Fears of a global recession and a financial system crisis in Europe are driving markets lower, says Matt Sherwood, head of investment market research at Perpetual Investments.
Deutsche Asset Management’s Canobi sees money going into U.S. Treasuries
Investor preference for U.S. government bonds will continue amid the plunge in global stock markets, says Andrew Canobi, portfolio manager at Deutsche Asset Management.
BT to invest $150 million in new platform business that will employ 200 people
John Shuttleworth, general manager of business transformation at BT Financial Group, says he will invest $150 million over the next three years to build “the next generation platform” for the company.
John Brogden says 12% superannuation will be passed in Q1 2012
The Government is on the cusp of successfully passing a bill to boost compulsory superannuation to 12 per cent, in a Parliamentary vote that will likely take place in the first quarter of 2012, says John Brogden, chief executive of the Financial Services Council.
John Howard to Australian investors: “keep doing it”
John Howard is enjoying life after politics. But he keeps his investments close to his chest.
NAB custody to expand product offering and N.Z. business
A clarification to this article was issued on August 9, 2011
Peter Hele, NAB Group’s new managing director of product and strategic alliances*, says the company plans to launch as many as four products by year-end while seeking to win business in New Zealand.
TAL’s Jim Minto says average Australian shouldn’t come within “a bull’s roar” of hedge funds
Australians are disillusioned with superannuation and should not invest in hedge or buyout funds but rather choose simple investment products, says Jim Minto, managing director of TAL Ltd.
Macquarie’s Peter Maher says fund managers, advisers too internally focused
Fund management companies and advisers are too internally focused and need to embrace new technology, says Peter Maher, group head of banking and financial services at Macquarie Bank Ltd.
Harvey Kalman says Australia could become managed funds center
Australia could become an international fund management centre, attracting billions of dollars of investment, jobs and tax revenue if it follows a European model by creating a unitised share class scheme with different base currencies.
Dark-pool, high-frequency trading growing, making price discovery difficult
Australian fund managers have not tackled the potential impact of liquidity fragmentation brought about by the increasing popularity of dark-pool and high-frequency trading, say a professor at the Australian National University and the ASX’s general manager of equity markets.
Thirty companies in ASX 200 do not report environmental, social, governance risks
Fifteen per cent, or 30 companies, that are part of the S&P/ASX 200 Index do no reporting of their environmental, social and governance risks, say the Australian Council of Super Investors and the Financial Services Council.
Bill Moss: Australian REIT industry is a “boiling frog”
Bill Moss says sweeping changes are needed in the real estate investment trust industry, saying it is beset by conflicts of interest and bloated fees.
