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Investment

Macquarie profit beats forecast

MARK SMITH  |  FRIDAY, 8 MAY 2015
Macquarie Group has seen its net profit after tax rise 27% to $1.604 billion for the full year to 31 March and assets under management jump 14%, beating forecasts.

Bank results underpin wealth management new era

LAURA MILLAN  |  FRIDAY, 8 MAY 2015
As the big four banks prepare for the end of the extraordinary bull run experienced since the global financial crisis, their wealth management arms also gear up for a new era.

End heavy weighting in US equities: Tempo AM

LAURA MILLAN  |  FRIDAY, 8 MAY 2015
Tempo Asset Management joined the ranks of global equities managers who are forecasting the end of the United States bull market.

Global finance, resources key to diversification

LAURA MILLAN  |  FRIDAY, 8 MAY 2015
Australian institutional investors are encouraged to diversify by seeking low valuations in finance and resources overseas.

PROFILE: PGI chief executive Grant Forster

LAURA MILLAN  |  FRIDAY, 8 MAY 2015
Principal Global Investors (PGI) chief executive Grant Forster's first job at a Woolworths supermarket was hard work. "It taught me it was an area I didn't want to be in. I didn't want to be on my feet all day", he tells Laura Millan.

Don't overlook culture and discipline: MFS

MARK SMITH  |  THURSDAY, 7 MAY 2015
A strong corporate culture and the discipline to soft-close funds before they are hurt by their size are too often overlooked by fund managers, according to MFS Investment management global equity chief investment officer Kevin Beatty.

AMP wealth management grows AUM

DARREN SNYDER  |  THURSDAY, 7 MAY 2015
AMP reported an increase in its wealth management business for the first quarter of 2015, seeing assets under management up 6% to $116.1 billion.

Vanguard overtakes PIMCO as largest bond manager

LAURA MILLAN  |  THURSDAY, 7 MAY 2015
The great battle between active and passive investment reached new heights when Vanguard overtook PIMCO as the world's largest bond mutual fund.

CML launches $25m corporate bond issue

LAURA MILLAN  |  THURSDAY, 7 MAY 2015
Finance and employment services company CML group has launched a $25 million unrated bond issue targeting private investors, self-managed super funds (SMSFs) and advisers.

CBA shares down on flat profit

AAP  |  WEDNESDAY, 6 MAY 2015
Commonwealth Bank shares have fallen to their lowest level in more than three months after it posted a flat $2.2 billion quarterly cash profit.