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Investment

Manage ideas not just money

ALEX DUNNIN  |  TUESDAY, 2 SEP 2008
Rather than just hand over mandates to several money managers hoping their separate investment decisions don't cancel each other out, Russell's new emulation strategy instead pays managers for their best ideas that the firm then centrally implements.

Pengana wins ex-Rubicon investors

RUTH LIEW  |  MONDAY, 1 SEP 2008
Ex- Rubicon investment managers Antonio Meroni and Tony Wolfe's have brought more than just their expertise to Pengana when they joined in May - they have also ferried across some of Rubicon's largest global institutional investors keen for a slice of ...

Planners demand global fund with conviction

MICHAEL HOBBS  |  MONDAY, 1 SEP 2008
Advance Asset Management is extending its relationship with US based Tradewinds Global Investors to provide retail investors' with access to a high conviction global equities fund.

AXA IM targets Aus instos

MICHAEL HOBBS  |  FRIDAY, 29 AUG 2008
AXA Group's Paris-based asset management business is providing its expertise across European property, private equity, structured finance and fund of hedge funds to Australian institutions.

RBC Dexia scores two

RUTH LIEW  |  FRIDAY, 29 AUG 2008
RBC Dexia Investor Services has scored two mandates with international fund managers Investec Asset Management and Vontobel Asset Management.

Austock curbs expansion plans

MICHELLE BALTAZAR  |  FRIDAY, 29 AUG 2008
Austock Group's business restructure continues after it posted full year profits down 27 per cent to $8.1 million - although the group is partly redeemed by its $33 million in cash reserves, zero operations in stock lending and better-than-expected earnings.

Future Fund is $652m richer

MICHELLE BALTAZAR  |  FRIDAY, 29 AUG 2008
Despite the credit crisis, the Future Fund comes out on top making $652 million in the year to June - but the returns may be due to prudence rather than skill.

Credit Suisse nabs AMF stake

RUTH LIEW  |  THURSDAY, 28 AUG 2008
Credit Suisse Group has acquired an 80 per cent stake of National Bank of Canada-owned Asset Management Finance Corp.

IOOF profits down

RUTH LIEW  |  THURSDAY, 28 AUG 2008
IOOF has reported $26 million in net profit after tax, more than 10 per cent lower than its previous corresponding period.

AMP's profits down 2pc

RUTH LIEW  |  THURSDAY, 28 AUG 2008
AMP Limited has posted a two per cent fall in its underlying profit to $437 million after weathering challenging investment market conditions, but its financial services division survived the storm to report a three per cent increase in operating earnings.