Dispatches: hedge fund sues Goldman Sachs

An Australian hedge fund is suing Goldman Sachs Group for more than $US1 billion over an investment in a subprime mortgage-linked security that contributed to the fund's demise in 2007. (Business Day)

A third broker from Citigroup has been banned from providing financial services following an insider trading investigation relating to Vision Systems. (The Australian)

CBA has launched a new program that is specifically designed to help female brokers achieve their business goals. (The Adviser)

National Australia Bank's plan to sell Axa Asia Pacific's North investment platform to a smaller player may fail to appease the competition regulator because such a sale would make the platform less competitive, analysts say. (The Australian)

Australia's unemployment rate is expected hold steady but economists warn a better job market later in the year could herald more interest rate rises. (Sky News)

BT Investment Management has announced the appointment of Vimal Gor as head of income and fixed interest. This appointment follows the consolidation of BTIM's cash, credit and fixed interest resources into a single, expanded income boutique, which was announced to the market in March. (Money Management)