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MetLife changes put focus on service

... appointments underline our main objective in the institutional arena, which is to achieve a top three market share position over the next three years by strengthening our resource base and widening our product and service offering."

Investment banks and structured providers move into lending

... happens when you mix credit management, structured products and the flexibility of a boutique? You get what might be the next generation of margin lending products. Bassem Jammal, managing director of boutique margin lender LIFT Capital, explained that ...

Market wrap

AAP  |  FRIDAY, 3 MAR 2006
... after two days of profit-taking, but investors remained wary ahead of a profit report from heavy weight HSBC Holdings Plc. next week. The benchmark Hang Seng index closed up 64.36 points at 15,882.45. WELLINGTON - A couple of sizeable deals in the property ...

Thirty dealer groups up for $300m in Westpoint recovery

... because we cannot proceed if there is nothing to recover against. We have also started taking statements and are hoping in the next few weeks to make recommendations on proceedings." Rees added that if proceedings go ahead they will be launched across ...

Daily economic update

... and therefore, adds to expectations that the Reserve Bank of Australia will not alter monetary policy when it meets again next week, nor in the immediate future. Overseas, reports from the US showed that new home sales fell by a greater-than-expected ...

Weekly economic round-up

... following a 3.5 per cent rise in the September quarter. More importantly, capital investment plans for this fiscal year and the next have been revised higher with all domestic industries expecting to boost their capital spend. This is good news as the ...

Lower risks from hedge fund strategies causing a rethink

... asset class by more traditional investors, particularly with alternative strategies tipped to reach 20 per cent over the next few years. Reinforcing the risk perspective, over the all important five year period global hedge funds outperformed global ...

Credit Suisse CEO departs

... the group's local and global senior management to recruit a suitable replacement but has declined to comment on McKinnon's next move when he leaves in four months. S&P's fund analyst Ken Ostergaard commented, "Our ratings are not affected by changes ...

Mariner US property an 'upper recommended buy': Lonsec

... lease terms," Lonsec noted. It added that the forecast distribution yield of 9.25 per cent this year, growing to 9.6 per cent next year, with a high tax advantage, is above the industry average. The ratings firm also noted that the fund should hold steady ...

Macquarie Pro Series takes off with Concord Capital

Macquarie Professional Series is due to launch a nationwide roadshow next week, trumpeting the arrival of Concord Capital as the fifth of their chosen funds management partners. Talking about the solid success of the Macquarie Professional Series to ...