stock brokers

Investment Strategy

IFM dismisses brokers, analyst forecasts

Industry Funds Management’s Clyde Haldane says stock brokers don’t like him. “The dealers hate us,” says the executive director, listed equities at Melbourne-based IFM. “We buy or sell one stock a year.” Haldane says he has been thinking about long-term investing for 15 years but has only been putting his theories into practise seven years. […]
Investment Strategy

ASIC wants “bad apples” out of finance

The Australian Securities & Investments Commission wants to ensure “bad apples” in finance are culled. The regulator, that enforces company and financial services law, is seeking to be more assertive. ASIC will have a “proactive, regulatory approach,” says commissioner Peter Kell. Regulators will be “more forward looking” in addressing risk. Kell, citing an ANZ survey, […]