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Investment

Macquarie eyes Middle East with JV

RUTH LIEW  |  WEDNESDAY, 26 AUG 2009
Macquarie is looking to deepen its Middle Eastern footprint by entering a joint venture with Gulf Finance House, an investment bank led by former NAB chief, Ahmed Fahour.

Firm hails the next emerging market

MICHAEL HOBBS  |  TUESDAY, 25 AUG 2009
Looking for the next investment trend? Eastern Europe could be the answer, with one asset manager's flagship fund returning more than 20 per cent annualised since inception.

Suncorp FUM down, life risk profits up

MICHAEL HOBBS  |  TUESDAY, 25 AUG 2009
Suncorp's funds under management fell almost $800 million to $23 billion but the firm was buoyed by life risk profits which rose 13 per cent to $87 million.

NY fund invests $200m in climate change

COMPANY RELEASE  |  TUESDAY, 25 AUG 2009
The New York State Common Retirement fund invested $200 million in the FTSE Environmental Technology 50 and HSBC Global Climate Change Index.

Challenger returns to core

MICHAEL HOBBS  |  MONDAY, 24 AUG 2009
Challenger Financial Services has posted full year net profit after tax (NPAT) of $219 million, up 1 per cent versus last year on funds under management (FUM) down 27 per cent to $16 billion.

St.George merger on track: Kelly

MICHAEL HOBBS  |  FRIDAY, 21 AUG 2009
The latest report from Westpac Group said the merger with St.George Bank is on track and exceeding forecasted revenue and cost targets.

The return of the cocooning consumer

MICHELLE BALTAZAR  |  FRIDAY, 21 AUG 2009
The savings pattern of many Australians has changed dramatically since June last year, and it's uncannily similar to the way people saved after the Great Depression, research shows.

Future Fund offloads Telstra shares

COMPANY RELEASE  |  FRIDAY, 21 AUG 2009
The $58 billion Future Fund has sold 684.4 million Telstra shares or 34 per cent of its Telstra holdings to institutional investors.

Macquarie buys Delaware Investments

RUTH LIEW  |  THURSDAY, 20 AUG 2009
Macquarie Group has entered into an agreement to buy Delaware Investments for $516 million - a move that deepens Macquarie's footprint in North America and adds a further $150 billion into its assets under management.

I feel your pain, literally

MICHELLE BALTAZAR  |  THURSDAY, 20 AUG 2009
Taking emotions out of investing is easier said than done so rather than ignore them, planners can help their clients rebuild their financial wealth after the GFC by addressing their emotional wealth too, said a behavioural finance expert.