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Investment

IFM boosts admin support for growing asset base

ELISE BURGESS  |  THURSDAY, 6 OCT 2011
Multi-billion dollar global investment manager, Industry Funds Management has ramped up its back office and asset coverage support with the development of a new platform.

Touchstone acquires Old Mutual assets

MATT WOODINGTON  |  WEDNESDAY, 5 OCT 2011
Touchstone Investments has agreed to acquire around $2 billion worth of mutual fund assets from Old Mutual Asset Management in the US, taking its funds under management to almost $10 billion.

UBS retains OptiMix as it closes ING IM deal

MATT WOODINGTON  |  WEDNESDAY, 5 OCT 2011
UBS Global Asset Management is retaining ownership of multi manager fund-of-funds business OptiMix as it completes its acquisition of ING Investment Management, although ANZ owns its money.

AMP Capital rides high on global infra demand

CLAIRE MCGREAL  |  WEDNESDAY, 5 OCT 2011
The AMP Capital Global Infrastructure Securities Fund has hit the $1 billion mark in funds under management since its launch in August 2010, through both retail and institutional investments from overseas.

Macq seals landmark $8.7bn admin deal with Perpetual

ELISE BURGESS  |  WEDNESDAY, 5 OCT 2011
Perpetual will outsource the administration services for its $8.7 billion private wealth administration platform to Macquarie Investment Management with plans for new adviser-focused features and broader market appeal.

Unlisted infrastructure funds post mixed results

ELISE BURGESS  |  WEDNESDAY, 5 OCT 2011
Unlisted infrastructure fund raising figures for Q3 2011 declined with just two funds reaching a final close raising $1.6 billion, but hitting new records for the year with 136 total funds now available to investors.

Dividends boom as capital returned to investors

ELISE BURGESS  |  TUESDAY, 4 OCT 2011
Volatile markets are proving to be a dividend dream, as the market delivers a 9% increase to investors in comparison to the previous reporting season, finds one report.

BlackRock appoints ING Asian fixed income head

MATT WOODINGTON  |  FRIDAY, 30 SEP 2011
BlackRock has appointed Joel Kim, who joins from ING Investment Management, as head of Asia-Pacific fixed income.

Second generation platform consolidation push

ELISE BURGESS  |  FRIDAY, 30 SEP 2011
The industry trends driving Europe and Australia are highly comparable, according to software provider, Bravura Solutions, with next generational platform and wrap models across the wealth management industry now being forced to update to survive.

BBC denies trader a hoax interview

RACHEL DAVIS  |  THURSDAY, 29 SEP 2011
The BBC has denied the trader who became an overnight Internet sensation, Alessio Rastani, was a hoax interview.