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Investment

Legg Mason shuts down defensive trust

RUTH LIEW  |  WEDNESDAY, 27 MAY 2009
Legg Mason has closed its wholesale defensive trust, citing its FUM of less than $10 million made it impractical to continue offering the product.

Perpetual proposes caps on exec and board pay

MICHELLE BALTAZAR  |  TUESDAY, 26 MAY 2009
Perpetual has taken extra steps to preserve its balance sheet and cut costs, including a dividend reinvestment plan announced this morning and a move towards lower bonus payments and caps on executive and board remuneration.

Investors hang on to managed futures

RUTH LIEW  |  TUESDAY, 26 MAY 2009
Managed futures may have performed poorly in the last three months but retail investors in MAN Investments' OM-IP products are not putting their hands up for redemptions, said the firm.

CMC continues broking push

MICHELLE BALTAZAR  |  MONDAY, 25 MAY 2009
CFD provider CMC Markets ploughs more resources into its stockbroking arm as ongoing consolidation and tighter capital adequacy rules imposed on smaller brokers open up more opportunities in the sector.

Solaris signs UN PRI

MICHAEL HOBBS  |  MONDAY, 25 MAY 2009
Solaris Investment Management has become the latest Australian fund manager to sign the United Nations Principles for Responsible Investment (UN PRI).

Mixed reaction on shorting ban lift

RUTH LIEW  |  MONDAY, 25 MAY 2009
From applause to criticism, industry reactions have been mixed towards ASIC's announcement today that it had lifted the ban on covered short selling of financial securities.

India markets up 18pc on election

MICHAEL HOBBS  |  MONDAY, 25 MAY 2009
Indian funds could receive renewed investor interest after the country's equity markets rose around 18 per cent following the latest election results.

Regulators call for better OTC derivatives processing

MICHELLE BALTAZAR, MICHAEL HOBBS  |  FRIDAY, 22 MAY 2009
APRA, ASIC and the RBA have released a report that identifies where major fund managers and super funds can improve in terms of how they manage OTC derivatives in the wake of the credit crisis.

PGI fund placed on FirstChoice

COMPANY RELEASE  |  FRIDAY, 22 MAY 2009
Principal Global Investors' flagship property securities fund has been included in Colonial First State's platform, FirstChoice.

Instos pump $700bn into Islamic finance

PRESS RELEASE  |  THURSDAY, 21 MAY 2009
The Islamic finance market has grown by as much as 20 per cent each year for the past six years and is now a $700 billion plus industry, according to State Street.