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Investment

SEC hunts BP oil spill scammers

RUTH LIEW  |  THURSDAY, 1 JUL 2010
Looking to make a quick buck out of the US' Gulf of Mexico oil spill debacle? Think again - the SEC is cracking down on oil spill stock scams targeting investors to chip money into false cleanup strategies.

452 Capital returns 32pc in Morgan's absence

MICHAEL HOBBS  |  WEDNESDAY, 30 JUN 2010
452 Capital's Australian share strategy posted more than 32 per cent in gross returns, just slightly above its benchmark, while co-founder Peter Morgan remains on extended leave for health reasons.

Tyndall launches share income fund

MICHAEL HOBBS  |  TUESDAY, 29 JUN 2010
Tyndall Investment Management has launched a new fund that aims to provide tax-effective income and capital growth for institutional investors.

No complaints for HK regulator

MICHAEL HOBBS  |  TUESDAY, 29 JUN 2010
Regulators worldwide have been criticised for failing to deal appropriately to the outcomes of the global financial crisis but the Hong Kong securities and futures regulator has received an overall thumbs up from market participants.

Everest winds down operations

RUTH LIEW  |  MONDAY, 28 JUN 2010
Alternatives manager Everest Financial Group is winding down its operations following a strategic review, with Jeremy Reid relinquishing his role as chief executive in the process.

Vanguard to release 19 more ETFs

MICHAEL HOBBS  |  MONDAY, 28 JUN 2010
US-based Vanguard plans to provide 19 exchange traded funds (ETFs) across FTSE, MSCI, Russell and Standard & Poor's indices that it says will be cheaper than existing products.

ASIC reaches $2.5m Westpoint settlement

COMPANY RELEASE  |  MONDAY, 28 JUN 2010
ASIC has successfully obtained court approval for a $2.5 million settlement on behalf of clients who invested in Westpoint products, following the advice of Glenhurst Corporation.

Raising SG must remain despite RSPT outcome: Brogden

MICHAEL HOBBS  |  FRIDAY, 25 JUN 2010
The Investment & Financial Services (IFSA) is calling on the government to commit to increasing the superannuation guarantee (SG) to 12 per cent regardless of the outcome of the Resource Super Profits Tax (RSPT) negotiations.

H3 Global Advisors sponsors Griffith students

PRESS RELEASE  |  THURSDAY, 24 JUN 2010
H3 Global Advisors has partnered with Griffith University to sponsor two students enrolled in applied finance at the university.

Challenger wins $650m mandate

RUTH LIEW  |  THURSDAY, 24 JUN 2010
Challenger has won a $650 million mandate to be invested in its Guaranteed Index Return product, bringing the total guaranteed product sales for the life company to an estimated $2.15 billion this financial year.