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Investment

Lonsec makes portfolio manager changes after review

STAFF WRITER  |  WEDNESDAY, 30 JUL 2014
Following a strategic asset allocation (SAA) and model portfolio review, Lonsec 's Core Model Portfolios will now have a more balanced allocation between global and Australian equities and an increased allocation to alternative assets.

Boost from Chinese stimulus to be short-lived

MARK SMITH  |  TUESDAY, 29 JUL 2014
Goldman Sachs' investment management division has lowered its suggested allocation to emerging markets as the Chinese economy struggles to transition from a focus on exports to a focus on domestic consumption.

Companies must understand their investors better, report says

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
ASX-listed companies must work harder to understand what motivates the voting decisions of their major investors, a new report from the Governance Institute of Australia has argued.

WAM Capital posts record profit

MARK SMITH  |  TUESDAY, 29 JUL 2014
Wilson Asset Management's listed investment company, WAM Capital, has reported a record profit pre-tax profit of $90.5 million for the 12 months to 30 June following strong investment performance.

NAB sells $1bn worth of UK property loans

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
National Australia Bank (NAB) has agreed to sell £625 million (AU$1.1 billion) worth of UK commercial property loans to Cerberus Global Investors.

Lonsec returns PM CAPITAL fund to 'Recommended'

STAFF WRITER  |  TUESDAY, 29 JUL 2014
Australian fund manager PM CAPITAL's Absolute Performance Fund has received a ratings upgrade to 'Recommended' from investment research house Lonsec.

AMP remains top dog on RI mandates

JAMES FERNYHOUGH  |  MONDAY, 28 JUL 2014
AMP Capital remains Australia's largest manager of responsible investment (RI) mandates, according to the Responsible Investment Association of Australia's (RIAA) Benchmark Report 2014.

Passive FUM reaches all-time high

MARK SMITH  |  MONDAY, 28 JUL 2014
Funds allocated to index strategies grew 28% in the 12 months to end of March 2014, taking the total proportion of the funds management market it represents to a record high of 19%, new data from Rainmaker Information reveals.

Legg Mason acquires UK global equity manager

MARK SMITH  |  FRIDAY, 25 JUL 2014
Baltimore-based asset manager Legg Mason has acquired UK international equity manager Martin Currie.

Select brings Neuberger Berman hedge fund strategy to Australia

MARK SMITH  |  FRIDAY, 25 JUL 2014
Select Fund Services has made a Neuberger Berman fund-of-hedge-funds strategy available to retail and self-managed super fund (SMSF) investors.