investments has expanded its actuarial consulting team with three new senior appointments. Louise Campbell has been promoted to director and head of actuarial, while new hires Bill Buttler and Margaret O'Halloran join as director and senior ...

Market Wrap

AAP  |  FRIDAY, 21 JUN 2013
Australian shares are weaker as an Australian dollar trading below 92.50 US cents encourages overseas investors to sell banking and resource stocks. Local shares are subdued, following a two per cent-plus plunge on Thursday, following the US Federal ...

Direct insurance races for advised market share

LAURA MILLAN  |  MONDAY, 27 MAY 2013
Direct insurance is already having an impact on the advisory market share, with direct companies offering similar products at a lower cost. Direct risk companies currently hold 24.2% of the market share, right behind non-aligned dealers, which hold ...

AllianceBernstein launches tail risk protection strategy

MARK SMITH  |  FRIDAY, 24 MAY 2013
Tail risk, or the risk of suffering losses greater than statistically normal ranges, is a much greater threat to portfolios than volatility, global asset manager AllianceBernstein warns. Tail risk takes its name from the shape of the bell curve, in ...

NDIS does not replace life insurance

ALEX DUNNIN  |  WEDNESDAY, 22 MAY 2013
The national DisabilityCare system, formerly known as the National Disability Insurance Scheme (NDIS), does not replace the need for life insurance, argues AIA Australia (AIA) in a briefing note to advisers. "When the concept of the DisabilityCare scheme ...

Platinum board restructure, Neilson steps down as CIO

ALICE URIBE  |  THURSDAY, 9 MAY 2013
After 19 yrs as chief investment officer of Platinum Asset Management (Platinum), Kerr Neilson will step down from the role, but will remain on as chief executive officer. Lead manager and investment star Neilson founded Platinum in 1994 with four former ...

Govt could handcuff SMSFs

MARK SMITH  |  WEDNESDAY, 8 MAY 2013
The government may have to force self-managed super fund (SMSF) members to undertake mandatory advice or outsource their investment strategy back to professionals to cover off a risk of it facing unexpected pension liabilities. That is the view expressed ...

SFG pursues mergers on WHK suspension

ALICE URIBE  |  WEDNESDAY, 8 MAY 2013
Financial advice firm SFG Australia (SFGA) is actively pursuing mergers with other accountancy firms, after making the decision to withdraw its proposal with WHK (WHK) Group yesterday. SFGA managing director Tony Fenning told Financial Standard that ...

Macquarie reports rise in profits

MARK SMITH  |  FRIDAY, 3 MAY 2013
Macquarie Group has reported a net profit of $851 million for the full year to the end of March, up 17% on last year. Total assets under management (AUM) were also up to $347 million from $327 million last year. Operating income fell 4% to $6.7 billion ...