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Investment

Australian Ethical taps global smart energy

MEDIA RELEASE  |  TUESDAY, 16 FEB 2010
Fund manager Australian Ethical has repositioned its International Equities Trust to focus on global smart energy.

Westpac and St.George merger ahead of schedule

MICHAEL HOBBS  |  TUESDAY, 16 FEB 2010
Westpac and St.George Bank's merger is proceeding ahead of plan.

EQT wins RE mandate with Janus

COMPANY RELEASE  |  MONDAY, 15 FEB 2010
Janus Capital Group has appointed Equity Trustees as the Responsible Entity for the recently launched Janus Global Research 130/30 Fund.

Islamic finance crucial for Australia: Crean

GOVERNMENT RELEASE  |  MONDAY, 15 FEB 2010
The $1 trillion Islamic finance market is a crucial part of the Australian Government's strategy to make Australia a financial hub in Asia Pacific, according to Simon Crean, minister for trade.

AMG buys Pantheon Ventures

COMPANY RELEASE  |  FRIDAY, 12 FEB 2010
Affiliated Managers Group is paying US$775 million for Pantheon Ventures, a subsidiary of Russell Investments.

State Street gains Charles Schwab ETF admin

COMPANY RELEASE  |  FRIDAY, 12 FEB 2010
State Street has been appointed by Charles Schwab to provide custody, fund accounting, fund administration and transfer agency service to the bank's eight exchange traded funds (ETF).

Mercer recommends pullback on global equities

COMPANY RELEASE  |  THURSDAY, 11 FEB 2010
Mercer is advocating investors move their global equities allocation back to benchmark weight for now as investment markets start to look fair value.

ACCC seeks more info on AMP and NAB bids

ACCC RELEASE  |  THURSDAY, 11 FEB 2010
The Australian Competition and Consumer Commission (ACCC) is seeking more information on the competition issues identified during their research of the separate proposed acquisitions by AMP and NAB of AXA Asia Pacific.

Trio funds to be wound up

COMPANY RELEASE  |  THURSDAY, 11 FEB 2010
PPB, the administrator of Trio Capital, is filing a court application to wind up six of the failed fund manager's funds following an initial investigation of the schemes.

CFS platforms gain $1.9bn net flows

MICHAEL HOBBS  |  WEDNESDAY, 10 FEB 2010
Colonial First State's investment platforms, FirstChoice and Custom Solutions, recorded positive net flows of $1.9 billion for the half year to December 2009, according to the bank's interim numbers.