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Investment

Russell revamps structure

MICHAEL HOBBS  |  MONDAY, 18 MAY 2009
Russell Investments has restructured along five global services lines that will work collaboratively with the firm's regional offices to deliver a better service to Australian based clients.

Baby boomers eye income equity

RUTH LIEW  |  MONDAY, 18 MAY 2009
Tyndall's newest offering, the six-month old Tyndall Australian Share Income Fund, has won a place in three major platforms - signalling baby boomers' increasing appetite for income equity strategies

CBA launches capital protection funds

COMPANY RELEASE  |  MONDAY, 18 MAY 2009
Commonwealth Bank of Australia has launched a new capital-protected investment, Capital Series Compass, which offers investors a choice of two investment themes - an Australian share market or Australian/Hong Kong blend.

Great Southern falls into administration

COMPANY RELEASE  |  MONDAY, 18 MAY 2009
Agribusiness fund manager Great Southern has appointed administrators after its banks withdrew support for its ongoing restructuring program.

AMP posts strong super and risk flows

MICHAEL HOBBS  |  FRIDAY, 15 MAY 2009
AMP recorded around $2 billion in net cashflows to the firm's superannuation and pension business last year and announced a focus on simpler, transparent products in the long term.

Industry Super splits top job

COMPANY RELEASE  |  FRIDAY, 15 MAY 2009
Anthony Wamsteker, the long-time head of ME Bank is leaving the bank at year-end after his group chief executive role was replaced with two CEO spots to head ME Bank and Industry Funds Services/Industry Funds Management.

Mercer and MLC top IC survey

MICHAEL HOBBS  |  THURSDAY, 14 MAY 2009
Mercer and MLC have topped the implemented consulting survey in Australian shares and international shares respectively.

Perpetual starts legal proceedings to claim funds

MICHELLE BALTAZAR  |  THURSDAY, 14 MAY 2009
Perpetual Trustee Company has started legal proceedings in the UK on behalf of more than 1,000 retail investors who invested in $125 million worth of credit-linked Mahogany Capital notes that were sold by Grange Securities.

Amnesty pushes for fund review

MICHAEL HOBBS  |  THURSDAY, 14 MAY 2009
Fund managers may want to review investments in PetroChina, Sinopec, Petronas and the Oil and National Gas Corporation (ONGC) after Amnesty International linked the companies to providing revenue to the Sudanese government.

Top 10 budget quotes

Financial Standard sifts through a record haul of budget commentary to highlight the industry's thinking on the government's budget announcement last night.