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Investment

B&B in partnership talks

RUTH LIEW  |  THURSDAY, 23 OCT 2008
Babcock & Brown is reviewing expressions of interest it received by other firms to form a potential strategic relationship.

WealthBuilder targets generational clients

RUTH LIEW  |  THURSDAY, 23 OCT 2008
IOOF has created WealthBuilder - a multigenerational investment bond targeted towards investors focussed on estate planning and medium to long term savings.

Challenger squeezes redemptions

RUTH LIEW  |  THURSDAY, 23 OCT 2008
Challenger has tightened the redemption policies of its Challenger Howard Mortgage Fund and other mortgage products following significant increases in fund outflows.

MLC FUM falls, profits flat

MICHAEL HOBBS  |  WEDNESDAY, 22 OCT 2008
NAB's wealth management arm MLC saw funds under management fall 14.1 per cent to $94.6 billion at the end of September but pre-tax profits were up three per cent at $576 million.

Deutsche extends MENA services

MICHAEL HOBBS  |  WEDNESDAY, 22 OCT 2008
Deutsche Bank continues to broaden its Middle East and North African (MENA) equities capability, adding trading, sales trading and equity capital markets services to its platform and hiring two senior executives.

India fund opens to unlisted assets

MICHAEL HOBBS  |  WEDNESDAY, 22 OCT 2008
The India Equities Fund Limited is broadening its investment scope to include unlisted investment assets.

ING offloads Taiwan life insurance for $850m

MICHAEL HOBBS  |  TUESDAY, 21 OCT 2008
ING sold its Taiwanese life insurance business to Fubon Financial Holding for a consideration equivalent to $850 million.

Future Fund posts 1.81pc first quarter loss

MICHAEL HOBBS  |  TUESDAY, 21 OCT 2008
The $63 billion Future Fund's overweight allocation to cash has paid off in the first quarter of this year - losing a mere 1.81 per cent when many funds suffered double-digit losses over the same period.

Avanteos launches managed account

MICHAEL HOBBS  |  TUESDAY, 21 OCT 2008
Avanteos is building on its direct equities service and launching its managed account product to provide greater transparency and flexibility for financial planners.

JPMorgan buys DME stake

MICHAEL HOBBS  |  MONDAY, 20 OCT 2008
JPMorgan joins a number of global financial institutions and energy firms as an equity stakeholder in the Dubai Mercantile Exchange (DME).