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Investment

Mining royalties should go into SWF

ALEX DUNNIN  |  FRIDAY, 7 MAY 2010
With the uproar surrounding the government's proposed 'mining super profits' tax, a less controversial solution may be putting mining royalties directly into an Australian sovereign wealth fund.

Aviva boost MLC and NAB Wealth numbers

NAB RESULTS  |  THURSDAY, 6 MAY 2010
The wealth management businesses of NAB posted strong half-year figures thanks to improved markets, higher funds under management and insurance sales, and the contributions from Aviva's wealth management business in Australia.

Challenger buys Credit Suisse funds

RUTH LIEW  |  THURSDAY, 6 MAY 2010
Challenger Financial Services Group has bought Credit Suisse Investments Australia, in a deal which will add nearly $1.8 billion to Challenger's FUM and broaden Challenger's footprint in the credit sector.

PM repeats calls to make Australia a fin services hub

At an industry forum yesterday, the Prime Minister Kevin Rudd talks about the next wave of superannuation reforms and the critical role the financial services sector play in the national economy.

INGIM builds distribution from ground up

MICHELLE BALTAZAR  |  WEDNESDAY, 5 MAY 2010
ING Investment Management (INGIM) is in the market for more staff, including BDMs, as it rolls out an ambitious wholesale distribution strategy to be led by former Genesys deputy head Jim McKay.

Gunns freezes MIS offerings

RUTH LIEW  |  WEDNESDAY, 5 MAY 2010
Gunns Limited, which owns the Responsible Entity of several Great Southern schemes, flagged it will not be making any MIS offers this financial year.

BT dominates platform land

RUTH LIEW  |  WEDNESDAY, 5 MAY 2010
BT Financial Group received 1 in every 4 dollars invested in platforms during the half year to March 31 - a strong performance that contributed to Westpac's profit results for the period.

Fortitude and Aurora merge to create $570m manager

MICHAEL HOBBS  |  TUESDAY, 4 MAY 2010
Hedge fund manager Fortitude Capital and Aurora Funds have signed a deal to merge - a move that will form a $570 million fund manager.

Future Fund tops up alternatives

RUTH LIEW  |  TUESDAY, 4 MAY 2010
The $66 billion Future Fund has grown its property, alternatives and infrastructure portfolios in the quarter to March - when it returned 2.8 per cent (ex-Telstra).

AMP seeks NZ regulator approval for AXA bid

PRESS STATEMENT  |  TUESDAY, 4 MAY 2010
AMP has applied to the New Zealand Commerce Commission for clearance to buy AXA Asia Pacific's Australian and New Zealand business.