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Investment

Investors back structured prod investments

MICHAEL HOBBS  |  MONDAY, 19 OCT 2009
Self managed super fund (SMSF) trustees and financial planning clients are snapping up structured products that provide exposure to local and Asian markets, with one provider of the products gaining more than $100 million in just 18 months.

ING outsources research to two firms

COMPANY RELEASE  |  MONDAY, 19 OCT 2009
ING Australia is outsourcing its financial product and fund research to two external providers in January as Financial Facts shuts its operations by the end of the year.

Billionaire faces insider trading noose

SEC RELEASE  |  MONDAY, 19 OCT 2009
Billionaire Raj Rajaratnam and his New York-based hedge fund advisory firm, Galleon Management, has been charged for insider trading that allegedly saw him pocket over $27 million in illicit gains.

CalPERS reviews US$50m fees to placement agent

MICHELLE BALTAZAR  |  FRIDAY, 16 OCT 2009
The largest public pension fund in the US, CalPERS, is to investigate "success fees" paid to placement agents by its external fund managers after a disclosure report found more than US$50 million in fees were paid to a placement agency ran by a former ...

Commerzbank sells wealth management arm

COMPANY RELEASE  |  FRIDAY, 16 OCT 2009
Another international bank is divesting its wealth management business to focus on its core business as Commerzbank sells its UK wealth management division, Kleinwort Benson, to RHJ International.

Trust completes business review

COMPANY RELEASE  |  THURSDAY, 15 OCT 2009
Trust Company has finalised a strategic review of their business, which has led to a renewed focus on developing the firm to be the leading trustee in the market.

Asian instos question external managers

COMPANY RELEASE  |  THURSDAY, 15 OCT 2009
Asian institutions remain confident in their overall investment strategies - but many appear to have lost faith in their relatively small lists of external asset managers, according to new research by Greenwich Associates.

Bond index returns beat active managers

MICHAEL HOBBS  |  THURSDAY, 15 OCT 2009
Financial planners should rethink how they invest in Australian bonds after research found active managers underperformed the benchmark more than 94 per cent of the time over three and five years.

OneVue adds DNR

COMPANY RELEASE  |  WEDNESDAY, 14 OCT 2009
OneVue has added five Dalton Nicol Reid MAx, Managed Account Xertus, portfolio mandates to its managed account.

Challenger selects Five Oceans for Asian equities

MICHAEL HOBBS  |  WEDNESDAY, 14 OCT 2009
Challenger Managed Investments has changed the investment manager of its Asian and China funds from Halbis Capital Management to Five Oceans Asset Management, resulting in a revised investment strategy.