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Investment

Wolf of Wall Street can't put a price on value

MATT WOODINGTON  |  TUESDAY, 2 AUG 2011
Jordan Belfort claims to be the best salesman in the world. As a sixteen year old he made $25,000 in a single summer selling ice blocks, by 24 he was a millionaire and now, after a career that has seen him raise $1.5 billion in venture capital, he charges ...

Perpetual fund downgraded after resignation

ALISON BEVEGE  |  TUESDAY, 2 AUG 2011
Perpetual's Wholesale Ethical SRI fund has been downgraded by ratings house van Eyk, after portfolio manager Simon Bridger resigned.

Agreement reached on debt ceiling

ALISON BEVEGE  |  MONDAY, 1 AUG 2011
The US has reached a last-minute agreement to raise its debt ceiling, narrowly averting what might have become a global economic disaster.

CBA insurance premiums rise

MATT WOODINGTON  |  FRIDAY, 29 JUL 2011
Commonwealth Bank of Australia reported a 3% rise in its wealth management division for the June 2011 quarter, while the appreciating Australian dollar caused a slight drop in its funds under administration and management.

Bonds eye off super funds

ELISE BURGESS  |  FRIDAY, 29 JUL 2011
Inflationary-linked bonds are the next vehicle for super funds to manage their investment portfolios for retirees, with institutional investors looking towards this neglected investment, according to one inflation investment manager.

Debt and small caps broaden emerging market value

MATT WOODINGTON  |  FRIDAY, 29 JUL 2011
Small caps and local currency debt are among the broadening areas of opportunity for investing in emerging markets, which remain attractively priced for institutional investment, said a State Street global investment strategist.

Secondary market for private equity heats with billion dollar deal

ALISON BEVEGE  |  FRIDAY, 29 JUL 2011
Several large transactions have heated up the secondary market for global private equity, suggesting predictions for market upturn were right according to new research from alternative investment research firm Preqin.

Lonsec casts eye over fund fee structures

ALISON BEVEGE  |  FRIDAY, 29 JUL 2011
Ratings agency Lonsec has analysed the fee structures of fund managers in its Australian Equities Long/Short peer group and discovered two funds that employ a performance hurdle of 0%.

Macquarie backs annuity income as contributions drop

MATT WOODINGTON  |  THURSDAY, 28 JUL 2011
Macquarie said that annuity style income provided by its banking and financial services, funds management and corporate and asset finance divisions will drive growth in the medium term after reporting a drop in group contributions for Q1 2012.

New bond fund targets corporate sector

MATT WOODINGTON  |  THURSDAY, 28 JUL 2011
Australian Unity subsidiary Altius Asset Management sees good value in term deposits and the corporate sector after launching its bond fund.