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Investment

Macquarie Funds remove performance fee

MICHELLE BALTAZAR  |  TUESDAY, 1 MAR 2011
Macquarie Funds Group has made drastic changes to the fees charged by its International Infrastructure Securities fund, including the removal of the performance fees charged by the manager.

Century Funds manager bid fails

ELISE BURGESS  |  TUESDAY, 1 MAR 2011
Century Funds Management (Century) has failed to get the numbers needed to replace Opus Capital as manager of Opus 21 due to insufficient voting numbers by unitholders.

AMP Capital invests $43m in Thames Water

AMP CAPITAL UPDATE  |  TUESDAY, 1 MAR 2011
AMP Capital has invested $44 million in Thames Water, taking its total holdings in the UK utility to $230 million (£144.3 million).

FRM attracts $25m inflows

ELISE BURGESS  |  MONDAY, 28 FEB 2011
Financial Risk Management (FRM), a global hedge fund of fund investment firm, launched its offshore fund FRM Sigma, investing in a globally-source portfolio of Commodity Trading Advisers (CTAs) that specialise in managed futures.

New rules on bank liquidity clarified

ALISON BEVEGE  |  MONDAY, 28 FEB 2011
The Australian Prudential Regulation Authority (APRA) has clarified its definition of liquid assets that the banking industry must hold from 2015.

Macq customised portfolio mgt makes the grade

ALISON BEVEGE  |  FRIDAY, 25 FEB 2011
Ratings agency Standard & Poor's has rated two Macquarie Customised Portfolio Management products, increasing the number of researcher-rated SMAs available to financial advisers.

Performance fees more popular: Morningstar

ALISON BEVEGE  |  THURSDAY, 24 FEB 2011
The lure of performance fees harks back to ancient Phoenician sea captains who kept a fifth of the profits from successful voyages, a piece of history invoked by Alfred Winslow Jones, inventor of hedge funds, when he took 20 per cent of the profits.

Hitting a BRIC wall

BENJAMIN ONG  |  THURSDAY, 24 FEB 2011
It had to happen sometime and it's looking like that time has come as equity markets in the developed economies are starting to outperform those in the fast-growing BRICS - Brazil, Russia, India and China.

PE-Backed IPO exits top $10bn in 2011 YTD

ALEX DUNNIN  |  THURSDAY, 24 FEB 2011
Global private equity IPO exits hit $39 billion last year and is already $10 billion year to date 2011.

Spot the bubble before they burst

MATT WOODINGTON  |  THURSDAY, 24 FEB 2011
Gold could be the next investment bubble to burst, according to a highly regarded financial adviser, but long and painful losses on any bubbles are avoidable with the right frameworks in place.