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Investment

ASIC targets alleged Ponzi scheme

ASIC RELEASE  |  WEDNESDAY, 14 APR 2010
ASIC has obtained court orders freezing $14.6 million in assets of four men from Victoria and Western Australia, due to concerns about the possible operation of a Ponzi-style scheme.

Barclays Cap launches rates and FX services

PRESS RELEASE  |  WEDNESDAY, 14 APR 2010
Barclays Capital has opened its onshore rates and FX trading and distribution business in Australia.

Man wins $1.08 billion mandate

RUTH LIEW  |  TUESDAY, 13 APR 2010
Man Investments has won a $1.08 billion managed account mandate from one of the biggest pension funds in the UK, the $46 billion Universities Superannuation Scheme.

MoneyForLife ups ratchet frequency

COMPANY RELEASE  |  TUESDAY, 13 APR 2010
ING Australia's longevity product MoneyForLife has increased its ratchet frequency from biennally (every two years) to annually.

HFA to re-open flagship fund

HFA RELEASE  |  TUESDAY, 13 APR 2010
HFA Asset Management is set to re-open its flagship $565 million Diversified Investments Fund to new investment as early as July this year - more than a year since it was forced to suspend redemptions due to the liquidity crisis.

Can fee-for-service insurance advice work?

MICHELLE BALTAZAR  |  MONDAY, 12 APR 2010
It is still too early to conclude that commissions-based insurance advice is affordable for the general public but two planning groups show that it can work for certain segments of the market.

Instos target affordable housing

RUTH LIEW  |  MONDAY, 12 APR 2010
Industry funds are eyeing affordable rental housing as the next property hot spot, as some institutions express interest in awarding mandates to Affordable Housing Australia, said managing director Michael Kerans.

Former GSJBW partner starts hedge fund

RUTH LIEW  |  MONDAY, 12 APR 2010
Tim Hannon, the former head of real estate at Goldman Sachs, has set up a boutique fund management firm and launched the Evergreen Capital Australian Equities Return Fund.

Lonsec names top global equities funds

COMPANY RELEASE  |  MONDAY, 12 APR 2010
T.Rowe Price Global Equity fund, Templeton Global Equities fund and Goldman Sachs JBWere International fund are among seven funds that received a 'highly recommended' rating from Lonsec's global equity review.

Debt disclosure to revive agribusiness

MICHELLE BALTAZAR  |  FRIDAY, 9 APR 2010
Almost a year on to the day Timbercorp fell, the future of the agribusiness industry remains on shaky ground - but proposed measures demanding agribusiness operators to open their books to the public, including how much debt they owe, could renew investor ...