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Investment

VicSuper nabs three sustainability awards

ELISE BURGESS  |  TUESDAY, 9 AUG 2011
VicSuper has landed three awards in the ninth annual ACCA Sustainability Reporting Awards, including best report in the financial service sector.

Hedge fund forum to tackle tough questions

ELISE BURGESS  |  TUESDAY, 9 AUG 2011
Economic opportunities in the $1.3 trillion superannuation industry, the regulatory environment and opportunities for hedge funds in Asia are all up for discussion in the upcoming AIMA Australia Australian Hedge Fund Forum.

Stocks in freefall on recession fears, banks cut mortgage rates

ALISON BEVEGE  |  TUESDAY, 9 AUG 2011
Investors panicked sending the Australian stock market into freefall and bond markets soaring, following large losses on Wall Street.

Bendigo Wealth plays part in group profits

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
The recently formed Bendigo Wealth made a 14% contribution to Bendigo and Adelaide's $342 million full year profit for 2010/2011.

Praemium appoints new CEO as platform business booms

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
Portfolio administration and separately managed account technology provider Praemium has appointed Michael Ohanessian as its new chief executive officer, replacing Arthur Naoumidis who has taken up a consultancy role with the company.

SPAA calls for fraud net to be cast wider

MATT WOODINGTON  |  TUESDAY, 9 AUG 2011
The Self-Managed Super Fund Professionals Association has called for greater investor protection against fraudulent investment schemes, proposing a levy on all product providers.

Capital protected products shine in gloom

ALISON BEVEGE  |  MONDAY, 8 AUG 2011
Nervous market sentiment is prompting demand for defensive investments and sparking innovation with the Commonwealth Bank pondering new capital protected product structures.

Market dives on US downgrade, China demands new reserve currency

ALISON BEVEGE  |  MONDAY, 8 AUG 2011
The Australian share market dropped sharply on the open as nervous investors reacted to Standard & Poor's historic weekend downgrade of US sovereign credit.

Money moves from listed managed investments to ETFs

ALISON BEVEGE  |  MONDAY, 8 AUG 2011
Money poured out of listed managed investments and flooded into exchange traded commodities and funds over the last year, latest Australian Securities Exchange figures show.

AUI expands with property fund acquisitions

ELISE BURGESS  |  MONDAY, 8 AUG 2011
Australian Unity Investments has picked up three unlisted property funds, with over $430 million in FUM, as part of its property growth strategy to build its retail funds business.