Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Investment

More than 50 funds 'on hold' after shorting ban

RUTH LIEW  |  TUESDAY, 23 SEP 2008
An S&P fund analyst said the ratings house's decision to put 57 funds on hold is "the best course of action" following the recent ban on short selling.

Game on for sustainability

MICHAEL HOBBS  |  TUESDAY, 23 SEP 2008
Index firm FTSE has launched the Australia version of the established FTSE4Good Global index, which features the country's 'green' companies and is also a means to compare company best practice.

Gasparet leaves Austock

MICHAEL HOBBS  |  TUESDAY, 23 SEP 2008
Austock Asset Management's Australian equities portfolio manager, Silvio Gasparet has left the firm resulting in Standard & Poor's placing a 'hold' rating on the its Australian equities fund.

Nomura absorbs Lehman Bros Australia

MICHELLE BALTAZAR  |  TUESDAY, 23 SEP 2008
Around 3,000 Lehman Brothers employees, including those in Australia, will soon work for Nomura Holdings, after the Japanese investment firm inked a deal to buy Lehman Brother's entire franchise in Asia-Pacific.

Minnow mortgage manager wants to be big fish

WWW.THESHEET.COM  |  TUESDAY, 23 SEP 2008
To grab a larger slice of the mortgage manager pie, Firstfolio Limited continues the growth by acquisition strategy, taking on six businesses during financial year 2008.

AIMA and IFSA respond to temp shorting ban

MICHELLE BALTAZAR, MICHAEL HOBBS  |  MONDAY, 22 SEP 2008
Hedge fund industry body AIMA is meeting today to discuss how ASIC's new shorting rules will impact Australian hedge funds while IFSA is due to release a statement about how the changes could affect redemptions and existing investment mandates.

Investment titans now governed by Fed

COMPANY RELEASES  |  MONDAY, 22 SEP 2008
Two of the world's investment banking giants Goldman Sachs and Morgan Stanley have morphed into bank holding companies - a historic move to avert a disastrous turn similar to Lehman Brothers and Bear Stearns.

FTSE 'watches' Greece and South Korea

MICHAEL HOBBS  |  MONDAY, 22 SEP 2008
FTSE's annual review of county classification resulted in a new 'watchlist' that could see the promotion Taiwan to 'developed' status and Greece being demoted to 'advanced emerging' status.

AMP taps first home saver market

RUTH LIEW  |  MONDAY, 22 SEP 2008
AMP Banking is offering first home saver accounts (FHSAs) which boasts an 8 per cent interest rate per annum.

Super cushions local asset managers

MICHELLE BALTAZAR  |  FRIDAY, 19 SEP 2008
The country's compulsory super will keep the investment management arms of the major banks chugging along despite the current market crisis - unlike their European and US counterparts which are under the hammer, if not already sold, as their parent banks ...