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Investment

Future Fund ex-strategy chief opens Scarce Capital

MICHELLE BALTAZAR  |  MONDAY, 22 NOV 2010
Tony Day, the former head of strategy at the Future Fund, has set up Scarce Capital, a new advisory services business that aims to help investors who want more than just a run-of-the-mill approach in global asset allocation and strategy.

RI Advice investment team departure

ELISE BURGESS  |  FRIDAY, 19 NOV 2010
Changes are afoot at dealer group RI Advice, after its internal investment research team departs to start their own business with Ray Miles-owned Fortnum Financial Group as a client.

Shareholders vent fury over exec pay

JOHN MCDULING  |  FRIDAY, 19 NOV 2010
The deep wounds caused by the GFC to investors are a long way from healing, with shareholder resentment over executive pay packets still at an all-time high.

Asgard ramps up ETFs and direct equities strategy

ELISE BURGESS  |  FRIDAY, 19 NOV 2010
The newly-appointed head of Asgard, Craig Lawrenson, has mapped out a three-year business plan, including a more aggressive strategy towards providing direct equities, model portfolios and Exchange Traded Funds (ETFs) to its platform.

Fund manager challenges 'avoid' rating

RUTH LIEW  |  THURSDAY, 18 NOV 2010
Morningstar gave Alphinity's Concentrated Australian fund an 'avoid' rating citing concerns about the fee structure - but Challenger, which has a stake in the boutique, questioned the report calling the comments "emotional rather than logical".

Investors lose $7m in Qld scam

ASIC RELEASE  |  THURSDAY, 18 NOV 2010
A group of Queensland-based investors learnt the hard way why they should avoid unlicensed financial advice providers after ASIC catches another $7 million scam.

Direct property makes a comeback

JOHN MCDULING  |  THURSDAY, 18 NOV 2010
A number of super funds including Professional Associations Super, Asset Super, Sunsuper and AustralianSuper have added their exposure to direct property in recent months, Rainmaker research shows.

When Irish eyes are frowning

JOHN MCDULING  |  THURSDAY, 18 NOV 2010
Local fixed interest managers are positioning their portfolios carefully to avoid the Irish fiscal hangover and to exploit opportunities.

Instos want more rewards for low-carbon assets

ELISE BURGESS  |  THURSDAY, 18 NOV 2010
A group statement signed by 259 global investors, with collective assets totalling over US$15 trillion, calls for stronger policies to incentivise more private capital going into sustainable investments

Median Australian shares fund down: Mercer

ELISE BURGESS  |  WEDNESDAY, 17 NOV 2010
Australian shares have rallied in October after a strong September lead but the median result for Australian share funds were slightly worse than the market, the latest Mercer Survey shows.