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General

Slight decline in fund managers' fees: RBA

Fund management fees have declined slightly in recent years have, according to research released today by the Reserve Bank of Australia (RBA).

Multi-managers driving demand for style products: Alliance

Increasing investor demand for a range of management styles could see the Australian investment market split into four distinct categories over the next ten years, according to Alliance Capital Management’s chief executive officer Michael Bargholz.

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.

Assirt 'holds' BT/Sagitta rating after Cocaro departure-for now

Assirt has retained its ‘hold’ rating of the combined BT/Sagitta group but warned that the latest departure from the organisation, head of listed property Carlos Cocaro, will “significantly” weaken its property portfolio.

Defensive allocations remain on top: Mercer

Defensive investment strategies have helped yield the best returns for fund managers in the three months ending January 31, while those who have opted for a more aggressive approach have been punished yet again, according Mercer Investment’s latest ...

Morningstar gives four stars to "consistent" Commonwealth

Morningstar today gave a four-star rating to Commonwealth Investment Management’s (CIM) style-neutral ‘Active Core’ Australian equities funds, praising its “consistent” risk profile management, but added that a lack of disclosed attribution ...

Morningstar gives three stars to Portfolio Partners' Aus equities

Morningstar today gave a three-star rating to Portfolio Partners ‘Growth At A Reasonable Price’ (GARP) Australian equities funds following the group’s emergence from a transitional period in 2001 and adoption of slightly modified selection process.

Troubled Tower replaces Byer as chairman

Beleaguered trans-Tasman financial services group Tower today announced the replacement of chairman Colin Byer with Melbourne-based Olaf Duill, paving the way for a showdown at the group’s annual meeting on March 27 as Byer attempts to gain re-election ...

Trust and Permanent to launch comprehensive IMA service

Recently merged financial services companies Trust and Permanent today announced the launching of what it claims to be first complete Individually Managed Account (IMA) solution in Australia.

Commonwealth draws fire of Australian Shareholders Association

The Australian Shareholders Association (ASA) today sharply criticised the Commonwealth Bank of Australia (CBA) for its $32.7 million lump sum payout to former employee Chris Cuffe.