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Investment

QIC splits Aussie eq into boutiques

COMPANY RELEASE  |  TUESDAY, 8 SEP 2009
The $65 billion fund manager QIC is restructuring its Australian equities team into separate boutiques of small and large companies - and closing two businesses in its existing line-up.

Fundies split on Hatoyama effect

MICHELLE BALTAZAR  |  MONDAY, 7 SEP 2009
Fund managers specialising in Japanese stocks are divided on how the new government will affect their investments and the local economy, according to the Association of Investment Companies (AIC).

AIG sells asset management to Pacific Century

RUTH LIEW  |  MONDAY, 7 SEP 2009
AIG has sold its external fund management business for $587 million to Pacific Century Group - a Hong Kong-based private investment firm run by billionaire Richard Li.

Packer cuts Challenger ties

RUTH LIEW  |  MONDAY, 7 SEP 2009
Consolidated Press Holdings has sold its 21 per cent stake in Challenger - ending an 11 year relationship between the Packer family and the Challenger group.

Future Fund books 4.2pc loss

FUTURE FUND UPDATE  |  FRIDAY, 4 SEP 2009
The Future Fund rode the latest quarter market recovery when it gained 5.1 per cent in the three months to June, but posted a 4.2 per cent loss for the financial year (ex Telstra).

Russell signs UN PRI

COMPANY RELEASE  |  FRIDAY, 4 SEP 2009
Russell Investments has become a signatory of the United Nations' Principles for Responsible Investment (UN PRI).

GIC eyes US and European investments

COMPANY RELEASE  |  FRIDAY, 4 SEP 2009
The $120 billion Government of Singapore Investment Corporation (GIC) is expanding its investment scope, appointing a company president based in America and also Europe.

How to survive the next market outlier

MICHELLE BALTAZAR  |  THURSDAY, 3 SEP 2009
After the GFC challenged the prevailing wisdom on how low markets can go, AXA's chief investment officer Mark Dutton tells investors how to protect their savings from another market armaggedon.

AQR launches hedge fund beta strategy

COMPANY RELEASE  |  THURSDAY, 3 SEP 2009
AQR Capital Management is launching a liquid, transparent and low cost product that provides access to a diversified portfolio of core hedge fund strategies.

Politics wield power over asset prices

MICHELLE BALTAZAR  |  WEDNESDAY, 2 SEP 2009
Political affiliations do more than just influence who will become the next US president, they can dictate asset prices too, according to a study on the performance of Democratic versus Republican fund managers.