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Investment

Basis delays capital return, adds $38m

MICHAEL HOBBS  |  THURSDAY, 9 OCT 2008
Basis Capital has delayed the partial return of capital to unit holders of its Aust-Rim fund for a month but said it will give back a further $38 million to unit holders of the Pac-Rim Opportunity fund next month.

Fin lit survey highlights deficit

MICHAEL HOBBS  |  THURSDAY, 9 OCT 2008
ANZ is set to launch a number of adult financial literacy programs after a survey revealed Australians with low levels of financial literacy make riskier investment decisions and probably won't seek professional financial advice.

UK fund seeks global eq manager

RUTH LIEW  |  THURSDAY, 9 OCT 2008
The $579 million Isle of Wight Council pension fund is seeking a global equities manager to manage up to 50 per cent of the fund's assets.

Neuberger Berman pledges money guarantee

RUTH LIEW  |  THURSDAY, 9 OCT 2008
Lehman Brothers subsidiary Neuberger Berman Management has put up its hand to be a part of the US Treasury Temporary Guarantee Program for Money Market Funds.

Hedge funds hit by shorting ban

MICHELLE BALTAZAR  |  WEDNESDAY, 8 OCT 2008
More than half of Australian hedge fund managers, representing a total $24.7 billion in funds, said the short selling ban would materially impact their ability to implement their strategy, with six managers considering suspending or closing their fund's ...

Suncorp ripe for the picking

MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
Suncorp confirmed it has received several approaches from companies besides Commonwealth Bank interested in buying the banking and wealth management divisions of the group.

CBA buys BankWest and St Andrews

MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
The Commonwealth Bank of Australia has purchased BankWest and St Andrew's Australia for $2.1 billion.

Back to basics for property

RUTH LIEW  |  WEDNESDAY, 8 OCT 2008
LandMark White Invest today unveilled the LMWI Diversified Property Fund - a debut offering that executes a low gearing, minimal risk approach to property investing.

No more parachute payments

MICHELLE BALTAZAR, MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
The debate on chief executive pay heats up after the discovery that senior executives in many of the banks the government had to bail out were in line for fat parachute payments just as they were negotiating a rescue package for the company.

CBA in talks to buy BankWest

MICHAEL HOBBS  |  TUESDAY, 7 OCT 2008
The Commonwealth Bank is negotiating with HBOS to purchase BankWest.