October offered a brief respite for a typical Australian superannuation fund but the following months look gloomy for returns because of Europe, said superannuation research firm Chant West.
Abbott talks about Gillard, Rudd & Obama
Australian opposition leader Tony Abbott talks about the relationship between Prime Minister Julia Gillard and foreign minister Kevin Rudd as well as the visit to Australia by U.S. President Barack Obama.
Abbott won’t rescind 12% superannuation
Tony Abbott will not rescind 12 per cent compulsory superannuation if it is passed by parliament.
Perpetual’s James Bruce talks mining taxes
James Bruce, portfolio manager at Perpetual Ltd., talks about Australia’s mining and carbon taxes.
ASX to offer managed funds
ASX Ltd. says it will begin offering transactions in the $1 trillion Australian managed funds market on April 15 next year.
Australia wants more emerging markets (Corrected)*
(This article was corrected November 17.)
*Australian superannuation and industry funds want to bolster their investments in emerging markets stocks to as much as 40 per cent of their total global equity holdings, says Neuberger Berman LLC.
Editor’s Pick #5
Post Office Near Default? Losses Mount to $5.1B http://nyti.ms/w3PuLf Detained Egyptian blogger Abd El-Fattah writes from prison http://j.mp/v3V9Bd At Penn State, “the national media & the campus have been engaged in two essentially separate conversations”http://nyr.kr/tou6TU The GOP’s game of whack-a-frontrunner continues. http://econ.st/rSshmV Crimes Against Humanity in Homs, Syria. Video: http://www.youtube.com/watch?v=9zzYqlSfi8o&feature=share
New CEO for Qantas Superannuation soon
Andrew Spence, the acting chief executive of Qantas Superannuation Ltd., expects to make way for a new CEO by the end of this month.
Hugh Loughrey joins Qantas Superannuation
Qantas Superannuation Ltd., the $6 billion fund for current and former employees of the airline, has hired Hugh Loughrey as head of legal, risk and compliance.
Perpetual eyes Asia
The portfolio manager of Perpetual Ltd.’s global resources fund says it can grow many multiples of its present size by attracting Asian investors.
Editor’s Pick #4
New York Times reports police have begun clearing Manhattan’s Zuccotti Park of Occupy Wall Street protestors. The rigours of today’s tennis schedule are chiefly to blame for the sorry condition of the sport’s elite players http://econ.st/sAQ8Hu DealBook: A Wave of Partner Retirements at Goldman Sachs http://nyti.ms/rYmaqn #Egypt guards beat 118 detain migrants from #Eritrea, including 40 granted #refugee status, … Read more
Interview with UBS AG’s George Boubouras
George Boubouras, head of investment strategy at UBS AG in Australia, talks about Europe, the state of the global economy and investment options for investors.
