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| | | "Fannie Mae and Freddie Mac are so large and so interwoven in our financial system that a failure of either of them would cause great turmoil in our financial markets here at home and around the globe. This turmoil would directly and negatively impact ... |
| | | | The Australian stock market was higher at noon, led by the financial sector after news that the US government would take over troubled mortgage institutions Freddie Mac and Fannie Mae. At 1200 AEST, the benchmark S&P/ASX200 had added 187 points, or ... |
| | | | The AIMA Australia Hedge Fund awards held last night highlighted 15 of the leading hedge fund managers in the country, with one awardee returning 39 per cent and another gaining as much as 265 per cent in the last 12 months. Admittedly it's been a tough ... |
| | | | Financial planners should reassess their clients' exposure to the fixed income sector after a van Eyk review found diversified income managers are primed to take advantage of investment opportunities in credit securities. The firm's diversified income ... |
| | | | Investors Mutual Limited (IML) revamped its investment team's equity package as part of an overall review designed to retain a consistent team of analysts. Anton Tagliaferro, IML managing director and investment director, said the firm reviewed its ... |
| | | | The Australian stock market was down at noon, with energy and mining stocks lower on the back of falling oil and gold prices. At 1200 AEST, the benchmark S&P/ASX200 was down 45.1 points, or 0.9 per cent to 5014.9, while the broader All Ordinaries lost ... |
| | | | The lure of the country's superannuation dollars will push more global hedge funds to target Australian investors, prompting HSBC to open a specialist fund services arm locally ahead of the wave of hedge fund activity. Previously, HSBC has provided ... |
| | | | Investors keen to stay in the black despite the market doldrums should look no further than Aurora's Sandringham Dividend Income trust. Sandringham's low double-digit returns may have been ho-hum during the bull years but this year's 12.76 per cent ... |
| | | | Specialist fund and asset management firm, Babcock & Brown promoted John Fanning to chief financial officer. Fanning replaces Michael Larkin who was appointed chief executive and managing director on August 21. Prior to this position, Fanning worked ... |
| | | | The Commonwealth Bank appointed Christian Strahlhofer and Komal Soni as relationship manager and account manager for corporate financial services, respectively in its financial planning division. Prior to this role, Strahlhofer worked in corporate banking ... |
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