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Investment

Developing Asia worst hit

RUTH LIEW  |  WEDNESDAY, 11 MAR 2009
Developing countries in Asia are the worst casualties of the global financial crisis, which last year slashed the value of financial assets worldwide by a massive US$50 trillion.

Strike equities now: JANA

RUTH LIEW  |  TUESDAY, 10 MAR 2009
Leading consultant JANA is advising its clients, which control a combined $135 billion in assets, to pump funds back into domestic and international equities while the markets are trading near record lows.

Instos cool on direct infrastructure

MICHAEL HOBBS  |  TUESDAY, 10 MAR 2009
Global institutional investors are snubbing direct infrastructure projects and fund-of-fund strategies for distressed assets, private equity and hedge funds in the next 12 to 24 months, according to a survey.

KBC blocks water fund

MICHAEL HOBBS  |  MONDAY, 9 MAR 2009
KBC Asset Management's Global Water fund is closed to new money in Australia.

Stanford slashes costs to save endowment

RUTH LIEW  |  MONDAY, 9 MAR 2009
The $27 billion Stanford University endowment fund has slashed and frozen salaries, trimmed staff numbers and tightened its budget as its portfolio shrinks by 25 per cent.

Gold will rally, bonds thrive: BlackRock

RUTH LIEW  |  MONDAY, 9 MAR 2009
Resources are set to underperform, gold prices rally and Australian bonds outperform their US counterparts - these are a few of BlackRock's top 10 market predictions for 2009.

Macq makes further cuts

MICHAEL HOBBS  |  FRIDAY, 6 MAR 2009
Macquarie Bank continues to downsize its operations locally and overseas with more than 40 redundancies made in the bank's New York and London offices and at least 20 people were axed from its Melbourne and Sydney branches.

HSBC Premier business up 76 pc

COMPANY RELEASE  |  FRIDAY, 6 MAR 2009
HSBC Australia's personal financial services business grew its local customer base by more than 76 per cent in the past 12 months, but pre-tax profits were down compared to the previous year.

RBC Dexia tops custody survey

RUTH LIEW  |  FRIDAY, 6 MAR 2009
RBC Dexia Investors Services has won the number one spot for best global custody provider in three categories, according to a recent industry survey.

Martin Currie rakes $500m and growing

MICHELLE BALTAZAR  |  THURSDAY, 5 MAR 2009
Scottish fund manager Martin Currie couldn't have picked the worst time to set up an Australian base but that hasn't stopped them from winning $500 million in new mandates thanks to the track record of their global alpha strategy.