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Investment

Broker jailed for false trades

ASIC RELEASE  |  WEDNESDAY, 14 JUL 2010
Former Macquarie Equities client adviser Newton Chan has been sentenced to a 20-month imprisonment term - serving four months immediately before being released on a recognisance release order - for share price manipulation.

Boutique and big brands top SMA

S&P RELEASE  |  MONDAY, 12 JUL 2010
Fund managers Dalton Nicol Reid, Goldman Sachs JBWere, Hyperion, Ralton, UBS Global Asset Management (Australia) were all rated as the top SMA model portfolio providers, research shows.

HFA renames to CERTITUDE Global Investments

MICHAEL HOBBS  |  MONDAY, 12 JUL 2010
HFA Asset Management is rebranding to CERTITUDE Global Investments as the business repositions itself as a multi-asset active manager.

Aviva takes over Henderson property fund

RUTH LIEW  |  MONDAY, 12 JUL 2010
Aviva Investors will manage the Henderson International Property Fund portfolio, which includes Australian assets, after being named investment manager and authorised corporate director of the fund.

CFSGAM aims for top quartile UN PRI performance

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
Colonial First State Global Asset Management (CFSGAM), the largest fund manager in the country, mounts an ambitious strategy to rank as a top quartile fund based on performance when measured against the key principles set in the UN PRI.

Temasek seeks Asian equities fundies

RUTH LIEW  |  FRIDAY, 9 JUL 2010
Local Asian equities fund managers looking to win mandates should pay the $150 billion Temasek Holdings another visit, after the sovereign fund flagged plans to boost its Asian portfolios, according to its annual performance report released yesterday.

Coding error review prompts sell rating

MEDIA RELEASE  |  FRIDAY, 9 JUL 2010
Standard & Poor's Fund Services has rated the AXA Wholesale Global Equity - Core fund as a "sell" after the final review from AXA Rosenberg about the mishandling of a coding error, which ultimately led to the group founder's resignation and demotion ...

Another LIC fails

MICHAEL HOBBS  |  THURSDAY, 8 JUL 2010
Shareholders in listed investment company (LIC), India Equities Fund, have voted to return capital to investors - another example of the weaknesses of LIC vehicles.

BNY Mellon JVs for China funds strategy

PRESS RELEASE  |  THURSDAY, 8 JUL 2010
BNY Mellon and China-based Western Securities have received regulatory approval to develop a joint venture funds management company in China.

Aus Ethical changes portfolio manager

S&P RELEASE  |  THURSDAY, 8 JUL 2010
Standard & Poor's has placed the Australian Ethical Large Companies Share fund 'on hold' after the portfolio manager was changed.