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Financial Planning

Aviva Investors the new force in GAM

MICHAEL HOBBS  |  MONDAY, 3 MAR 2008
Aviva is merging ten of its global asset managers under one banner, Aviva Investors, creating a new $660 billion-plus player in the managed funds sector.

Ventura breaks benchmark shackles

MICHAEL HOBBS  |  MONDAY, 3 MAR 2008
Ventura Investment Management has added a Global Opportunities and a High Growth 100 fund to its investment menu, both of which are benchmark agnostic.

Woolworths to launch credit card

Another non-bank moves into the banking arena after retailer Woolworths signed a deal with HSBC to issue the Woolworths' credit card, due for release later this year.

ASIC closes Risqy Forex scheme

RUTH LIEW  |  MONDAY, 3 MAR 2008
The Australian Securities and Investments Commission (ASIC) has obtained orders in the Supreme Court of Queensland in Brisbane to close an illegal managed investment scheme involving $14.5 million being operated by unregistered New Zealand-based Risqy ...

Chasing the deposit dollar

WWW.THESHEET.COM  |  MONDAY, 3 MAR 2008
The increase and availability of wholesale funding dilemma is causing major headaches for banks, but investors long cash are reaping the benefits with some term rates passing eight per cent, more than a full percentage point higher than the official ...

Austock beats profit forecast but IM returns fall

RUTH LIEW  |  FRIDAY, 29 FEB 2008
Diversified financial services firm Austock Group yesterday announced an $8.8 million net profit after tax for the half year to 31 December, but reported a fall in investment management returns.

Bad weather dampens Suncorp profits

MICHAEL HOBBS  |  FRIDAY, 29 FEB 2008
Suncorp's bottomline has been hit by unusual weather and global share market volatility after the firm's half year net profit after tax was down 27.5 per cent to $382 million.

Aurora Buy-Write wins fans

RUTH LIEW  |  FRIDAY, 29 FEB 2008
Hedging share portfolios with put options attracted little attention when the markets were roaring but 'Black January' changed all that, claims Aurora Funds Management.

Tagliaferro hits back at downgrade

MICHAEL HOBBS  |  FRIDAY, 29 FEB 2008
IML founder Anton Tagliaferro has defended his decision to take charge of the fund's large caps team and restructure the investment teams after Zenith Investment Partners downgraded two IML funds from 'recommended' to 'approved'.

Russell MM scores top marks

Russell Investor Services' multi-manager sector and diversified funds have scored a fourth consecutive 'highly recommended' rating in Lonsec's annual Multi-Manager Review.