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Investment

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
ASIC has welcomed yesterday's court approval of the creditors Schemes of Arrangement that will oblige ANZ and Merrill Lynch to pay $226 million to Opes Prime clients.

AXA Asia Pac half year net profit up 187pc

MICHELLE BALTAZAR  |  WEDNESDAY, 5 AUG 2009
AXA Asia Pacific Holdings posted half-year net profit after income tax and non-recurring items of $270.4 million, nearly treble the $94.2 million recorded the same time last year - "strong results" underpinned by the group's revenue bias towards the ...

Templeton and TAAM top EM review

COMPANY RELEASE  |  WEDNESDAY, 5 AUG 2009
The Templeton Emerging Markets fund and the Treasury Asia Asset Management New Asia fund were the only two out of 15 funds in the sector to be rated 'highly recommended' by Lonsec.

K2 fund moves to daily pricing

COMPANY RELEASE  |  TUESDAY, 4 AUG 2009
In a move that shows managed funds can improve their liquidity despite market pressures, K2 Asset Management has changed its pricing policy for its absolute return fund from monthly to daily.

EQT appoints two credit managers

COMPANY RELEASE  |  TUESDAY, 4 AUG 2009
Equity Trustees has appointed TechInvest and Spectrum Asset Management to manage a credit investment strategy for the EQT TI Spectrum Credit Opportunities fund.

ANZ buys RBS businesses for $687 million

ASX RELEASE  |  TUESDAY, 4 AUG 2009
ANZ forges its presence in Asia when it bought several banking and wealth management businesses in the region from the Royal Bank of Scotland for $687 million.

CBA extends Storm payments suspension

COMPANY RELEASE  |  MONDAY, 3 AUG 2009
Commonwealth Bank customers affected by the collapse of Storm Financial are given another month's reprieve to pay their interest payments.

Aviva names SMA model managers

MICHAEL HOBBS  |  THURSDAY, 30 JUL 2009
Aviva has appointed five fund managers including Ausbil Dexia, Goldman Sachs JBWere and Perennial Investment Partners to provide eight different models on the firm's separately managed account (SMA).

Investors eager for more bonds

COMPANY RELEASE  |  THURSDAY, 30 JUL 2009
There have been 13 new convertible bond issuances in the Asia Pacific since last September and as the financial markets recover, investors remain eager for more, according to dealReporter.

OptiMix appoints new managers

COMPANY RELEASE  |  THURSDAY, 30 JUL 2009
Crédit Agricole Asset Management, Investec Asset Management and MFS Investment Management are just three of the multiple new fund managers added to OptiMix's new investment manager line-up.