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Investment

ETF market closes in on $9 billion milestone

MARK SMITH  |  FRIDAY, 6 SEP 2013
Australia's exchange traded product (ETP) market has expanded rapidly in 2013, reaching a record $8.8 billion in assets according to the latest ASX Funds Monthly Update.

RBC to close Melbourne custody office

JAMES FERNYHOUGH  |  THURSDAY, 5 SEP 2013
Redundancies are on the cards at Royal Bank of Canada's custody arm, RBC Investor and Treasury Services, after it confirmed it will be closing its Melbourne operations and moving the entire Australian business to its Sydney headquarters.

Fund managers mislead researchers on reasons for staff turnover

MARK SMITH  |  THURSDAY, 5 SEP 2013
Senior management teams at some investment managers are deliberately misleading research houses about reasons for staff turnover in a bid to preserve their ratings, according to ProCapital managing director Dr Jerome Lander.

Vanguard on staff hunt after sales restructure

ALICE URIBE  |  THURSDAY, 5 SEP 2013
Investment manager Vanguard has combined its retail and institutional sales teams, appointing Michael Lovett as head of distribution for the retail and institutional channels.

Trust gives Perpetual a chance to match IOOF offer

LAURA MILLAN  |  WEDNESDAY, 4 SEP 2013
The Trust Company board met last night and has asked for a deadline extension to allow Perpetual a chance to match the IOOF buyout offer.

Trophy infrastructure assets too expensive

MARK SMITH  |  WEDNESDAY, 4 SEP 2013
Large, marquee infrastructure assets seem over-priced in the face of the huge sums high profile institutions have paid in recent years, according to Towers Watson senior investment consultant Duncan Hale.

NAB hangs on to custody of UBS GAM

JAMES FERNYHOUGH  |  TUESDAY, 3 SEP 2013
NAB Asset Servicing, Australia's largest custodian, has held on to custody of $8 billion of UBS Global Asset Management's more than $37 billion funds under management (FUM).

The Trust Company to consider IOOF offer

LAURA MILLAN  |  TUESDAY, 3 SEP 2013
The Trust Company board will meet to consider IOOF buyout offer, which has stepped into the race to buy The Trust Company with a proposal it regards as superior to those of Equity Trustees and Perpetual.

Jenepe AM launches IPO fund with London partner

MARK SMITH  |  TUESDAY, 3 SEP 2013
Australian investment manager Jenepe Asset Management has joined with London-based IPO Capital Partners in launching a fund targeting new listing opportunities.

Future Fund confirms preference for offshore investment

JAMES FERNYHOUGH  |  MONDAY, 2 SEP 2013
The Future Fund has reaffirmed its preference for offshore investments as it approaches the $90 billion mark.