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.
Private equity tops the stock market
Australian private equity returns have been better than the stock market over the past decade and over the last five- and three-year periods, says a survey by Cambridge Associates LLC.
Editor’s pick #3
Spanish nationals arrested and charged with importing 300kgs of cocaine worth $78m into Queensland bit.ly/txHjLY Six Dead as Libyan Militias Clash Near Tripoli nyti.ms/vKdhlD The death of the FARC’s leader is a triumph for the Colombian government. But will it make peace any easier to attain?econ.st/tSC3Vd Book Review: London Under – The Secret History Beneath the Streets … Read more
