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Investment

HBOS Australia gives Lloyds thumbs up

RUTH LIEW  |  FRIDAY, 19 SEP 2008
HBOS Australia's parent company is being swallowed by UK bank Lloyds TBS, but its local arm is welcoming the move as a way to grow its client base.

Mahogany assesses Lehman exposure

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
Australian Securities Exchange (ASX) listed, Mahogany Capital is voluntarily suspending the trading of its $75 million Notes Series I ahead of possible financing issues with Lehman Brothers.

TOWER and BNY Mellon clarify position

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
Australian insurance giant, TOWER and global financial services firm, Bank of New York Mellon have been quick to clarify the firms have little to no exposure to Lehman Brothers and AIG.

HBOS surrenders to Lloyds TSB

WWW.THESHEET.COM  |  THURSDAY, 18 SEP 2008
The worsening credit crunch may be about to generate a first merger of prominent commercial banks, with Lloyds TSB close to finalising terms for a takeover of HBOS.

Tyndall finds value

RUTH LIEW  |  THURSDAY, 18 SEP 2008
The overnight bloodshed on Wall Street may have carved 3.5 per cent from the S&P/ASX200, but the turmoil has produced some fantastic buying opportunities as valuations in Aussie equities begin to improve, says Tyndall.

JV moves Invesco into China PE

MICHAEL HOBBS  |  THURSDAY, 18 SEP 2008
Invesco WL Ross and Chinese power producing subsidiary, Huaneng Capital Services signed a joint venture to form the Huaneng Invesco WLR Investment Consulting Company.

Reed fund not a concern: CEO

MICHAEL HOBBS  |  WEDNESDAY, 17 SEP 2008
Reed Funds Management chief executive declared investors in its property trust should not be concerned about its ability to deliver returns despite Standard & Poor's placing the fund 'on hold' due to the firm's relationship with Lehman Brothers.

GMO opens EM portfolio to new frontiers

MICHAEL HOBBS  |  WEDNESDAY, 17 SEP 2008
Global investment management firm GMO is broadening its emerging market portfolio to include frontier economies such as Nigeria, Vietnam and the Gulf States.

Grow returns with timber

MICHAEL HOBBS  |  WEDNESDAY, 17 SEP 2008
Swiss private bank Pictet is launching an investment fund that not only exposes investors to potential long term returns from the timber industry but could also aid efforts to reduce global carbon emissions.

Deutsche Bank extends Russian footprint

MICHAEL HOBBS  |  WEDNESDAY, 17 SEP 2008
Deutsche Bank Asset Management purchased a 40 per cent stake in UFG Invest, the Russian investment management company of UFG Asset Management.