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Investment

Higher US interest rates possible on downgrade

ALISON BEVEGE  |  THURSDAY, 28 JUL 2011
A ratings downgrade of US sovereign debt would likely result in higher interest rates, Franklin Templeton Fixed Income Group said today.

Aust fund managers passport to Japan

ELISE BURGESS  |  THURSDAY, 28 JUL 2011
Australian fund managers are well positioned to enter Japan's $18.9 trillion savings pool as an Asian regions funds passport gains political and industry momentum.

Fund manager recommends less defensive retirement

MATT WOODINGTON  |  WEDNESDAY, 27 JUL 2011
Turning 65 does not necessarily mean it is time to revert to an ultra defensive investment portfolio, providing it holds the right assets, according to Ashton Reid, portfolio manager of Legg Mason's Real Income Fund.

IFM mandate heats up Poland

ELISE BURGESS  |  WEDNESDAY, 27 JUL 2011
Industry Funds Management (IFM) Polish heating business subsidiary, Dalkia Polska, has landed a stake in the largest district heating network in the European Union.

US pension funds issue debt ultimatum

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
US pension funds have issued a rallying call to President Barack Obama and Members of Congress to act immediately on US debt or risk long term damage to the country's retirement savings.

ORBIS launches cash based fund

RACHEL DAVIS  |  TUESDAY, 26 JUL 2011
Orbis Australia has launched a retail cash plus equities fund, the Orbis/SM Australia Opportunity Fund.

Astarra director convicted by NSW Supreme Court

ALISON BEVEGE  |  MONDAY, 25 JUL 2011
A NSW Supreme Court judge found on Friday that a term of imprisonment would be the only appropriate punishment for Shawn "Shawny Cash" Richard, the former director of Astarra Asset Management.

UK should raise state pension age to 70: PwC

MATT WOODINGTON  |  MONDAY, 25 JUL 2011
The UK needs to increase the state pension age to 70 as part of measures to curb public debt, according to PricewaterhouseCoopers (PwC).

Bank of Melbourne relaunches with plans for 90 new branches

ALISON BEVEGE  |  MONDAY, 25 JUL 2011
The first accounts were opened today at the new Bank of Melbourne, as Westpac rebrands its St George group and embarks on an expansion drive to capture the Victorian regional market.

Perpetual downgraded as FUM redistributed

ELISE BURGESS  |  MONDAY, 25 JUL 2011
The Sevior storm continues after Standard & Poor's downgraded Perpetual's Wholesale Concentrated Equity Fund to four stars due to the fund manager's absence, with the ratings house noting shifts in several institutional investor funds.