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Investment

Canadian pension fund to buy UK soccer centres

MELANIE TIMBRELL  |  MONDAY, 23 JUL 2012
The UK's biggest five-a-side football pitch company, Goals, has accepted a buyout offer of 73.1 million pounds (A$110.3 million) from the Ontario Teachers' Pension Plan.

Perpetual increases NFP scholarships

LINDA HAUSKEN  |  FRIDAY, 20 JUL 2012
Perpetual has approved additional funding for more not-for-profit board education and governance scholarships.

ACCC clears Hastings offer

BEN COLLINS  |  FRIDAY, 20 JUL 2012
The Australian Competition & Consumer Commission will not oppose the APA Group's proposed takeover of the Hastings Diversified Utilities Fund.

Deutsche Bank job cuts

BEN COLLINS  |  FRIDAY, 20 JUL 2012
Deutsche Bank Australia has declined to either confirm or deny recent job cut rumours.

AIMA helping super funds plan HF moves

MELANIE TIMBRELL  |  FRIDAY, 20 JUL 2012
The Alternative Investment Management Association will be working with local super funds on scenario analyses for moving more funds to suitable Australian alternative managers.

netwealth naked wrap slashes fees to 35bp

LINDA HAUSKEN  |  THURSDAY, 19 JUL 2012
netwealth Investments has launched a next generation Wealth Accelerator naked wrap that slashes platform fees down to a low 35bps.

Chinese pension fund awards global mandates

MELANIE TIMBRELL  |  THURSDAY, 19 JUL 2012
China's national pension fund has released a list of 12 global investment managers awarded mandates in July to help manage the 869bn yuan ($A132bn) fund.

Buy-right and equity managers will deliver income

ALEX DUNNIN  |  THURSDAY, 19 JUL 2012
A growing proportion of superannuation assets being owned by retirees is re-orienting investment product design towards producing income, but delivering this in a sideways yet volatile capital market requires investment managers to change their approach.

Premium acquires stake in the Emerald Club

LINDA HAUSKEN  |  WEDNESDAY, 18 JUL 2012
Financial planning group Premium Wealth Management has taken a 25% stake in the Emerald Club as part of a strategic alliance with the responsible investment solutions group.

State Street acquires GS hedge fund admin services

MELANIE TIMBRELL  |  WEDNESDAY, 18 JUL 2012
State Street Corporation has agreed to acquire Goldman Sachs' US hedge fund administration services in a cash transaction worth approximately US$550 million.