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VFMC bears teething pains to woo top talent

... beta team and a strategy team." The group will also appoint an asset consultant which Bone said will likely be announced next month. The snag amid all these positive developments, however, is that existing staff will need to undergo the same evaluation ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 24 MAY 2006
... compares with International Monetary Fund (IMF) forecast for global economic growth of 4.9 per cent in 2006 and 2.9 per cent next year. High energy costs and rising global interest rates are expected to have a negative impact on growth. The OECD projection ...

Perpetual profits to jump 13 per cent

KATE HAGE  |  TUESDAY, 23 MAY 2006
... Hoven, said they will wait to review the fund, along with about 300 other Australian equity large cap funds, before their next report is issued in August. "We didn't address the allocation issues when they arose, but will ask those questions for our ...

ING offers OneAnswer to insurance

... annual investor fees will be charged only on balances below $10,000, versus the current $50,000. The change, effective mid next month, will mean that an average investor with a $40,000 balance would save $105 per year if the funds were invested in the ...

Multiplex to launch and list $640m office fund

... Investment Research (PIR). The product disclosure statement (PDS) for the new fund will be lodged with ASIC by middle of next month and the Australian Stock Exchange listing expected in late August. Multiplex Capital is the funds management division ...

SEQUAL refurnishes with new chairs

... Macquarie, will join SEQUAL as chair and deputy chair. "With the reverse mortgage market tipped to grow to $5 billion within the next five years, the expertise these appointments bring will ensure the continued responsible growth of the reverse mortgage ...

Emerging markets to bounce back after correction

KATE HAGE  |  FRIDAY, 19 MAY 2006
... predicted the continuing inflow of cheap goods and competition from China would also ensure US interest rates stay low well into next year. "We'll have a low interest rate environment throughout Europe, Japan and the US where it will stay at around 5 ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 17 MAY 2006
... Overseas, weak reports out of the US overnight brought back market speculation that the US Federal Reserve will take a breather next month to assess the impact of its interest rate hikes on the economy. Inflation concerns eased following reports that ...

AMP Capital Investors open to the public

HAMISH MADDEN  |  FRIDAY, 12 MAY 2006
... Yield Fund, the AMP Capital Global Property Securities Fund and the AMP Capital Australian Small Companies Fund. "Over the next year we expect to double the number of these open-ended funds, and these will complement our closed-end funds," Craig said. ...

ACT govt goes to super tender

ALEX DUNNIN  |  TUESDAY, 9 MAY 2006
... particular, the tender calls for funds to "describe any innovative employer services initiatives that [they are] proposing over the next 12 months". Tenderers will have to work fast as they have just two weeks to get their bids in. The ACT super fund ...