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Investment

Direct property with a social conscience

MICHAEL HOBBS  |  WEDNESDAY, 2 JUN 2010
A social finance group has launched a direct property investment strategy with a difference, allowing wholesale investors to gain a return while also assisting community aid organisations.

Challenger launches Bentham

MICHELLE BALTAZAR  |  TUESDAY, 1 JUN 2010
Challenger Financial Services has launched Bentham Asset Management, an investment boutique created on the back of the group's recently purchased assets from Credit Suisse.

BNP Paribas merger with Fortis complete

COMPANY RELEASE  |  TUESDAY, 1 JUN 2010
BNP Paribas Investment Partners' merger with Fortis Investments is complete, with Robert Harrison appointed chief executive of the 14th largest fund manager in Australia with $24 billion in assets under management.

CFSGAM targets global trends with commodities fund

MICHAEL HOBBS  |  TUESDAY, 1 JUN 2010
Colonial First State Global Asset Management (CFSGAM) banks on global trends including population growth, demand for biofuels and the emerging 'middle class' to make a return for investors.

NAB gains more time on AXA deal

ASX RELEASE  |  TUESDAY, 1 JUN 2010
AXA Asia Pacific, AXA SA and NAB have each agreed to extend the period for NAB to satisfy concerns raised by ACCC till 15 June this year.

Alaskan SWF targets private equity

FUND RELEASE  |  TUESDAY, 1 JUN 2010
The Alaska Permanent Fund is set to approve a $700 million investment to private equity assets for the next financial year.

Investec wins $150m AMP Cap mandate

COMPANY RELEASE  |  TUESDAY, 1 JUN 2010
Investec Asset Management has gained a $150 million mandate from AMP Capital Investors to invest in emerging markets.

Aviva Investors mines Asia for mandates

MICHAEL HOBBS  |  MONDAY, 31 MAY 2010
Aviva Investors Australia is expanding aggressively into the Asian market to plug the $4.4 billion hole left by the sale of Aviva Australia's insurance to NAB/MLC.

Former AllianceBernstein team attracts $275m

MICHAEL HOBBS  |  MONDAY, 31 MAY 2010
Former New Zealand-based AllianceBernstein portfolio managers, now Harbour Asset Management, have attracted $275 million to their Australasian equity strategy since opening their doors in January.

CalSTRS finances solar energy project

COMPANY RELEASE  |  MONDAY, 31 MAY 2010
The California State Teachers Retirement System (CalSTRS) and a number of investors have invested more than $175 million to help a solar energy company build 14 solar power plants in the US.