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Investment

Legg Mason restructures distribution

BEN COLLINS  |  WEDNESDAY, 5 SEP 2012
Fund manager Legg Mason will shift its focus to institutional and intermediary markets, with a restructure of its distribution, client service and market functions.

Solaris appoints insto inv specialist

LINDA HAUSKEN  |  WEDNESDAY, 5 SEP 2012
Australian equity fund manager, Solaris Investment Management has appointed Neale Goldston-Morris as investment specialist to represent the firm in the institutional investment market.

Former Count CEO joins Chase

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
Former chief executive officer and managing director of Count Financial, Andrew Gale has joined boutique M&A advisory firm Chase Corporate together with recently retired KPMG senior partner and NSW chairman Chris Jordan AO.

Swift resolution sought on Storm trial

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
Lawyers representing ASIC, the Commonwealth Bank, Macquarie and Bank of Queensland are expected to hold an emergency meeting tomorrow ahead of Federal Court proceedings on the 2008 collapse of Storm Financial.

Customer owned bank attracts investors

MELANIE TIMBRELL  |  TUESDAY, 4 SEP 2012
Customer owned bankmecu has attributed NPAT of $27.02 million for its second year to the broader appeal of a cooperative enterprise in the banking space.

CBA set to launch a $750 million hybrid offer

LINDA HAUSKEN  |  TUESDAY, 4 SEP 2012
The Commonwealth Bank of Australia is set to launch a new hybrid offer on the 12 of September, which is expected to raise $750 million.

AusEthical announces 64% profit drop

BEN COLLINS  |  TUESDAY, 4 SEP 2012
The only thing up in Australian Ethical Investment's (AEI) full year results were expenses, with a 64% net profit (after tax) drop on the previous year announced yesterday.

Apostle launches global equity fund

LINDA HAUSKEN  |  TUESDAY, 4 SEP 2012
Apostle Asset Management has launched the Apostle Dundas Global Equity Fund for institutional and retail investment in Australia.

Lofty A$ supports offshore ETFs

MELANIE TIMBRELL  |  TUESDAY, 4 SEP 2012
The high Aussie dollar (AUD) is leading to more active use of ETFs as investors seek to use the strong currency to tap markets outside Australia and gain access to a broader set of industrial sectors.

Australian Unity expands investment team

MELANIE TIMBRELL  |  MONDAY, 3 SEP 2012
Australian Unity Investments has added four senior roles to each of its investment management businesses.