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Investment

AXA Real Estate and Sumitomo sign property deal

PRESS RELEASE  |  TUESDAY, 27 APR 2010
AXA Real Estate Investment Managers has signed a deal with Sumitomo Trust and Banking to raise $585 million for a Japanese real estate investment trust.

NAB/AXA merger not anti-competitive: research

MICHELLE BALTAZAR  |  FRIDAY, 23 APR 2010
Researcher Roy Morgan joins the chorus of dissenting voices on ACCC's reasons for blocking the NAB bid for AXA, releasing a report that shows a combined NAB/AXA or AMP/AXA would have the same impact on industry competition.

S&P gives Aberdeen fund 3 stars

COMPANY RELEASE  |  FRIDAY, 23 APR 2010
S&P Fund Services has rated the Aberdeen Capital Growth Fund three stars, after the fund was placed 'On Hold' following Aberdeen's acquisition of parts of Credit Suisse which affected the management of this product.

AXA technology available to all: provider

MICHAEL HOBBS  |  FRIDAY, 23 APR 2010
The technology behind AXA Australia's platform, one of the key reasons why the competition regulator blocked NAB's bid for the company, can be accessed by anyone in the market, according to one technology provider.

OC Funds Management buys MA firm

PRESS RELEASE  |  FRIDAY, 23 APR 2010
OC Funds Management has bought Australian shares managed accounts provider, Patriot Managed Accounts.

Wingate slams Everest governance, wants board out

MICHELLE BALTAZAR  |  THURSDAY, 22 APR 2010
Wingate Group wins a small victory in its campaign to oust the Everest board due to poor governance after Everest said it will not award an options package to its chief executive Jeremy Reid.

Sovereign fund takes shine to platinum

MICHAEL HOBBS  |  THURSDAY, 22 APR 2010
Sovereign fund Temasek and European-based pension fund APG are looking to invest more than $50 million each in a South African platinum exploration and development firm.

Hedge fund Apeiron joins Blue Sky

MICHAEL HOBBS  |  THURSDAY, 22 APR 2010
Award-winning hedge fund, Apeiron Global Macro Fund, has joined with Brisbane-based alternative strategies firm, Blue Sky Funds Management, to attract more institutional investment.

FSA starts Goldman Sachs investigation

RUTH LIEW  |  THURSDAY, 22 APR 2010
The UK's Financial Services Authority is launching its own investigation into Goldman Sachs' alleged fraud activities, following charges to the firm by the Securities and Exchange Commission in the US.

UK council seeks global infrastructure manager

RUTH LIEW  |  THURSDAY, 22 APR 2010
Australian infrastructure fund managers take heed; the Essex County Council is looking for a new global infrastructure manager for an $83 million investment mandate.