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Investment

Politics shape investment choices: study

ELISE BURGESS  |  FRIDAY, 5 NOV 2010
Investors make some of their investment decisions based on whether they support the political party in power or not, academic research shows.

Toll roads lead global $50bn M&A activity

ELISE BURGESS  |  FRIDAY, 5 NOV 2010
Infrastructure investments worldwide are due to attract at least $50 billion from pension and sovereign funds over the next two years with toll roads at the top of the buy list.

Bell IXL eyes India Equities

RUTH LIEW  |  THURSDAY, 4 NOV 2010
National Stock Exchange-listed boutique investment firm, Bell IXL Investments, has made a takeover bid for troubled listed investment company India Equities Fund (INE).

Westfield announces restructuring, to launch new A-REIT

JOHN MCDULING  |  WEDNESDAY, 3 NOV 2010
Westfield announced plans this morning to spin a significant proportion of its local assets into the new Westfield Retail Trust, which it expects will be one of the three largest real estate investment trusts (REIT) in the Australian market.

Bendigo and Adelaide Bank completes Linear deal

ELISE BURGESS  |  WEDNESDAY, 3 NOV 2010
Bendigo and Adelaide Bank have finalised its 24 per cent stake purchase in Linear Asset Management with immediate plans for Linear's wealth management platform.

Westpac shines with $6.5bn full year profit

JOHN MCDULING  |  WEDNESDAY, 3 NOV 2010
Westpac has outshone its big four banking rivals, announcing full year net profits of $6.5 billion this morning, up a staggering 84 per cent on last year's result, with BT Financial Group one of its best performing business units.

Global Capital Investment launch Iraq Fund

ELISE BURGESS  |  WEDNESDAY, 3 NOV 2010
Global Capital Investments will invest in listed equities on the Iraq Stock Exchange (ISX) through its newly-launched Iraq Fund.

Aus Ethical donates $1m to charity

MEDIA RELEASE  |  WEDNESDAY, 3 NOV 2010
Canberra based fund manager Australian Ethical announced it had donated more than $1 million into the community over the last ten years, after distributing $124,941 in its 2010 community grants program.

ETFs distort stock fundamentals

ALEX DUNNIN  |  WEDNESDAY, 3 NOV 2010
Money pouring into global ETFs is changing the dynamic drivers behind global stock prices, pushing macro beta factors to fore rather than fundamentals, said hedge fund advisory firm Hennessee Group.

KKR bid signals more M&A in wealth mgmt

RUTH LIEW  |  TUESDAY, 2 NOV 2010
Kohlberg Kravis Roberts' takeover bid for Perpetual is an endorsement of the health of Australia's wealth management industry - and reinforces the appeal of the sector to global investors, says the chief executive of BT Investment Management.