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General

Hongkong Electric chooses State Street for $461 million mandate

State Street has been appointed to provide global custody, fund accounting and performance measurement for $461.55 million in assets...

Macquarie appoints Principal's Lethwaite to funds management team

Macquarie has unveiled two new faces in its funds management team, appointing Brett Lethwaite as new product manager for Cash and Australian Fixed Interest...

Morning market wrap: US shares recover after two weaker days

Shares in the US reversed two consecutive days of losses...

S&P downgrades AMP Group Holdings' rating to BBB+

Standard & Poor’s has downgraded AMP Group Holdings Limited - the guarantor of the AMP Income Securities - to BBB+ from A-...

Afternoon market wrap: AMP stages afternoon rally

The All Ordinaries index edged lower by 6.60 points by the close but AMP shares staged  an afternoon rally to gain $0.18 to $5.25...

VicSuper goes green with Sustainability Covenant

The $1.6 billion VicSuper fund has signed a ‘Sustainability Covenant’ that will exclusively reserve 10 per cent of all future investments for environmentally friendly companies...

Morningstar gives three-star rating to Colonial small caps

Morningstar has given Colonial First State a three-star rating for its small capitalisation growth ‘GDP plus’ investment process...

IFSA calls on Labor to act on stalled super measures

The Investment and Financial Services Association (IFSA) has called on the Australian Labor Party (ALP) to display political flexibility and work towards an outcome for super measures currently stalled in Parliament...

ASIC funding boost could reveal 20% solvency problem rate: PwC

PricewaterhouseCoopers (PwC) has predicted that the Australian Securities and Investments Commission (ASIC) will discover solvency problems in over 20 per cent of Australian companies...

Snowball shares rebound by 60% as company reassures investors

Shares in listed financial services group Snowball have rebounded by 60 per cent today as the company moved to reassure investors about its financial strength...