News Round Up

Stubbs speaks with ASSET, House price growth eases some more, Offers and Offers.

Monday, December 10th 2007, 4:05AM

Hanover group chief executive Sam Stubbs has quit after seven months in the job. Stubbs resigned as he was unable to develop the business in the current market.

ASSET Magazine recently invited Stubbs to be one of the guests in its inaugural Roundtable event. At the Roundtable leaders from the funds management and advisory industry openly discussed issues.

To find out Stubb's views on the industry, how it has performed and its future read the latest issue of ASSET.

Subscribers should have their copies this week. If you would like to get your hands on ASSET then either freephone 0800-345675 or email your details

House prices continue to ease

The latest house price statistics show that the market has slowed by more than 10% in the past year. Statistics from QV show that national property values fell 10% when comparing the three month period ending November 30 to the corresponding period last year.

QV says that while house prices rose, the increase in the three month period to November this year was 11.4% compared to 12.7% the previous year. [READ MORE and find out what is happening in the main urban areas

Offers and offers
Several offers close this week including Liontamers GLOBAL Series 4 Fund and the South Canterbury Finance secured bond issue.

However there are a number of new offers in the market including ABN AMRO's Hindsight Securities, Macquarie's Celsius offer and Kauri Notes 2 from Savings and Loan.

Liontamer is calling its Series 4 fund the 'all-weather' fund because no matter what market conditions investors encounter during its term of five years, it is designed to produce a good result.

"The key is our new giga-booster units," Liontamer says, "which work to treble returns when markets underperform, while not limiting the upside potential. And if the worst happens and markets decline, then investors have the comfort of knowing that their original capital will be paid back to them at maturity."

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