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Investment

Westpac rise in cash earnings reflects strong results in retail and wealth

CLAIRE MCGREAL  |  WEDNESDAY, 2 NOV 2011
Westpac has posted strong financial results, with a 10 % increase in full year profits.

OneVue eyes insto investor for global growth

RACHEL DAVIS  |  WEDNESDAY, 2 NOV 2011
Platform provider OneVue will select an institutionally aligned minority shareholder to join the OneVue Holdings register by February 2012, the group has announced.

Derivatives broker MF Global in administration

RACHEL DAVIS  |  TUESDAY, 1 NOV 2011
Global financial derivatives broker, MF Global has been placed into administration with insolvency firm Deloitte appointed as administrator in Australia.

BTIM adds $50m mandate to $6bn fund

ELISE BURGESS  |  TUESDAY, 1 NOV 2011
BT Investment Management has attracted a $50 million mandate into its $6 billion balanced fund as it continues to pitch itself as a single manager to clients.

Yellow Brick Road launches funds management arm

ELISE BURGESS  |  TUESDAY, 1 NOV 2011
Yellow Brick Road Holdings has partnered with Coolabah Capital Investments to enter the funds management space, with plans to produce internally-manufactured alternative funds management solutions.

Aust investment managers climb global ranks

ELISE BURGESS  |  TUESDAY, 1 NOV 2011
Total global AUM hits US$64.7 trillion with Australian investment managers responsible for US$847 billion, a massive 49% increase since 2007, according to Towers Watson and Pension & Investments.

BTIM fixed focus for new financial year

ELISE BURGESS  |  MONDAY, 31 OCT 2011
BT Investment Management results signify the group's move into the fixed income space, the impact of volatility and acquisition plans for the new financial year.

Chi-X and ASX go head to head

CLAIRE MCGREAL  |  MONDAY, 31 OCT 2011
Chi-X Australia, the Australian stock exchange's first competitor and the country's first foreign-owned stock exchange operator, opens for business with a 'soft launch' today.

MLC/NAB earnings down but advisers up

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
MLC and NAB Wealth cash earnings declined 12.5% to $533 million for the September 30 full year although it reported strong investment in adviser numbers, up from 1,555 to 1,864.

Macquarie posts mixed results

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
Macquarie Banking and Financial Services Group has posted positive results despite volatility for its advised and intermediary businesses, recording a half year to net profit of $137 million while Macquarie Group suffered a 24% profit decline.