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Superannuation

CDC IXIS launches new Australian fund-of-hedge funds

CDC IXIS Asset Management Australia is the latest group offering an Australian dollar denominated fund-of-hedge funds, with the launch this week of its Aurora II Fund.

Melbourne Cup Day looms as d-day for interest rates

AAP  |  MONDAY, 3 NOV 2003
Punters could be paying more on their home loans by the end of the week, although economists said the Reserve Bank was odds-on to leave interest rates on hold for another month at least.

BNP Paribas Securities Services wins Optimix mandate

Hot on the heels of winning the custodial and administrative services mandate for the NZ Superannuation Fund, BNP Paribas Securities Services has also been appointed to provide a range of similar services to Optimix Investment Management.

ASIC clears way for new exchanges to set up in Australia

The Australian Securities and Investments Commission (ASIC) has further fleshed out the regulatory regime covering foreign providers of financial services, this week releasing a new policy statement (PS) for operators of exchanges and financial markets.

Afternoon market wrap: Banks lead local shares lower

The Australian share market closed in negative territory today weighed down by the banking, retail and media sectors.

PM flags tax cuts for high income earners

AAP  |  FRIDAY, 31 OCT 2003
Prime Minister John Howard has again flagged tax relief for workers hit by the top tax bracket.

Building approvals strong: ABS

AAP  |  FRIDAY, 31 OCT 2003
The property boom shows no signs of slowing with building approvals up strongly in September, new figures showed today.

QIC launches diversified active currency product

QIC has launched a new active currency product managed by three international currency managers and operating as one of the largest active mandates in Australia.

New research shows implemented consultants struggle to outperform specialist managers

Implemented consultants have delivered mixed performances relative to other managers over the past five years, according to new research released today

Argo cautiously optimistic on share market outlook

Listed investment company Argo Investments Ltd said profits in the current half-year would likely be higher than for the same period in 2002, but warned it was having difficulty finding attractive investment opportunities.