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Investment

UK pensions turn to alternatives

COMPANY RELEASE  |  THURSDAY, 23 APR 2009
UK pension funds are increasingly diversifying into hedge funds, global tactical asset allocation (GTAA) and active currency strategies, according to a Mercer survey.

IOOF and AWM merger set to go

COMPANY RELEASE  |  THURSDAY, 23 APR 2009
Australian Wealth Management Limited (AWM) shareholders have approved a proposal for the company's merger with IOOF Holdings Ltd (IOOF) - with an overwhelming 99.7 per cent of the votes cast in favour of the merger.

Platforms should merge

ALEX DUNNIN  |  WEDNESDAY, 22 APR 2009
Master trusts and wraps should be consolidated into a single government run platform to drive greater efficiencies and lowers costs.

Zenith review yields top 35 funds

COMPANY RELEASE  |  WEDNESDAY, 22 APR 2009
Only one-third of large cap small company Australian share funds made it on Zenith Investment Partner's "recommended list".

Snowden departure forces ratings review

MICHAEL HOBBS  |  TUESDAY, 21 APR 2009
Colonial First State property securities funds with around $3 billion in funds under management (FUM) are under ratings review following the surprise departure of John Snowden, portfolio manager at CFS global property securities.

Mercer MM gets Lonsec tick

MEDIA RELEASE  |  TUESDAY, 21 APR 2009
Mercer has been named the only multi-manager to achieve a "Highly Recommended" rating in 2009 from research house Lonsec.

BT winds up Global Return fund

MICHAEL HOBBS  |  TUESDAY, 21 APR 2009
BT Investment Management is winding up its $870 million BT Global Return fund three months after it suspended applications into and redemptions from the fund.

RaboPlus cuts fee on BT fund

MICHAEL HOBBS  |  TUESDAY, 21 APR 2009
RaboPlus has cut the brokerage fee on the BT Wholesale-Imputation fund by 50 basis points to 0.25 per cent during this month.

AXA opens Singapore uni

COMPANY RELEASE  |  MONDAY, 20 APR 2009
AXA Group has opened the firm's Asia-Pacific university campus in Singapore to develop the employees skills across risk management, compliance, claims management and financial advice.

UBS cuts business and jobs

COMPANY RELEASE  |  MONDAY, 20 APR 2009
Swiss bank UBS has flagged a $2 billion loss in the first quarter of this year amid more than 8,000 jobs cuts across the bank's business divisions.