Financial Services

  • Hedging their secrets

    Co-founder of UK-based hedge fund Laxey Partners Colin Kingsnorth illustrated the secretive nature of many hedge funds this week, as he outlined his attempts to extract information on the nature of their assets.

  • ASIC microscope on hedge funds

    Traditional fund managers using leverage or derivatives to manage risk could be caught in a crackdown on the hedge fund industry by the corporate regulator.

  • NAB's AXA play is an insurance policy

    NAB says its proposed takeover of Axa Asia Pacific Holdings will reduce the bank's reliance on volatile wholesale funding markets, banking's "Achilles heel".

  • ABA lives with bank bashing

    The unpalatable truth is no one really likes the Australian Bankers' Association. And it's not because the industry group is unlikeable per se; nor that they are less than competent.

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  • Ai Group defends default funds

    The Australian Industry Group has warned the removal of default superannuation funds from the Rudd government's new award system would increase costs for employers.

  • Super action required now

    While all the talk in superannuation circles is about the Cooper review and its latest ambitious (and overdue) move to make sense of the back office and paperwork, there is plenty of activity behind the scenes on how to structure and run better retirement income products.

  • IFM buys into German transmission business

    Industry Funds Management, an infrastructure fund that invests on behalf of not-for-profit retirement schemes, has made its first foray into western Europe with the purchase of a large minority stake in a transmission system operator.

  • 'Murky' governance draws criticism

    Fund managers at the centre of the investigation into $123 million missing from Trio Capital have come under fire for "unforgivable'' governance lapses .