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Investment

ASIC targets MIS operators

ASIC RELEASE  |  THURSDAY, 16 SEP 2010
MIS operators Frederick Leslie Hansen and William John Meywes from Global Rule have come under ASIC fire for managing an unregistered managed investment scheme.

S&P withdraws sell rating on 452 funds

S&P RELEASE  |  THURSDAY, 16 SEP 2010
Standard & Poor's Fund Services has withdrawn its 'sell' ratings on the CFS 452 Australian Share and Geared Australian Share strategies.

BHP anticipates global carbon price

ELISE BURGESS  |  THURSDAY, 16 SEP 2010
Marius Kloppers, chief executive officer of BHP Billiton, discussed at a key industry event yesterday the impending impact of a global carbon price being set and what effect this will have on companies such as BHP Billiton.

Challenger to open redemptions on mortgage fund

MICHELLE BALTAZAR  |  WEDNESDAY, 15 SEP 2010
Challenger's Howard Mortgage Fund proposes to make $850 million of funds available for investor redemptions by Christmas, as part of a major restructuring to improve returns and liquidity.

NAB exits AXA AP bidding war

RUTH LIEW  |  WEDNESDAY, 15 SEP 2010
National Australia Bank has dropped its bid to buy AXA Asia Pacific, paving the way for other parties to acquire AXA AP's Australian and New Zealand assets.

SG Hiscock wins $500 million AREIT mandate from Challenger

JOHN MCDULING  |  WEDNESDAY, 15 SEP 2010
Challenger Managed Investments Limited (CMIL) has appointed SG Hiscock & Company to manage two of its real estate securities funds.

ASIC reaches sixth Westpoint settlement

ASIC RELEASE  |  WEDNESDAY, 15 SEP 2010
ASIC has reached another Westpoint settlement, this time against Barzen Pty Ltd (formerly Dukes Financial Services) and Joseph Dukes for $1 million.

Investec eyes aircraft leasing market

NEWS RELEASE  |  TUESDAY, 14 SEP 2010
Hoping to exploit the burgeoning demand for alternative assets, Investec Global Aircraft Fund launched an open-ended capital raising yesterday and appointed a former senior Qantas executive to its investment committee.

More governance needed on remuneration

RUTH LIEW  |  MONDAY, 13 SEP 2010
Super funds can do more to exert their influence on remuneration policies after new research suggests CEO pay packages barely changed despite the GFC.

China not heading for a property bust

RUTH LIEW  |  MONDAY, 13 SEP 2010
Talks of a property bubble in China are overstated as the Chinese government has introduced new home ownership and lending rules to cool the market, said an investment expert.