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Investment

NY fund blacklists Gazprom and Petrobras

MICHAEL HOBBS  |  THURSDAY, 2 JUL 2009
The New York State Common Retirement Fund has pulled out $100 million of the fund's investments in nine companies including Gazprom, Oil & Natural Gas Corp and Petrobras on the back of a genocide report.

State Street wins Italian pension client

COMPANY RELEASE  |  WEDNESDAY, 1 JUL 2009
State Street has been selected by Italian based $170 million pension fund service provider, PensPlan, to provide a number of investment services.

City Pacific still in RE bind

COMPANY RELEASE  |  WEDNESDAY, 1 JUL 2009
BalmainTRILOGY has lodged a notice with ASIC under the Corporations Act requiring the regulator to register Trilogy as the new responsible entity of the City Pacific First Mortgage Fund.

Malaysia opens doors to foreign fundies

RUTH LIEW  |  WEDNESDAY, 1 JUL 2009
Australian fund managers looking to expand in Asia could soon put Malaysia on their watchlist, following Prime Minister Najib Razak's announcement yesterday allowing foreign fund managers to be "fully liberalised" in the country.

Ambassador gains $2.5bn

MICHELLE BALTAZAR  |  TUESDAY, 30 JUN 2009
From a standing start four years ago, third party funds marketing and services group Ambassador now represents $2.5 billion of funds - proof that a financial crisis can slow but not stop institutional demand for high quality investment managers.

Russell overhauls diversified funds

MICHAEL HOBBS  |  TUESDAY, 30 JUN 2009
Russell Investments has revamped the firm's diversified funds, widening its investment ranges for equities and property as part of a move to a 'high conviction' investment approach.

Blackstone closes real estate fund

RUTH LIEW  |  TUESDAY, 30 JUN 2009
While many real estate trusts struggle to find investments, Blackstone Group has closed its latest real estate fund which was oversubscribed by 20 per cent.

Soc Gén named best SRI brokerage firm: survey

MICHAEL HOBBS  |  TUESDAY, 30 JUN 2009
Société Générale, UBS and Crédit Agricole Cheuvreux have topped the list of broker firms for the work on socially responsible investment and sustainability research.

Towers Perrin merges with Watson Wyatt

COMPANY RELEASE  |  MONDAY, 29 JUN 2009
Towers Perrin and Watson Wyatt merged to form Towers Watson & Co, a $4.3 billion global employee benefits firm.

Perennial launches fixed int fund

COMPANY RELEASE  |  MONDAY, 29 JUN 2009
Perennial Investment Partners has launched a tactical fixed interest fund that invests in local fixed interest assets.