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Investment

Esemplia write-down almost complete

MARK SMITH  |  WEDNESDAY, 11 SEP 2013
US fund manager Legg Mason is close to completing the Australian portion of its write down of struggling emerging market subsidiary Esemplia.

EM correction, it's different this time

ALEX DUNNIN  |  WEDNESDAY, 11 SEP 2013
Despite the recent shake out in emerging markets due to the rebounding USD, the stronger ones are positioned fundamentally differently to how they were in 1997 and should absorb this latest correction.

Macquarie sells private wealth business in Canada

LAURA MILLAN  |  TUESDAY, 10 SEP 2013
Macquarie Group has entered into an agreement for the sale of Macquarie Private Wealth Canada, its Canadian retail business.

Challenger dismisses Access takeover rumours

JAMES FERNYHOUGH  |  TUESDAY, 10 SEP 2013
Challenger is unlikely to take over infrastructure investment specialist Access Capital Advisers, despite media reports claiming the transaction was virtually a done deal.

ASIC finds hedge funds pose no systemic risk

MARK SMITH  |  TUESDAY, 10 SEP 2013
Australian hedge funds do not currently pose a systemic risk to the Australian financial system, a new ASIC report has found.

Appetite for overseas assets continues to grow

MARK SMITH  |  TUESDAY, 10 SEP 2013
An increasing number of Australian investors are planning to make investments in overseas assets over the next three months, partly driven by a surprise lift in appetite for fixed income investments, according to the latest Certitude Global Investor ...

Cash Converters to raise $60m through bond issue

JAMES FERNYHOUGH  |  MONDAY, 9 SEP 2013
Alternative credit provider and pawnbroker Cash Converters is the latest company to issue an unrated corporate bond through fixed income broker FIIG Securities.

Trust board recommends revised Perpetual proposal

LAURA MILLAN  |  MONDAY, 9 SEP 2013
The Trust Company board has unanimously recommended its shareholders to vote for the revised buyout proposal from Perpetual and both companies have entered into a revised scheme implementation agreement.

Aussie ETF use reaches new level of sophistication

MARK SMITH  |  MONDAY, 9 SEP 2013
The sophisticated ways in which Australian advisers are using exchange traded funds belies the relative immaturity of the local market, according to BlackRock's global ETF business iShares.

Hedge funds fear 'draconian' disclosure rules

JAMES FERNYHOUGH  |  MONDAY, 9 SEP 2013
Superannuation funds could find themselves locked out of the best international private equity and hedge funds if the government's "draconian" portfolio holdings disclosure requirements go through unamended, representatives of the alternative investment ...