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| | | William Mahoney, who helped build Connecticut- based Bridgewater Associates into one of the world's most successful hedge funds, passed away on Tuesday, April 30 at the age of 55. Charles Ruffel, former equity partner and early fundraiser for Bridgewater ... |
| | | | Global investment management firm PIMCO has appointed former Deutsche Bank director Ronie Ganguly as its new Asia credit/ emerging market corporate portfolio manager. He joined the firm on April 22 and will be based at the Singapore office. He will ... |
| | | | ... 10% rise in increase in cash earnings for the half-year. In an announcement on the Australian Securities Exchange (ASX) the bank said the wealth arm had benefited from strong flows onto platforms, growth in superannuation, stronger financial planning ... |
| | | | ... "The final dividend should be a ripper." Westpac had advanced 42 cents, or 1.24 per cent, to $34.32. Meanwhile, investment bank Macquarie Group reported full year net profit of $851 million, up 17 per cent from the prior year and a little above market ... |
| | | | 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 ... |
| | | | ANZ has appointed Manfred Liechti as managing director global private banking. Starting today, he will report directly to global wealth chief executive Joyce Phillips. Liechti has more than 25 years banking experience in Switzerland, London, Sydney ... |
| | | | Fixed income investors can still find pockets of value in the bank loan and emerging market debt markets, according to Invesco's head of fixed income in London, Greg Freer. The compression of global yields in the wake of the global financial crisis ... |
| | | | ... market expectations - to 324K (the lowest since January 2008). Bring out the champers too, Virginia, for the European Central Bank has delivered the goods, and then some. The ECB noted: "... we decided to lower the interest rate on the main refinancing ... |
| | | | The Australian market looks set to open higher following strong gains on Wall Street after an expected European Central Bank interest rate cut and a surprisingly good US jobless claims report. At 0730 AEST on Friday, the June share price index futures ... |
| | | | Newly-created technology company Endowment Bond Exchange (EBX) has launched today an online tool that allows financial planners and retail investors to invest in zero-coupon bonds, also known as endowment bonds. The EBX Endowment Bond is a fixed income ... |
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