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Investment

Unitholders approve Challenger mortgage fund restructure

JOHN MCDULING  |  TUESDAY, 2 NOV 2010
The Challenger Howard Mortgage Fund's 80,000 unitholders have overwhelmingly supported proposals to restructure the fund, the company said in a statement today.

Ipac awards $1bn in fixed interest mandates

RUTH LIEW  |  TUESDAY, 2 NOV 2010
AXA-owned ipac has awarded a combined $1 billion-plus in fixed interest mandates to Morgan Stanley, Old Mutual Asset Management and Kapstream Capital.

CFS funds placed 'on hold' following staff departure

MEDIA RELEASE  |  TUESDAY, 2 NOV 2010
S&P fund services has placed the CFS Wholesale Global Share Fund and the CFS Wholesale Geared Global Share Fund 'on hold' following the second departure from the fund manager in three months.

AIA raises US$20.5bn in IPO

JOHN MCDULING  |  TUESDAY, 2 NOV 2010
AIA's long awaited IPO was a resounding success last week, with US$20.5 billion raised in the share sale to retail and insititutional investors, making it the third largest IPO in history, and the largest ever for the Hong Kong market.

BTFG drops van Eyk for S&P

ELISE BURGESS  |  MONDAY, 1 NOV 2010
BT Financial Group (BTFG) has replaced van Eyk with Standard & Poor's Fund Services (S&P) for product research to be used by Westpac Financial Planning and dealer group Magnitude Financial Planning.

Future Fund adjusts long term asset allocation strategy

JOHN MCDULING  |  MONDAY, 1 NOV 2010
The Future Fund's annual report released last Friday shed some light on how the fund uses its voting rights and why it has made changes to its asset allocation strategy.

More defensive products hit marketplace

JOHN MCDULING  |  MONDAY, 1 NOV 2010
The launch of defensive, income-generating strategies continues to gather steam as product manufacturers look to tap into the sentiment of risk-averse investors.

Clash of the titans on housing bubble

JOHN MCDULING  |  FRIDAY, 29 OCT 2010
The debate over an Australian housing bubble resurfaced this week and two of the world's leading investment houses are on opposite sides of the argument.

Macquarie beats expectations with interim results

JOHN MCDULING  |  FRIDAY, 29 OCT 2010
Macquarie Group posted half year net profits of $403 million this morning, a fall of 16 per cent on the prior half and 29 per cent on the prior year, but stronger than its previously issued guidance and market expectations.

Principal boutique launches currency fund

COMPANY RELEASE  |  FRIDAY, 29 OCT 2010
Macro Currency Group has launched the Principal High Alpha Currency fund, a Dublin-registered qualifying investor fund with AUD$40 million of external seed capital.