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Investment

NZ bank credit ratings cut, outlook stable

ALISON BEVEGE  |  MONDAY, 30 MAY 2011
New Zealand's major banks had their credit ratings cut by Moody's Investors Services on Friday as the rating's agency followed through on an earlier downgrade of their Australian parent institutions.

Provident Capital offers new fixed-rate units

ALISON BEVEGE  |  MONDAY, 30 MAY 2011
Finance group Provident Capital has released a new fixed rate unit option in their Provident Capital Monthly Income Fund.

RBC Dexia opens Thailand for Aberdeen

ALISON BEVEGE  |  FRIDAY, 27 MAY 2011
RBC Dexia Investor Services has opened its pan-Asian transfer agency platform in Thailand, meaning fund orders that once were faxed are now automated.

London hedge fund banking on Twitter

MATT WOODINGTON  |  FRIDAY, 27 MAY 2011
UK investment boutique Derwent Capital Markets is putting its faith in social media, launching a hedge fund that bases investments on real time insight into the "fear and greed" aspect of financial markets.

Australian market to shrug off Greek woes

MATT WOODINGTON  |  FRIDAY, 27 MAY 2011
Australian wealth managers believe that the worsening European debt crisis, with Greece seemingly on the brink of default, will have no major long-term impact on the global financial recovery.

Fourth CFS mandate awarded

ELISE BURGESS  |  THURSDAY, 26 MAY 2011
Colonial First State (CFS) has continued its spate of mandates, awarding London-based H2O Asset Management a $270 million mandate through Australian affiliate, Apostle Asset Management.

Perpetual chief ushers in new era

ELISE BURGESS  |  THURSDAY, 26 MAY 2011
New executives, flexible cost base, greater discipline and over 100 staff cuts make up the first of three initiatives planned by Perpetual as it fights to rebuild its focus and performance.

Investors splash into water rights

ELISE BURGESS  |  WEDNESDAY, 25 MAY 2011
The $25 billion Australian water entitlements market is proving a lucrative and attractive allure for investors that want to diversify their portfolios with the alternative asset class.

Shifts in Perpetual operations

ELISE BURGESS  |  WEDNESDAY, 25 MAY 2011
Ratings house Standard & Poor's has put a Perpetual fund 'On Hold' on news that head of equities, John Sevior, has taken long-service leave.

Fixed interest ETFs to fill "massive hole"

MATT WOODINGTON  |  TUESDAY, 24 MAY 2011
The introduction of fixed income products will spark huge development in the Australian ETF market, according to issuers, if as expected, they are authorised later this year.