As editor, Mark oversees the day-to-day online news at Business News. His particular brief is following major deals, the professions and private/family businesses. Mark has 35 years' career experience, primarily in business journalism. Before becoming a journalist, he was an economist with the Commonwealth Treasury in Canberra. He has worked for The Australian Financial Review and The West Australian, and also has public relations and corporate affairs experience.
TWO very different – and in one case groundbreaking – competitors have entered the corporate superannuation market this month.The groundbreaker is REST, one of Australia’s largest ‘industry’ super funds. It has become the first industry fund to esta...
AUSTRALIAN investors can select from a small but growing number of ‘index’ funds.Vanguard Investments, the global pioneer of index funds, offers an Australian Share Fund, which aims to track the S&P/ASX 300 index, before fees and expenses.
THE growing popularity of master funds and wrap accounts has been one of the main themes of the managed funds industry over recent years.Westpac CEO David Morgan acknowledged as much when he announced the purchase of BT Financial Group last month.
CENTRAL bankers are renowned for making obscure comments that market watchers struggle to un-ravel.Australia’s Reserve Bank may be trying to break the mould judging by the relative clarity of its recent pronouncements.
AUSTRALIAN superannuation funds produced their worst returns on record in 2001-02 and have a “higher than normal” probability of posting negative returns again this year, according to consulting group InTech.
PLATINUM Asset Management is a conspicuous success story among managers of international equity funds.In fact, it is the only main-stream investment manager to have achieved positive returns from international equities over the past 12 months.
TRUSTEES of superannuation funds need to tread very carefully if they offer an ethical or socially responsible investment option, the University of Melbourne’s Centre for Corporate Law and Securities Regulation has warned.
MARGIN lending is not the high-risk activity of popular mythology, judging by the latest Reserve Bank analysis of the market.Total margin lending grew by 32 per cent over the 12 months to March 2002, to reach $9.7 billion.
Sodexo has been shortlisted with two other companies to manage all of Rio Tinto’s camps and other facilities in the Pilbara, in the same week it has been awarded a contract to run Shell’s Prelude Floating LNG facility.
Woodside Petroleum is hoping to win state government backing for a new 700-bed fly-in, fly-out camp at Karratha, after selecting a consortium led by Multiplex and Compass Group to build, own and operate the facility.