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General

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.

Australians shifting investments to bank accounts: survey

Australians have deposited $76 billion into bank accounts during the last year, dwarfing the $47 billion they have pumped into investment vehicles, according to research by Rainmaker Information

Portfolio Partners gets three stars for Long/Short fund

Morningstar has given a three star rating to Portfolio Partners’ Long/Short Australian equities Professional Selection High Growth Shares Trust (HGS), praising its above-benchmark performance but also highlighting its relatively high exposure to derivatives ...

BT loses $1.29 billion of retail funds in December quarter:survey

BT/Westpac saw $1.29 billion of retail funds leave its management in the December quarter while the sector as a whole increased by 2.4 per cent, according to the latest research by Plan For Life.