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General

Global hedge funds return 2.6% in April: Van

The Van Global Hedge Fund Index rose 2.6 per cent in April, its strongest month since January, Van Hedge Fund Advisors have announced...

Morning market wrap: US shares continue to fall

The Dow Jones index suffered a second consecutive day of modest losses as softer consumer sentiment for the month of April...

Super investment in innovative strategies "questionable": APRA

The compulsory nature of superannuation savings makes it “questionable” whether these funds should be channelled into “cutting edge” financial investments that may involve a higher level of risk...

Afternoon market wrap: All Ordinaries claws back some lost ground

The All Ordinaries recovered some lost ground in afternoon trading but still finished 12 points lower over the day as a whole at 2931.00...

MFS announces 25% profit rise on listed debt trust

McLaughlins Financial Services (MFS) has announced a third quarter profit of $1.13 million on its Leveraged Investment and Securities Trust (LIST)...

ASIC lifts interim stop order on Absolute Capital fund

The Australian Securities and Investments Commission (ASIC) has lifted the interim stop order it placed on Absolute Capital’s ‘Yield Strategies Fund’...

Home loans sector driving major bank profits: PwC

The four major banks have delivered another round of record results this half, with combined underlying profits (cash earnings before significant items) up 6 per cent on the corresponding 2002 period...

ASFA welcomes Coonan's reassurance on co-contribution

The Association of Superannuation Funds of Australia (ASFA), a strident critic of Government policy in the wake of Tuesday’s Budget announcement, has welcomed Senator Helen Coonan's reassurance today that the Government “remains committed” to the ...

Towers Perrin blasts Government decision to "ignore" super

Towers Perrin has criticised the Federal Government’s decision to “ignore” superannuation in this year’s Budget, saying that it is a clear sign that Australia’s complex retirement system has fallen into the “politically too hard basket”...

Midday market wrap: All Ordinaries in reverse

AMP shares slid back down towards the $5.00 mark during the morning session...