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Investment

S&P places CFS funds on hold

S&P RELEASE  |  FRIDAY, 20 AUG 2010
Standard & Poor's Fund Services has put two CFS FirstChoice funds 'on hold' following the uncertainty surrounding the future of 452 Capital.

The man who broke the pound retires

JOHN MCDULING  |  FRIDAY, 20 AUG 2010
Stanley Druckenmiller of Dunesque Capital Management, which manages US$12 billion, revealed plans to close his hedge fund and retire from the industry yesterday, after a distinguished 30-year career.

DB's Boyton sees "slow, steady decline" in Aussie housing

JOHN MCDULING  |  FRIDAY, 20 AUG 2010
Deutsche Bank Australia chief economist Adam Boyton weighed in on one of the hottest topics within wealth management at the Deutsche Asset Management conference this morning in Sydney.

Legg Mason Permal Global Absolute Trust earns high rating

ELISE BURGESS  |  FRIDAY, 20 AUG 2010
Newly-launched managed fund, the Legg Mason Permal Global Absolute Return Trust (GAT), has gained a four-star rating from S&P.

452 Capital mandates at risk

RUTH LIEW AND JOHN MCDULING  |  THURSDAY, 19 AUG 2010
The impending departure of three senior executives from boutique fund manager 452 Capital sent shockwaves through the investment community late yesterday, with super funds heavily exposed to the manager reconsidering their investment mandates.

RIAA unveils investment academy

COMPANY RELEASE  |  THURSDAY, 19 AUG 2010
The Responsible Investment Academy will launch its first suite of programs at the seventh international responsible investment conference in Sydney next month.

AMP books 4.4pc rise in profits, AUM stable

JOHN MCDULING  |  THURSDAY, 19 AUG 2010
AMP Limited has posted half year underlying profits of $383 million, up 4.4 per cent compared to last time, buoyed by stable earnings from its insurance and wealth management arms.

Ipac boosts insurance-related investments

MICHELLE BALTAZAR  |  WEDNESDAY, 18 AUG 2010
Ipac Asset Management plans to have as much as a 25 per cent allocation within its alternatives growth portfolio devoted to insurance-related investments, and backs the strategy with a $50 million seed investment into a newly-launched catastrophe insurance ...

Infra bonds get conditional industry support

JOHN MCDULING  |  WEDNESDAY, 18 AUG 2010
The Coalition's plan to issue infrastructure bonds that could raise $20 billion for infrastructure projects has been cautiously endorsed by Australia's largest fixed income managers.

GFC not over, but opportunities abundant: TRG

JOHN MCDULING  |  WEDNESDAY, 18 AUG 2010
Treasury group boutique fund managers were united in the view that the global financial crisis is not over just yet, but that selective opportunities exist for canny investors, at a briefing with journalists yesterday.