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Investment

African dev't needs private equity: Mobius

MICHAEL HOBBS  |  TUESDAY, 8 JUN 2010
Mark Mobius, executive chair at Templeton Asset Management, said private equity firms could play a major role in developing Africa's natural resources.

Portfolio manager movement accelerates

PRESS RELEASE  |  TUESDAY, 8 JUN 2010
The number of fund managers switching investment houses doubled in the last six months, S&P reported.

H3 Global hits $250m mark

MICHAEL HOBBS  |  TUESDAY, 8 JUN 2010
H3 Global Advisors is ramping up its push to attract more super fund mandates after tipping over the $250 million under management mark.

Future Fund chair attacks RSPT

ALEX DUNNIN  |  MONDAY, 7 JUN 2010
In an unprecedented intervention into the political war around the government's mining tax proposal, the chairman of the public sector Future Fund said the tax should be re-designed or scrapped.

Sigma buys CPG Research & Advisory

RUTH LIEW  |  MONDAY, 7 JUN 2010
Sigma Alpha International Limited (SAIL) has bought asset consulting firm CPG Research & Advisory, a consultancy firm with around $11 billion of assets under advice.

Magellan raises cash six-fold on Euro debt fears

MICHAEL HOBBS  |  MONDAY, 7 JUN 2010
Magellan Financial Group increased the cash weighting of its Global fund from 2 per cent to 12 per cent four weeks ago due to concerns about the European debt crisis.

Hastings consortium buys $290m stake in US infra

COMPANY RELEASE  |  MONDAY, 7 JUN 2010
Hastings Funds Management and Zachry American Infrastucture have acquired a major stake in a US-based natural gas terminal in a deal worth $290 million.

BT names head of income & fixed interest

COMPANY RELEASE  |  MONDAY, 7 JUN 2010
BT Investment Management (BTIM) has promoted Vimal Gor to head of income and fixed interest.

NAB addresses ACCC concerns

ASX STATEMENT  |  FRIDAY, 4 JUN 2010
National Australia Bank (NAB) hopes to appease the ACCC's concerns about the planned AXA APH acquisition by potentially divesting the North Wealth.net investment platform, one of the causes of the competition regulator's concerns.

ETCs close to platform launch

MICHAEL HOBBS  |  FRIDAY, 4 JUN 2010
Exchange traded commodities (ETCs) could soon become available on investment platforms.