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Investment

CBA swoops on ABN AMRO

MICHAEL HOBBS  |  WEDNESDAY, 23 JUL 2008
Commonwealth Bank is in talks to buy ABN AMRO Australia Holdings after National Australia Bank (NAB) withdrew its bid to buy the firm.

CAAM backs oil rich EMs

MICHAEL HOBBS  |  TUESDAY, 22 JUL 2008
The Credit Agricole Asset Management (CAAM) Global Emerging Markets fund is bullish on Russia and Brazil as a result of rising oil prices.

BNP Paribas responds to alpha demand

MICHAEL HOBBS  |  TUESDAY, 22 JUL 2008
BNP Paribas Investment Partners launched another MFS Investment Management fund, the Concentrated Global Equity Trust, for its Australian and New Zealand wholesale investors.

Third Link signs key fund managers

MICHELLE BALTAZAR  |  MONDAY, 21 JUL 2008
More than 15 'big brand' and boutique managers including BlackRock, Colonial First State and Perennial will form the first set of underlying fund managers to the Third Link Growth fund, a fund-of-fund designed to donate $1.5 million each year to charity.

Commodities bull run won't wane: GMI

RUTH LIEW  |  MONDAY, 21 JUL 2008
Investors have traditionally lumped commodities investing into the growth strategy basket - but maturity in the sector has seen the sector take on both growth and income yielding sheens.

Energy investments surge

ALEX DUNNIN  |  MONDAY, 21 JUL 2008
Regardless of the finer debating points on what the ideal emission trading system should look like, investors are already flocking to alternative energy.

IFM boosts stake in Ecogen

MICHAEL HOBBS  |  MONDAY, 21 JUL 2008
Industry Funds Management (IFM) bought the remaining 72.6 per cent equity stake in gas electricity firm, Ecogen Holdings from Babcock & Brown Power for $80.9 million.

Mariner targets European aged care

MICHELLE BALTAZAR  |  FRIDAY, 18 JUL 2008
Mariner Financial is planning an $800 million buying spree of European aged care infrastructure assets as part of a joint venture deal with German-based property financier HSH Real Estate.

Westpac restructures fin services and tech

MICHELLE BALTAZAR  |  THURSDAY, 17 JUL 2008
Westpac is combining the front-end of its Business Financial Services (BFS) and Consumer Financial Services(CFS) divisions and is replacing its existing Business Technology Solutions and Services (BTSS) arm with two new business units.

Astarra opens to retail investors

MICHAEL HOBBS  |  THURSDAY, 17 JUL 2008
Astarra Funds Management's balanced, conservative and growth multi manager funds are now available to retail investors for the first time in more than a decade.