Daily Dispatches: Aussie equity record

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Daily Dispatches returns on Thursday

Australian companies raised a record $60bn of new equity last financial year, defying expectations of a funding squeeze. (Herald Sun)

A new boutique property manager will be exploiting the weaker local real estate market to deliver returns for investors. Amici Funds Management has been formed by former SAI head of property Graham Brewer and private banking specialist Kaye Martin. (Money Management)

An Access Economics business outlook report says the jobless rate could hit a ceiling of 7.5 per cent in 2010, up from 5.8 per cent at present. The federal government has forecast a peak of 8.5 per cent during the next financial year, and Treasurer Wayne Swan is standing by the figure. (Sky News)

Financial planners who advised their clients to invest in the collapsed timber project Great Southern are being examined as potential targets of a class action.

(Business Day)

Mortgage fund manager Balmain Trilogy has finally won its nine-month battle for control of the struggling $630m City Pacific First Mortgage Fund after a court threw out a push by the listed City Pacific to have the transfer voided. (The Australian)

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