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Personal pensions look to be falling behind

Superannuation funds generally outperform pension funds in declining markets. Logic would dictate that pension fund returns will always exceed those of super funds, because they are free of capital gains and income tax, but super funds make tax provisions generally expecting a positive return and re-credit the amounts withheld in years where there is a negative return. Pensions funds are also unable to offset capital losses against taxable gains and pension members also often pay higher fees than super members in the same fund because of greater administration costs

J.P. Morgan sees Fed cutting funds rate to 0% by end-January

SAN FRANCISCO (MarketWatch) -- J.P. Morgan Chase & Co. economists said late Wednesday they now expect the Federal Reserve to make two half-point cuts to its fed funds rate, currently at 1%, by the end of January, bringing the fed funds rate to 0%. The U.S. central bank will then hold this benchmark rate at 0% for the rest of 2009, they said. "The change in our call is motivated in large part by the risk that deflation becomes more likely in an environment where labor market slack is building, and ongoing financial tightening is delaying the prospect that slack begins to get worked down," wrote Michael Feroli, U.S. economist for J.P. Morgan. The bank previously projected the central bank would cut rates by a quarter-point in December, to 0.75%, and then hold rates at that level.

Funds cool on bank conversion

KEVIN Rudd's invitation to frozen mortgage funds to turn themselves into banks has received a lukewarm response with not one major fund manager declaring an interest.

Turn funds into banks: Rudd's dare

KEVIN RUDD told managers of frozen mortgage funds last night that they would have to behave like banks and undergo the same levels of scrutiny if they wanted the Government's guarantee on deposits.

Hedge funds on the Hill: live-blogging the hearings

A hedge fund manager recently quipped in our presence, “regulating hedge funds is like protecting millionaires from billionaires.”

Hedge funds on the Hill: live-blogging the hearings

A hedge fund manager recently quipped in our presence, “regulating hedge funds is like protecting millionaires from billionaires.”

Japan pension funds eye more alternatives-JP Morgan

TOKYO, Nov 5 (Reuters) - Japanese pension funds plan to increase their investments in alternative assets while reducing domestic equities in their portfolios, to diversify after the subprime shock, JP Morgan Asset Management said on Wednesday.

Mideast wealth funds likely to come at a high price for Irish bank staff

From Irishexaminer.com: If the speculation that Middle Eastern sovereign wealth funds are planning to take large stakes in the Irish banking sector is well founded, it will mark another tiny shift eastwards of the world’s financial centre of gravity.

Banyuwangi To Allocate Funds for Artists' Copyrights

The Banyuwangi regency administration will allocate funds for artists who want to obtain copyrights for their art work. According to Social Economy Assistant Hadi Sucipto, they are still discussing the amount to be budgeted.

Park your funds in govt banks, PSUs told

The Centre, on Tuesday, asked the central public sector enterprises to park at least 60 per cent of their over Rs 1,00,000 crore of surplus funds with state-owned banks and not to call for competitive bids for depositing money.

Development Bank channels funds to energy

The African Development Bank is to channel more funds and resources into the energy and infrastructure sectors.

Govt asks firms to keep funds with govt-run banks

Govt asks firms to keep funds with govt-run banksSyndicate bank to open 75 new branches this yearPMEAC expects further rate cut by RBIFinance firms cut disbursement by half: CRISIL

The trouble with mutual funds

The pain continues this winter as equity funds start distributing taxable capital gains payments. Ouch.

Lloyds TSB seeks sovereign funds' help

LLOYDS TSB is in talks with sovereign wealth funds and UK insurance groups about selling stakes in a merged Lloyds-HBOS group, with a preliminary deal expected by January.

Weekly Deals and Funds Roundup: 5 November 2008

Click here for the latest news, views and interviews in the clean energy investor communityA selection of the latest deals and funds news from across the globe - essential reading for those who need to keep up-to-date with the industry's key developments.

Kinbauri Gold Corp.: Funds Released From Escrow

OTTAWA (Marketwire) - Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) announces that Anglo Pacific Group PLC ("APG") is now releasing all escrowed funds pursuant to its royalty purchase, as all required documents have now been registered against Kinbauri's respective mining titles in Spain. In May of 2008, APG closed an agreement with Kinbauri whereby it purchased a 2.5% net smelter royalty on Kinbauri's El Valle/Carles project in Spain through the issuance of a convertible debt instrument in the principal amount of $7,500,000 CDN (for more details see press release of May 14th, 2008).

VH1 Classic Raises Autism Awareness and Funds During Celebrity Bowl-Off on Thursday, November 13 at

VH1 Classic Raises Autism Awareness and Funds During Celebrity Bowl-Off on Thursday, November 13 at Lucky Strike Lanes in Hollywood

Kinbauri Gold Corp.: Funds Released From Escrow

OTTAWA, ONTARIO--(MARKET WIRE)--Oct 22, 2008 -- Kinbauri Gold Corp. ("Kinbauri") (CDNX:KNB.V - News)(Frankfurt:3KGDE.F - News) announces that Anglo Pacific Group PLC ("APG") is now releasing all escrowed funds pursuant to its royalty purchase, as all required documents have now been registered against Kinbauri's respective mining titles in Spain. In May of 2008, APG closed an agreement with Kinbauri whereby it purchased a 2.5% net smelter royalty on Kinbauri's El Valle/Carles project in Spain through the issuance of a convertible debt instrument in the principal amount of $7,500,000 CDN (for more details see press release of May 14th, 2008).

Which Banks Have TARP Funds Lined Up?

ProPublica has a neat chart showing the financial institutions that have announced preliminary approval for TARP funds so far. (via The Big Picture)

Barclays Canada launches iShares Portfolio Builder Funds

Barclays Global Investors Canada has launched a series of funds that it says gives investors and advisers a new way to approach portfolio construction and asset allocation while managing risks with less cost and less hassle.

Zimbabwe board denies it is short of funds

Zimbabwe Cricket has denied that it is short of funds, insisting that problems with paying bills are because of government restrictions imposed on withdrawals from bank accounts. Under controversial legislation, no business can take out more than Zim$1 million (US$16) a day.

Banks begin rush for US bailout funds

Reporter Peter Grier discusses how the US Treasury Department is using $700 billion in financial rescue funds and why some in Congress are objecting.

German banks should make use of state funds-Stark

BERLIN, Nov 15 (Reuters) - It is important that German banks make use of funds provided by the government in its 500 billion euro ($634.3 billion) financial rescue package, European Central Bank Executive Board member Juergen Stark said on Saturday.

German banks should make use of state funds-Stark

BERLIN, Nov 15 (Reuters) - It is important that German banks make use of funds provided by the government in its 500 billion euro ($634.3 billion) financial rescue package, European Central Bank Executive Board member Juergen Stark said on Saturday.

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