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Investment

Fudge this

RUTH LIEW  |  FRIDAY, 28 AUG 2009
They're not the kind of words you'd normally see in an internal email, let alone a listed company's announcement to shareholders - a New Zealand company is under fire to explain why the words "fudge this" appeared in its corporate accounts.

Macquarie enters China JV

RUTH LIEW  |  FRIDAY, 28 AUG 2009
Macquarie Group has established a trust company joint venture in mainland China - the second JV in less than a week following its recent deal with Middle Eastern investment bank, Gulf Finance House.

Zurich's three-year health check spur mandate changes

MICHAEL HOBBS  |  FRIDAY, 28 AUG 2009
Zurich Investment Management has made dramatic changes to its Managed Growth Fund following a major review conducted once every three years.

Treasury profits down 57pc but positive outlook

MICHAEL HOBBS  |  FRIDAY, 28 AUG 2009
Treasury Group's normalised profit for the past financial year fell by 57 per cent to $7.5 million as funds under management dropped more than 12 per cent to $10 billion.

Shared equity property posts 21pc growth

COMPANY RELEASE  |  THURSDAY, 27 AUG 2009
Rismark International's residential property shared equity portfolio's mark to market value is 21 per cent higher than when it opened in March 2007.

... and unveils direct shares on platform

COMPANY RELEASE  |  THURSDAY, 27 AUG 2009
IOOF added direct shares functionality to the Pursuit Select platform.

All PE signs point to China

COMPANY RELEASE  |  THURSDAY, 27 AUG 2009
Western private equity infrastructure will shrink by around 30 per cent over the next few years - but the rapid growth of the Chinese PE market continues to attract the attention of institutional investors globally.

Temasek seeks more Asian exposure

RUTH LIEW  |  THURSDAY, 27 AUG 2009
Australian fund managers with a focus on Asia should pay attention to the $160 billion Temasek Holdings, which recently flagged a new charter that would open its mandate book to more Asian and emerging markets fund managers.

IOOF profits down, to divest life insurance...

MICHAEL HOBBS  |  THURSDAY, 27 AUG 2009
IOOF has posted a 32 per cent drop in net profit after tax (NPAT) to $15.8 million for the last financial year as funds under management, administration and advice fell by $7 billion to $61 billion.

SWFs no longer at arm's length

MICHELLE BALTAZAR  |  THURSDAY, 27 AUG 2009
Sovereign wealth funds will gradually switch from being passive investors to active shareholders, predicts Andrew Rozanov, head of Sovereign Advisory at State Street Global Markets.