The typical profile of a “white-collar” criminal is a male, 38 years old with no history of dishonesty, who acts alone, and earns $113,000 a year, says Peter Morris, a former detective in the Australian Federal Police now working for KPMG.
Industry Funds Management wins $100 million mandate from Hostplus
Industry Funds Management, the fund manager owned by 32 Australian superannuation funds, says it has won a $100 million contract from Hostplus, the superannuation fund for the Australian Hotels Association.
AMP’s Craig Dunn: “We’re at a watershed in the industry”
The next 15 years will be “difficult and more challenging” for fund managers than the last 15 years,” says Craig Dunn, chief executive of AMP Ltd.
National Australia Bank buys Aviva Investors; wins two custody contracts
NabInvest, the direct asset management business of National Australia Bank Ltd., says it has acquired Aviva Investors Australia Ltd., which has about $5.5 billion in funds invested in Australian stocks.
Talk members through the rout: Sunsuper
Superannuation funds should speak with members before talking to investment managers when equity markets collapse, says David Hartley, chief investment officer at Sunsuper.
Ron Bird, professor of finance, expects further falls in global stock markets
Australians should expect further share price falls because economic fundamentals are being overridden by “panic,” says Ron Bird, professor of finance at the University of Technology Sydney.
Fidelity’s Paul Taylor says Australian stocks are attractive
Australians stocks are attractive and market returns, from dividends and earnings growth, may be as much as 15 per cent in the next year, says Paul Taylor, head of Australian equities at FIL Investment Management (Australia) Ltd.
Perpetual’s Matt Sherwood: Markets are “irrational” amid “hysteria”
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.
