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Investment

UBS property fund gets three stars

S&P RELEASE  |  MONDAY, 9 AUG 2010
Standard & Poor's Fund Services has assigned its three-star 'new' rating to the UBS Property Securities Fund.

Amundi wins volatility mandate

RUTH LIEW  |  FRIDAY, 6 AUG 2010
Amundi has won a third key mandate from a local institutional manager, adding to the $6.7 billion in funds that the group manages globally on behalf of investors keen on volatility strategies.

ASIC targets five unregistered property ventures

ASIC RELEASE  |  FRIDAY, 6 AUG 2010
Melbourne company director Mark Ronald Letten has come under further ASIC scrutiny after the regulator moved to appoint receivers to an additional five unregistered property ventures associated with Letten.

MLC drops Challenger for Resolution

MICHAEL HOBBS  |  FRIDAY, 6 AUG 2010
MLC has terminated its Australian real estate investment trust (AREIT) mandate with Challenger Managed Investments and reallocated the funds to Resolution Capital.

Managed fund for charity pays dividends

MICHAEL HOBBS  |  FRIDAY, 6 AUG 2010
Chris Cuffe's Third Link Growth Fund is yet to reach its $150 million goal but has already achieved its more noble goal - delivering a $45,000 cheque to charities each month.

CPPIB refines bid for Intoll

ASX RELEASE  |  FRIDAY, 6 AUG 2010
Three weeks since the Canadian Pension Plan Investment Board (CPPIB) announced plans to buy Sydney-based toll road operator Intoll, the fund has come back to the table with a proposal to buy the entire issued capital of the firm.

ANZ drops ING brand for OnePath

RUTH LIEW  |  THURSDAY, 5 AUG 2010
ING's brand will be phased out as ANZ renames ING's specialist funds management and life insurances businesses in Australia and New Zealand as OnePath.

Acadian strategy gains super and pension mandates

PRESS RELEASE  |  THURSDAY, 5 AUG 2010
Acadian Asset Management's volatility investment strategy has doubled its funds under management and tipped over the $1 billion mark this year after attracting an Australian and Dutch investment mandate.

Solaris struggles to find local gems

MICHAEL HOBBS  |  THURSDAY, 5 AUG 2010
Denis Donohue, managing director at Solaris Investment Management, said the investment team is finding it difficult to find alpha in the local market as macroeconomic issues continue to cloud prospects for many businesses.

Staff departures prompt rating changes

S&P REPORT  |  WEDNESDAY, 4 AUG 2010
Fewer fund managers left their investment houses during the second quarter of the year but those who did were more far important than those who left three months earlier.