Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Investment

Ponzi scheme operator admits guilt

ASIC RELEASE  |  WEDNESDAY, 3 MAR 2010
Ponzi scheme operator Hazel Bernice Bucello yesterday pleaded guilty to six counts of deception which cost investors over $2.5 million, following an investigation by ASIC.

US fund managers say long term, trade short term

MICHAEL HOBBS  |  WEDNESDAY, 3 MAR 2010
A US-based study has found many US fund managers are churning their portfolio more often than they said they would - giving new evidence that short-termism is rife and long-termism is just lip service for many.

Multiport upgrades UMA service

COMPANY RELEASE  |  WEDNESDAY, 3 MAR 2010
Multiport has improved its unified managed account offer by upgrading its model portfolio management system - allowing SMSFs to use model portfolios alongside their direct investments on the same Multiport service.

SuperAlphaFund closes shop in Australia

RUTH LIEW  |  WEDNESDAY, 3 MAR 2010
Managed futures fund manager SuperAlphaFund is winding up its operations in Australia after setting up shop less than two years ago due to a disagreement with ASIC.

FT launches second Asian real estate fund

COMPANY RELEASE  |  WEDNESDAY, 3 MAR 2010
Franklin Templeton Real Estate Advisors has launched its Asian Real Estate fund 2 after the previous fund by the same name closed with over $420 million from European and Australian investors.

Prudential back in town

MICHELLE BALTAZAR  |  TUESDAY, 2 MAR 2010
Financial services giant Prudential will be the new owner of AIA Group (AIA), the Australasian life insurance businesses of AIG Group, in a deal worth US$35.5 billion - a move that potentially brings the Prudential name back in Australia after 12 years ...

J.P. Morgan hires 50 for custody business

MICHAEL HOBBS  |  TUESDAY, 2 MAR 2010
J.P. Morgan's custody business has hired 50 executives across taxation, business analytics and client servicing in the past four months to cope with client demand.

Aviva Investors and Cbus win awards

COMPANY RELEASE  |  TUESDAY, 2 MAR 2010
Aviva Investors has won the investment manager category and Cbus has taken out the superannuation category at the Melbourne Centre for Financial Studies 2010 Investment Stewardship Awards.

AXA Framlington eyes Japanese tech firms

MICHAEL HOBBS  |  TUESDAY, 2 MAR 2010
AXA Framlington is allocating more than 10 per cent of its portfolio to Japanese companies to access firms selling robotics technology to China as the country's demand for sophisticated technology grows.

MSCI buys RiskMetrics

MICHAEL HOBBS  |  TUESDAY, 2 MAR 2010
MSCI has bought risk management and corporate governance researcher, RiskMetrics, in a cash and stock transaction worth more than A$1.7 billion, but a RiskMetrics spokesperson said it's business as usual in Australia.