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General

Three-year returns from pooled funds the worst since 1975: Mercer

The average annual median return from pooled funds was –0.6% over the three years to June 2003, according to Mercer Investment Consulting...

NAB mortgage arm given lukewarm rating

Morningstar has given National Investments’ mortgage fund capability a rating of two out of five...

Afternoon market wrap: Australian shares close lower

The All Ordinaries eventually closed 16 points lower at 3,000.8...

Tower Australia to repay policyholders

Insurer Tower Australia Ltd has been ordered to repay policyholders $600,000...

Westpac warns customers against hoax site

WITH AAP  |  FRIDAY, 4 JUL 2003
Westpac Banking Corporation has advised customers to ignore emails requesting confidential information following the detection of a ‘ghost’ Internet Banking site located in the US...

Macquarie to collect $66 million performance fee

Macquarie Bank is due a $65.68 million performance fee from Macquarie Infrastructure Group (MIG)...

ANZ to shut down fake US website

ANZ Banking Group Ltd has identified an imitation of its web site in the US and is trying to close it down with the help of the Australian Federal Police...

US regulator warned of hedge fund risks

The Investment Company Institute (ICI), representing over 8,000 US mutual funds, has warned individual investors and financial advisers rarely had the skills to knowledgably invest in hedge funds. 

Morning market wrap: US stocks up on better earnings outlook

US stocks posted further gains Wednesday...

S&P announces additions to the S&P/ASX Indices

Standard & Poor’s has announced that after the close of business on 9 July several constituent additions will take place in the S&P/ASX 100 and S&P/ASX 200 indices...