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Investment

New M&A expert in town, hires BT chief

RUTH LIEW  |  TUESDAY, 7 DEC 2010
US-based Berkshire Capital, which provides merger and acquisition services to investment and wealth management firms, has landed in Sydney - and appointed former BT chief executive Ian Martin as vice chairman, Asia Pacific.

Temasek boosts Singapore SMEs

RUTH LIEW  |  MONDAY, 6 DEC 2010
The $147 billion Temasek Holdings is participating in Singapore's multi-billion co-investment program with local SMEs, to help grow the country's small business sector.

Aviiid prepares to launch fund

ELISE BURGESS  |  MONDAY, 6 DEC 2010
Aviiid Third-age Living has appointed Pillar and Australian Unity director Eve Crestani as chairman and expanded its executive team, ahead of the launch of a new fund early next year.

Citi sees ASX200 at 5300 in 2011

JOHN MCDULING  |  MONDAY, 6 DEC 2010
The forecasts continue to roll in, with Citigroup Global Markets putting a 5,300 year-end target on the ASX200 for next year.

Perpetual settles over Mahogany

JOHN MCDULING  |  MONDAY, 6 DEC 2010
Perpetual Trustee Company has settled a long running legal dispute on behalf of 1,000 retail investors who bought $125 million of notes issued by a subsidiary of Lehman Brothers.

FX broker IPOs on Wall St

JOHN MCDULING  |  FRIDAY, 3 DEC 2010
Currency remains one of the hottest topics in financial services and that was reinforced overnight with online foreign exchange broker FXCM raising more than US$200 million through an initial public offering of shares on Wall Street.

More turbulence ahead: De Bever

JOHN MCDULING  |  FRIDAY, 3 DEC 2010
The former chief investment officer of the Victorian Funds Management Corporation says that "bonds are an accident waiting to happen" and that the global economy is on the cusp of "a huge structural shift, probably one that we haven't seen since 1900."

Bell Potter faces $22m class action

ELISE BURGESS  |  FRIDAY, 3 DEC 2010
Bell Potter Securities is facing wrongful conduct allegations in a class action from over 50 clients, claiming losses of approximately $22 million.

RMBS under the spotlight

RUTH LIEW  |  THURSDAY, 2 DEC 2010
While liquidity has improved in Australia's residential mortgage-backed securities (RMBS) market, more needs to be done to boost the attractiveness and stability of the sector, said an industry expert.

IOOF awards Legg Mason $100m small caps mandate

JOHN MCDULING  |  THURSDAY, 2 DEC 2010
IOOF has given Legg Mason a $100 million Australian small companies mandate after consolidating its United Funds Management and MultiMix assets into a single portfolio.