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Investment

AMP Capital increases stake in Alpha Trains

STAFF WRITER  |  TUESDAY, 13 MAY 2014
AMP Capital has increased its stake in Europe's train leasing company Alpha Trains from 15% to 20.9%.

MLC awards $1 billion Aussie equities mandate

LAURA MILLAN  |  TUESDAY, 13 MAY 2014
MLC has awarded a mandate of over $1 billion to an Australian shares index strategy.

UK star manager announces launch date for new fund

MARK SMITH  |  MONDAY, 12 MAY 2014
Neil Woodford, one of the UK's best known fund managers, has announced a 2 June launch date for the first fund under his new independent banner, Woodford Investment Management.

CFA Societies launches initiative to raise ethical standards

MARK SMITH  |  MONDAY, 12 MAY 2014
CFA Societies in Australia and New Zealand have launched an initiative to encourage investors to assert their rights and demand higher standards of ethical conduct from the financial services industry and finance professionals.

NAB and ABS employees arrested for insider trading fraud

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
A National Australia Bank (NAB) employee and a public servant working for the Australian Bureau of Statistics (ABS) have been arrested in a case of insider trading.

First transaction takes place on ASX mFund service

MARK SMITH, ALICE URIBE  |  THURSDAY, 8 MAY 2014
The first transaction of using the ASX's much-anticipated managed funds settlement service dubbed mFund took place this week, just ahead of its official launch in Sydney today.

Perpetual equity strategy awarded $200 million mandate

LAURA MILLAN  |  THURSDAY, 8 MAY 2014
The Australian Catholic Superannuation and Retirement Fund awarded a $200 million mandate to Perpetual Investments' concentrated equity strategy.

Court rules against S&P in Lehmann Brothers class action

LAURA MILLAN  |  THURSDAY, 8 MAY 2014
A Federal Court judgement against ratings agency Standard & Poor's has cleared the way for Councils, church groups and charities to continue a damage claim relating to Lehman Brothers complex products.

NAB wealth division reports flat earnings

LAURA MILLAN AND AAP  |  THURSDAY, 8 MAY 2014
The National Australia Bank (NAB) wealth division has reported flat earnings in the first results following the appointment of Cameron Clyne as chief executive.

AMP wealth management cashflows up 72%

MARK SMITH  |  THURSDAY, 8 MAY 2014
AMP's wealth management net cashflows jumped 72% in the first quarter to $363 million, up from $211 million for the same period last year.