Dispatches: tough May for the hedgies
Hedge fund strategies found the going tough in May due to the combination of sharply declining share markets, losses on the commodities market and struggling bond markets, according to the latest EDHEC Risk Institute analysis. (Money Management)
The New Zealand Commerce Commission today cleared AMP to acquire the Australian and New Zealand business of AXA Asia Pacific Holdings. (The Australian)
Lending tied to collapsed advisory group Storm Financial went under the radar at Bank of Queensland to the extent that a senior risk manager recommended beefing up systems to recognise loan sources. (Courier Mail)
