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General

Morning market wrap: Markets settle ahead of war

Shares in the US and the UK continued to push on, but the gains were much more modest in comparison to the exuberant gains recorded at the end of last week and on Monday.

Credit Suisse asset allocation outlook downgraded

Morningstar has downgraded Credit Suisse Asset Management’s (‘CSAM’) allocation from ‘very positive’ to ‘neutral’ following the forthcoming retirement of Lindsay Gibson...

National shares surge on ex-Barclays appointment

National Australia Bank (NAB) has appointed former Barclays deputy chief executive John Stewart as managing director and chief executive officer of its European business, prompting a surge on NAB prices as investors speculated that Stewart’s arrival ...

Qantas cuts 1,000 jobs as war looms

Qantas has announced that it will temporarily cut 1,000 jobs by forcing employees to take leave, The airline has announced the decision following the threat of an imminent war in Iraq which is likely to affect the airline’s international air traffic.

Morning market wrap: Shares rally as diplomatic uncertainty ends

After weeks of fruitless diplomacy the US, UK, and Spain today looked certain to brush aside the objections of other UN members and take military action against Iraq.

Midday market wrap: All Ordinaries rise as Bush imposes deadline

The All Ordinaries index rose on the back of further strong gains on global equity indices.

12 month Managed Futures Index returns at 38.63%: Tremont

Managed Futures hedge funds have returned 38.63 per cent over the past 12 months and 6.43% in the last month along, according to the CSFB/Tremont Hedge Fund Index for February.

ASIC appoints McLaughlins to manage $37 million property schemes

McLaughlins Financial Services (McLaughlins) has been appointed by the Federal Court in Melbourne as the temporary responsible entity for 15 managed investment schemes worth approximately $37 million, following an application by the Australian Securities ...

Afternoon market wrap: All Ordinaries surge higher, NAB up 4.5%

The All Ordinaries index surged to a 93.40 point gain to finish at 2804.40 as US President Bush’s push for war against Iraq continued to bring buyers out of the woodwork.

Hedge fund performance falls 0.1% in February: VHFA

The Van Global Hedge Funds Index fell by 0.1 per cent in February as even the relative success of short selling, macro and distressed securities strategies failed to help the Index as a whole ensure a positive return.