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Investment

New ombudsman service welcomed

MICHAEL HOBBS  |  THURSDAY, 10 JUL 2008
Consumer groups and financial service providers have backed the launch of the new Financial Ombudsman Service, which provides one point of contact for most disputes or complaints across banking, insurance and investments.

Barclays emits carbon trading ETN

MICHAEL HOBBS  |  WEDNESDAY, 9 JUL 2008
Barclays Bank PLC launched the iPath Global Carbon Exchange Traded Note (ETN) on the NYSE Arca stock exchange to provide investors with exposure to greenhouse gas emission trading schemes

Investors influence credit ratings

RUTH LIEW  |  WEDNESDAY, 9 JUL 2008
Credit rating agencies are bowing to the pressure of investors, issuers, and underwriters to change their ratings, a new survey shows.

CILSLB reappoints MLCIC

RUTH LIEW  |  WEDNESDAY, 9 JUL 2008
MLC Implemented Consulting has been appointed by the Construction Industry Long Service Leave Board (CILSLB) to invest their assets and provide ongoing strategic advice.

Kinloch appoints MacarthurCook

RUTH LIEW  |  WEDNESDAY, 9 JUL 2008
Listed boutique property funds manager MacarthurCook Investment Managers Limited has been appointed investment manager for the new Kinloch Emerging Markets Property Securities Fund based in New Zealand.

Aust and HK strengthen retail ties

RUTH LIEW  |  TUESDAY, 8 JUL 2008
Hong Kong and Australian retail fund managers will be able to sell their products to investors in each other's markets following ASIC's signing of a mutual recognition declaration with the Hong Kong Securities and Futures Commission (SFC).

CAAM eyes retail

RUTH LIEW  |  TUESDAY, 8 JUL 2008
Credit Agricole Asset Management (CAAM) has come a long way since it first opened its doors to the Aussie insto market over a year ago. Today the fund manager is aiming to get into platforms and aim for bigger mandates.

Man Investments to launch $1.5b alt energy fund

MICHAEL HOBBS  |  TUESDAY, 8 JUL 2008
Man Investments is partnering with the Abu Dhabi government owned International Petroleum Investment Company (IPIC) to launch a new investment fund that aims to reduce global greenhouse gas output and invest in alternative energy projects.

Challenger recycles capital

WWW.THESHEET.COM  |  TUESDAY, 8 JUL 2008
Less than a year ago Challenger Financial Services Group raised more than $260 million from a couple of optimistic, offshore investors, one of whom paid what now looks like a fortune for nothing more than an option to buy shares in the company.

Bell Financial buys Southern Cross Equities

MICHAEL HOBBS  |  MONDAY, 7 JUL 2008
Bell Financial Group (BFG) is one step closer to becoming one of Australia's largest independent broking businesses after signing an agreement to buy Southern Cross Equities for approximately $150 million.