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Investment

SMAs drive interest into concentrated Australian equity funds

ALISON BEVEGE  |  FRIDAY, 2 SEP 2011
Separately managed account growth is driving interest in the concentrated Australian equity fund sector, research house Lonsec has said.

IOOF combines multi managers and adds director

MATT WOODINGTON  |  THURSDAY, 1 SEP 2011
IOOF will simplify its multi-manager offering by combining its two product suites and closing a number of funds at the end of the month.

Invesco shifts Asian focus to consumer demand

MATT WOODINGTON  |  THURSDAY, 1 SEP 2011
Invesco aims to bring the Asian consumer demand story to the doorstep of Australian retail investors with the overhaul of its existing Asian equities strategy.

QIC eyes Asian mandates through new ambassador

MATT WOODINGTON  |  THURSDAY, 1 SEP 2011
QIC has appointed former Australian Ambassador to China, Geoff Raby, to help win more mandates from Asian institutional investors.

MyState builds momentum with Rock merger

MATT WOODINGTON  |  WEDNESDAY, 31 AUG 2011
Tasmania's biggest financial services firm MyState has agreed to a merger with Queensland based The Rock Building Society to form a combined business with $1.68 billion in funds under management and advice.

Short-termism crippling wealth management

ELISE BURGESS  |  WEDNESDAY, 31 AUG 2011
The economic costs of short-termism by the wealth management industry is hindering financial performance and resulting in significant losses to equity holders, according to boutique Australian Equity fund manager, Hyperion.

Mercer awards three new mandates worth nearly $1 billion

ALISON BEVEGE  |  TUESDAY, 30 AUG 2011
Investment management and consulting group Mercer has allocated three new mandates worth a total of $810 million.

Australian Capital Reserve directors plead guilty

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
The former directors of Australian Capital Reserve, the fundraising arm of Estate Property Group, have pleaded guilty to making false or misleading statements to obtain a financial advantage.

Liquidity strength in CTAs

ELISE BURGESS  |  TUESDAY, 30 AUG 2011
Global hedge fund of fund investment firm, Financial Risk Management, finds liquidity and diversity in CTAs with volatility support in current alternative markets.

SMA managers raise standards

MATT WOODINGTON  |  MONDAY, 29 AUG 2011
The performance of separately managed account funds on platforms is rising steadily, according to Standard & Poor's Fund services, which upgraded one manager and downgraded another in its recent sector review.