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Investment

MLC revamps global share strategy

COMPANY RELEASE  |  THURSDAY, 5 MAR 2009
MLC has rejigged the firm's global share strategy by replacing Bernstein Value Equities, Alliance Growth Equities and Fortis Investments investment mandates with four new fund managers.

AUI opens unlisted property fund

COMPANY RELEASE  |  THURSDAY, 5 MAR 2009
Australian Unity Investments (AUI) is converting five of the firm's existing retail property syndicates and trusts into a single open-ended unlisted property fund.

CORRECTION: Snowball expands corp super

MICHAEL HOBBS  |  WEDNESDAY, 4 MAR 2009
Snowball Group has acquired the corporate superannuation business of Hood Sweeney Securities, a move that adds $80 million in funds to the group's existing corporate super funds under advice.

S&P withdraws Lazard ratings

MICHELLE BALTAZAR  |  WEDNESDAY, 4 MAR 2009
Lazard Asset Management Pacific has requested ratings firm Standard & Poor's to withdraw the four-star ratings on five Lazard equities funds.

Japan wins for local instos

MICHAEL HOBBS  |  WEDNESDAY, 4 MAR 2009
The Japanese economy may be in recession but that hasn't stopped local investors with assets allocated to astute Japan fund managers from making money, or at least preserving much of their capital, based on latest Rainmaker research.

AMP holds LPT strategy, wins mandate

MICHAEL HOBBS  |  TUESDAY, 3 MAR 2009
Global property securities fund manager, AMP Capital Redding Investors isn't changing its listed property strategies and continues to win mandates while the listed property sector continues to under-perform.

Return of the hedge funds

MICHAEL HOBBS  |  TUESDAY, 3 MAR 2009
Global hedge funds have hit the ground running this year, returning 0.42 per cent in January while the S&P 500 Total Return and MSCI World Equity indices lost more than eight per cent.

Shenkman Capital now represented Down Under

ALEX DUNNIN  |  TUESDAY, 3 MAR 2009
Riding the wave of interest in credit investment opportunities, US credit research specialist Shenkman Capital Management now has representation in Australia.

Morningstar awards top fund managers

MICHELLE BALTAZAR  |  MONDAY, 2 MAR 2009
In a year where only the fittest survived, seven fund managers including Schroders, Vanguard and Platinum proved they're on top of their game.

ML downsizes private equity team

MICHAEL HOBBS  |  MONDAY, 2 MAR 2009
Merrill Lynch is scaling back its Sydney based private equity division, according to industry sources.