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Investment

Advance sells management of $650 million retail funds

MATT WOODINGTON  |  MONDAY, 10 OCT 2011
Equity fund manager Maple-Brown Abbott has acquired the management rights for two of its Australian retail funds with over $650 million in combined funds under management from Advance Asset Management.

Northern Trust awarded $24bn custody mandate

ELISE BURGESS  |  MONDAY, 10 OCT 2011
Northern Trust will provide a full range of master custody and related services for the newly formed $24 billion Commonwealth Superannuation Corporation. It is the custodian's first full service super fund client.

La Trobe earns mortgage ratings boost

MATT WOODINGTON  |  FRIDAY, 7 OCT 2011
La Trobe's Pooled Mortgages Option (PMO), which sits within its Australian mortgage fund, has been awarded a 'Recommended' rating by Zenith Investment Partners.

Indigenous Australians offered chance to Clime career ladder

MATT WOODINGTON  |  FRIDAY, 7 OCT 2011
Clime Asset Management will welcome an Aboriginal trainee into its business next month, with a view to helping them develop into an investment professional and prompt other firms to follow their lead and change perceptions within the industry.

Towers Watson acquires NY investment adviser

ELISE BURGESS  |  FRIDAY, 7 OCT 2011
Towers Watson New York investment business has acquired insurance advisory specialist, WellsCanning.

Omega wins Ibbotson bonds mandate

ELISE BURGESS  |  FRIDAY, 7 OCT 2011
Omega Global Investors has been awarded a $222 million bonds mandate from Ibbotson Associates for its volatility-centric strategy, replacing Vanguard as underlying investment manager.

UBS installs new property managers after ING deal

MATT WOODINGTON  |  THURSDAY, 6 OCT 2011
Two UBS property funds have been put on hold by Standard & Poor's Fund Services, following managerial changes linked to the acquisition of ING Investment Management.

Islamic fund opens doors to Australian investors

MATT WOODINGTON  |  THURSDAY, 6 OCT 2011
Australian investors will have access to a new 'ultra ethical' fund, investing on Islamic principles with the launch of Crescent Wealth and its Australian equities fund, the first of a series of products it plans to bring to market.

Fine wine broker launches in Australia

ELISE BURGESS  |  THURSDAY, 6 OCT 2011
Taking the lead from strong Hong Kong and the Asia Pacific results, fine wine investment funds and broking will soon emerge in the local market as alternative investment options.

Finsia award nominees announced

ELISE BURGESS  |  THURSDAY, 6 OCT 2011
The short-list for Finsia's Pinnacle Awards has been announced, which includes most outstanding industry contribution, most outstanding young professional and most outstanding future leader.