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Investment

Market wrap - midday

AAP  |  THURSDAY, 24 SEP 2009
The Australian sharemarket was slightly weaker at noon, edged down by a poor session on Wall Street overnight and falling commodity prices.

AUI signs Asian equities jv

MICHELLE BALTAZAR  |  THURSDAY, 24 SEP 2009
Australian Unity Investments has this afternoon signed a joint venture with two leading Asian equities experts, creating a new local competitor in the sector.

State Street wins QIC mandate

COMPANY RELEASE  |  THURSDAY, 24 SEP 2009
State Street has won a mandate from QIC to provide investment services for the Queensland fund manager's new Irish-domiciled qualified investment fund (QIF).

Macquarie wins award for agricultural fund

COMPANY RELEASE  |  THURSDAY, 24 SEP 2009
Macquarie Agricultural Funds Management (MAFM) has been named Real Asset Manager of the Year at the Foundation & Endowment Money Management's Nonprofit Awards for Excellence.

BlackRock tops multi-sector review

COMPANY RELEASE  |  WEDNESDAY, 23 SEP 2009
BlackRock is the only fund manager to be assigned a 'five star' rating from Standard & Poor's multi-sector group.

Lonsec recommends AUI property fund

COMPANY RELEASE  |  WEDNESDAY, 23 SEP 2009
Australian Unity Investments' (AUI) Property Income Fund has been upgraded to 'Recommended' by Lonsec.

EQT and PIMCO get van Eyk tick

COMPANY RELEASE  |  WEDNESDAY, 23 SEP 2009
Equity Trustees and PIMCO Funds have received AA and A ratings respectively from rating firm van Eyk in its 2009 Global Credit Review Ratings.

GIC pockets $1.8 billion from Citi sale

RUTH LIEW  |  WEDNESDAY, 23 SEP 2009
Singaporean sovereign wealth fund GIC has sold half of its 9 per cent stake in Citigroup - a deal that plumped up GIC's coffers with a $1.8 billion (US$1.6 billion) profit.

Perth fund manager gets wind up orders

ASIC RELEASE  |  WEDNESDAY, 23 SEP 2009
ASIC has obtained court orders to wind up Perth-based Finchley Central Funds Management for failing to comply with its obligations under the law.

Money flows lead to Africa

RUTH LIEW  |  TUESDAY, 22 SEP 2009
Global foreign direct investment flows have changed course in 2008 from developed countries to Africa - making West Africa the fastest growing receiver of FDIs with a 63 per cent increase into the region's coffers.