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General

Morningstar gives three stars to Perpetual's Barra offering

Research house Morningstar has given Perpetual Investments’ Alpha Quant offering from Barra International a three star rating.Morningstar said that a lack of emphasis on quality and sustainability of earnings from the quant model was “a potential ...

RBA keeps interest rate steady at 4.75%

The Reserve Bank of Australia (RBA) has decided to hold the interest rates steady at 4.75% following its monthly board meeting yesterday, causing the dollar to hit three-year highs against the US dollar.

ASIC extends transitional relief period for closed funds to 2010

The Australian Securities and Investments Commission (ASIC) today announced that it would extend the period of transitional relief, which would negate costs, burdens and investor protections related to transitional and registration requirements to passively-managed ...

APRA disqualifies two more superannuation trustees

The Australian Prudential Regulation Authority (APRA) today announced the disqualification of Norman Zuppicich and John Bayford from acting as responsible officers of a superannuation trustee, investment manager or custodian on the grounds that “they ...

APRA warns super trustees to be wary of investing in hedge funds

The Australian Prudential Regulation Authority (APRA) today warned the super industry about its concerns over the use of hedge funds as an investment choice.

APRA takes custody of Host-Plus funds following board disputes

The Australian Prudential Regulation Authority (APRA) today announced that it has been in active discussion with Host-Plus over several months regarding issues arising from disputes at trustee board level.

Afternoon market wrap: All Ordinaries return negative figures

The All Ordinaries shed 1.36% in trading today as Hong Kong’s Hang Seng index also decreased by 1.22% following the trend set in Wall Street where stocks took a dive yesterday.

Morning market wrap: US shares slump, bomb hits Philippines

Market sentiment was dealt a double blow early on Tuesday with US shares dropping sharply on doubts about consumer confidence, while a terrorist bomb attack on a southern Philippines airport this morning reportedly causing 19 deaths.

Strategic adds two boutique managers to its product range

Independent master trust provider Strategic Investments Australia has added two boutique offerings, the Paradice Cooper Investors (PCI) Australian Equity (large Cap) Fund and the Constellation Capital Management Australian Equities Fund, to its range ...

Australia wins OECD praise for fiscal, immigration policy

Australia has been ranked as one of the top economic performers among the 30-member countries that make up the Organization for Economic Cooperation and Development (OECD), according to a report released yesterday by the Paris-based organisation.