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General

Assirt throws weight behind hedge funds

Assirt has announced an alliance with the Alternative Investment Management Association (AIMA) to promote investor awareness of the risk and rewards connected with hedge funds...

Macquarie launches new geared property fund

Macquarie Direct Property has announced the launch of a new actively managed property fund that will use gearing levels of up to 50 per cent in a bid to take advantage...

S&P appoints Perpetual Trustees as data collection agent

Perpetual Trustees has announced it will act as the only data collection agent for Standard & Poors’ residential mortgage-backed securitisation rating service...

Afternoon market wrap: Promina and AMP lead the index higher

The All Ordinaries index finished the day 17.30 points higher after somewhat running out of steam during the afternoon session, but AMP and the newly-listed Promina group both enjoyed a strong start to the week...

St George Bank launches $200 million in subordinated notes

St George Bank has announced plans to launch a new $200 million subordinated notes issue this week on a fixed and floating rate form...

South Australia building approvals surge 41.1%: ABS

The number of building approvals for dwelling units in South Australia increased by 41.1% from February to March 2003, representing an increase from 745 to 1,051...

FPA launches consumer taskforce

The Financial Planning Association (FPA) today announced the formation of a consumer taskforce to generate feedback between consumer groups...

Challenger to split in two, receive $235 million injection: Cuffe

Chris Cuffe, the acting chief executive officer of Challenger International, has announced plans to split the merged CPH Investment/Challenger entity along life and non-life business lines...

Midday market wrap: All Ordinaries falls, AMP rebounds

AMP shares rebounded to $5.13 at lunchtime after trading beneath $5.00 during the morning session...

Growth style fightback continues in April: Mercer

Growth-style funds enjoyed another positive month in April as the median manager returned 2.9 per cent...