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General

ASIC appoints Lucy as new deputy chairman

Jeffrey Lucy has been appointed by the government as the new deputy chairman of the Australian Securities and Investments Commission (ASIC).

Morning market wrap: All Ordinaries flat in early trade

The All Ordinaries index moved sideways in early trade as shares in the US ended their mini-rally, falling back 159.87 points to finish at 7858.24 as the US moved closer to presenting a fresh resolution to the UN, bringing the likelihood of war closer.

AMP denies Wallis resignation "speculation"

AMP today denied reports that chairman Stan Wallis was set to tender his early resignation, five months ahead of schedule, to be replaced by his deputy Peter Wilcox.

APRA gives thumbs-up to IOOF-Lifetrack deal

The Australian Prudential and Regulation Authority (APRA) today welcomed the announcement of the proposed purchase of AM Corporation’s superannuation and insurance business, Life Track Management, by IOOF.

ASIC sends WA financial adviser back to school

The Australian Securities and Investments Commission (ASIC) today accepted an enforceable undertaking from Jean-Jacques Blandin, formerly of Australian Financial Securities (AFS), that he will not act as a financial representative unless he has successfully ...

AXA records $316 million profit for 2002

AXA Pacific Holdings (AXA-APH) today announced a profit of $316 million for the 12 months to December 31 2002. This represents a 14% increase compared to the corresponding period of 2001.

Dimensional, Tyndall best performers for the past 12 months

Value-style fund managers Dimensional and Tyndall have achieved the best results for the past 12 months by being the only managers to produce positive returns, of 0.8% and 0.01% respectively, in period when the S&P/ASX fell 11.4%, InTech reported today.

Value funds significantly outperform Growth funds: InTech

InTech’s latest performance survey released today revealed that value-style fund managers significantly outperformed their growth-style counterparts over the past 12 months.

Morning market wrap: All Ordinaries up

The All Ordinaries gained close to 1% in trading this morning as all the major international share markets gained about 1% in trading on Friday and early today.

ASIC hails court decision on One.Tel chairman

The Australian Securities and Investments Commission (ASIC) today hailed the decision of the NSW Supreme Court to throw out an application by the former One.Tel chairman John Greaves to have ASIC’s civil proceedings against him dismissed.