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Investment

Unregistered MIS operator arrested

COMPANY RELEASE  |  THURSDAY, 5 NOV 2009
The former director of Fuelbanc Australia and operator of an unregistered managed investment scheme, Stephen McDougall, was arrested yesterday after the court charged him with nine counts of dishonest use of his position as an officer of the company.

ING Clarion wins inflows and award

COMPANY RELEASE  |  WEDNESDAY, 4 NOV 2009
ING Clarion Real Estate Securities has attracted more than $600 million from local investors this year and won the 2009 S&P Fund Awards property category for the third time.

MFS on expansion trail

MICHELLE BALTAZAR  |  TUESDAY, 3 NOV 2009
US-based fund manager MFS has increased its market share in global equities funds management by 44 per cent in 12 months - underpinning a worldwide expansion strategy that includes bigger operations in Australia.

HSBC takes over local distribution

MICHAEL HOBBS  |  TUESDAY, 3 NOV 2009
HSBC has dropped its local funds distribution arrangement for its Asia and China investment strategies with Challenger this week in favour of distributing the funds itself.

EQT and Schroder get ratings upgrade

COMPANY RELEASE  |  TUESDAY, 3 NOV 2009
The EQT PIMCO Wholesale Diversified Fixed Interest fund was upgraded from four stars to five stars while Schroder Fixed Income fund's rating was also changed from three to four stars following a sector review by Standard & Poor's.

US finance firms announce emission cuts

COMPANY RELEASE  |  TUESDAY, 3 NOV 2009
US-based banks and fund managers have outlined plans to reduce their greenhouse gas emissions, including Wells Fargo, which this month announced plans to cut its emissions by 20 per cent in less than 10 years.

Super funds eye catastrophic investing

MICHELLE BALTAZAR  |  MONDAY, 2 NOV 2009
Credit Suisse Investments hopes to fill the local investment gap for alternative asset classes that are genuinely uncorrelated to domestic equities - a move that ends in "catastrophe".

Under 30s shine in Future Leaders Awards

MICHELLE BALTAZAR  |  MONDAY, 2 NOV 2009
Julia Feher from the Australian Securities and Investments Commission (ASIC) won this year's IFSA/Deloitte Future Leaders Awards for her paper recommending a "pay for use" financial planning business model.

NAB launches new mortgage division

COMPANY RELEASE  |  MONDAY, 2 NOV 2009
National Australia Bank (NAB) has completed the acquisition of Challenger's mortgage management business and launched a new business division within NAB Personal Banking.

CFS and Brookfield scoop property awards

PIR RELEASE  |  MONDAY, 2 NOV 2009
Property Investment Research (PIR) has awarded CFS Retail Property Trust (CFX) as the A-REIT of the Year and Brookfield Secured Bonds as the Product of the Year at the research firm's annual forum held this month.