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.
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.
WITH June 30 approaching, many investors start to focus on ways of managing their looming tax bill.This short-term imperative is often seen to be at odds with the longer-term goals of building wealth or generating higher investment income.
RETURNS from Australian-based hedge funds varied from as high as 31.6 per cent to minus 8.3 per cent last year, a new study has found.The performance of hedge funds covered by the survey shows the very wide variation in returns.
THE Reserve Bank was expected to lift official interest rates after its board meeting this week.Whether it moved this week, or next month, it is inevitable that rates will increase over the rest of the year.
AUSTRALIA currently has more than 230,000 do-it-yourself superannuation funds and the number is growing by about 18,000 each year.What is the attraction of this rapidly growing sector and how appropriate is DIY super for most investors?
THE Australian Tax Office has had a dramatic impact on the tax-effective investment sector over the past two years.However, participants in new projects can feel confident that a favourable tax regime will apply to their investments.
TOP Perth corporate adviser Charles Fear is setting up his own business under the name Argonaut Capital.Argonaut will be one of the few corporate advisory groups that does not target the mining and technology sectors.
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.