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Investment

MLC adds eight debt managers

COMPANY RELEASE  |  MONDAY, 22 FEB 2010
MLC has changed the way it manages debt securities in the MLC Horizon portfolios and its Diversified Debt fund, with eight investment managers winning new mandates but Bridgewater and BlackRock dropped from the line up.

Guggenheim buys Security Benefit

COMPANY RELEASE  |  FRIDAY, 19 FEB 2010
US-based Guggenheim Partners has agreed to acquire Security Benefit, owner of Bennelong Funds Management's global equities provider, Security Global Investors.

Investors revamp intl property strategy

RUTH LIEW  |  FRIDAY, 19 FEB 2010
The tide is changing for international property assets as Australian instos look to make core investments overseas - a full turnaround from traditional opportunistic offshore strategies, said one property expert.

Prison sentence for finance fraudster

ASIC RELEASE  |  FRIDAY, 19 FEB 2010
Hugh Charles Gordon, the former head of Newcastle investment company Whet Investments, was sentenced to 18 months jail, for fraud.

Mortgage trust managers have lots of questions to answer

JOHN KAVANAGH  |  FRIDAY, 19 FEB 2010
Mortgage fund managers have spent the past couple of days in damage control, reassuring planners and investors that the assets of their funds are secure.

ASIC cancels Hedge Securities licence

ASIC RELEASE  |  THURSDAY, 18 FEB 2010
No answers to phone calls, no longer in operation - ASIC has cancelled Hedge Securities and Investments's Australian financial services licence after finding the company had ceased to carry on a financial services business.

AXA AP angles for bigger slice of Aus market

MICHELLE BALTAZAR  |  WEDNESDAY, 17 FEB 2010
AXA Asia Pacific's full-year report today shed some light on why it's being courted by National Australia Bank and AMP, but also how it plans to grow its local revenues in the next few years.

IMA research lag hampers investors

RUTH LIEW  |  WEDNESDAY, 17 FEB 2010
The lack of research on individually managed accounts (IMAs) in Australia have prevented more investors from putting their funds in the sector.

Macq sovereign bond fund scoops $300m

MICHELLE BALTAZAR  |  TUESDAY, 16 FEB 2010
Macquarie Funds Group has attracted $300 million of institutional money in a new fund that tracks index returns of sovereign bonds, with no management fees attached.

Russell wins IOOF mandate

RUTH LIEW  |  TUESDAY, 16 FEB 2010
IOOF Holdings has appointed Russell Investments as its investment consultant to help manage its $10 billion multi manager portfolios - a move that puts Russell back in the spotlight on Australia's asset consulting map.