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Investment

US foreign exchange group sets up in Australia

MARK SMITH  |  WEDNESDAY, 21 AUG 2013
Toronto-based foreign exchange and global payments company Cambridge Mercantile Group has opened its Asia Pacific regional office in Sydney, recognising the increasing importance of the local currency.

Mason Stevens opens top Magellan fund to managed accounts

MARK SMITH  |  WEDNESDAY, 21 AUG 2013
Mason Stevens has launched the Magellan Global Equity Model Portfolio as a managed account.

OneVue confirms Computershare Fund Service takeover

JAMES FERNYHOUGH  |  TUESDAY, 20 AUG 2013
OneVue will acquire Computershare's unit registry arm, Computershare Fund Services (CFS), it has confirmed.

Trading platform bids to raise industry transparency standards

MARK SMITH  |  TUESDAY, 20 AUG 2013
A new initiative calling on all financial services firms to boost transparency has been launched by online trading specialist Saxo Capital Markets Australia (Saxo).

SSgA launches cheap lifestyle funds

MARK SMITH  |  TUESDAY, 20 AUG 2013
State Street Global Advisers (SSgA) has unveiled a new suite of low cost lifestyle products, aimed at better protecting investors in or approaching retirement from GFC style shocks.

NAB Wealth flat as bank's profit rises 2%

MARK SMITH  |  TUESDAY, 20 AUG 2013
National Australia Bank (NAB) has described stable earnings in its wealth division as it reports a 2% rise in cash profit to $1.5 billion in its latest quarterly update.

AMP buys into QLD school build project

MARK SMITH  |  TUESDAY, 20 AUG 2013
The AMP Capital Community Infrastructure Fund (CommIF) has acquired a 49.99% stake in the South East Queensland Schools Public Private Partnership (PPP) project from the Commonwealth Bank of Australia.

Legg Mason wins three 'Recommended' ratings

JAMES FERNYHOUGH  |  TUESDAY, 20 AUG 2013
Research house Zenith Investment Partners has awarded Legg Mason Australia a 'recommended' rating for three of its fund

NAB tight-lipped on latest redundancies

JAMES FERNYHOUGH  |  MONDAY, 19 AUG 2013
National Australia Bank (NAB) has put the latest string of redundancies down to "natural attrition", after it was reported that around 15 members of NAB's custody arm, NAB Asset Servicing, had lost their jobs.

Strong credit-based strategies contenders in 2013 Hedge Fund Award nominations

ALICE URIBE  |  MONDAY, 19 AUG 2013
The nominees for the 2013 Australian Hedge Fund Awards have been revealed with last year's winner BlackRock being nominated again for the Fund of the Year along with Laminar and Whitehaven.