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Investment

Fundamental indexing isn't

ALEX DUNNIN  |  WEDNESDAY, 15 JUN 2011
Fundamental indexing, when fund managers pick stocks based on market indicators other than market capitalisation, is just a disguised form of active management, said Gus Sauter, chief investment officer at Vanguard.

Advisers shape new unlisted property market

ELISE BURGESS  |  WEDNESDAY, 15 JUN 2011
Centuria Property has launched new management benchmarks for its unlisted property funds after consulting with advisers on the least favourable aspects of current property funds in a bid to reshape the entire industry.

Dutch pension fund set for major reforms

MATT WOODINGTON  |  TUESDAY, 14 JUN 2011
The 800 billion euros Dutch pension system is set to place higher responsibility on the board of funds, while retirement age will rise, after the government closed on a reforms agreement.

Equity Trustees makes aged care bid

MATT WOODINGTON  |  TUESDAY, 14 JUN 2011
Equity Trustees is set increase its capacity to provide post-retirement solutions with the acquisition of two aged care services businesses from Paragon Care.

Russell funds get stars

RACHEL DAVIS  |  TUESDAY, 14 JUN 2011
The Russell Australian After Tax Fund has been assigned a four-star 'NEW' rating by Standard & Poor's (S&P) and its Russell Enhanced Income Shares Fund has been awarded a three-star 'NEW' rating by the research and ratings house.

PIF Investor action group claim small victory

RACHEL DAVIS  |  FRIDAY, 10 JUN 2011
Wellington Capital has agreed to suspend any further action in relation to a planned rights issue, until a full hearing on 12 June, following an injunction application by PIF Action Group (PIFAG).

Government plants $60m innovation funding seed

MATT WOODINGTON  |  THURSDAY, 9 JUN 2011
Three innovation fund managers have received a total of $120 million of new funding to invest in Australian start-up ventures, half of which has been provided by the government.

Treasury Group appoints CEO

RACHEL DAVIS  |  THURSDAY, 9 JUN 2011
Treasury Group has announced Andrew McGill as the successor to Mark Burgess as chief executive officer. The appointment is effective from 12 July 2011.

Lonsec bought by FRH

RACHEL DAVIS  |  THURSDAY, 9 JUN 2011
The long rumoured sale of Lonsec has today been confirmed. Zurich has sold the ratings house to Financial Research Holdings (FRH) who last week acquired SuperRatings.

Alpha adds BlackRock and QIC strategies

MATT WOODINGTON  |  WEDNESDAY, 8 JUN 2011
Alpha Fund Managers has invested in BlackRock's Australian equitised long short strategy, adding the manager to its Australian blue chip fund.