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Investment

Millinium wins top Morningstar ratings

MARK SMITH  |  TUESDAY, 21 MAY 2013
Brisbane-based fund manager Millinium Capital Managers has been awarded two 5-Star Ratings from Morningstar in its first year of ratings eligibility.

ACCC to review Perpetual's Trust Company takeover

MARK SMITH  |  TUESDAY, 21 MAY 2013
The Australian Competition and Consumer Commission (ACCC) will review Perpetual's proposed takeover of The Trust Company.

The Trust Company rules out EQT takeover

MARK SMITH  |  MONDAY, 20 MAY 2013
The Trust Company looks set to become part of Perpetual after its board unanimously agreed the asset manager's offer was "superior" to a counter bid from Equity Trustees (EQT).

Local funds ignore US $10.6tr pension market

MARK SMITH  |  MONDAY, 20 MAY 2013
Homegrown fund managers should cast their net to the wider $10.6 trillion pension market in the US, just one of the other global opportunities they can use the broaden their client base.

MoneySmart list of unlicensed companies approaches 700

MARK SMITH  |  FRIDAY, 17 MAY 2013
The number of unlicensed companies listed on the Australian Securities and Investments Commission (ASIC)'s online financial literacy website, MoneySmart, has grown to 696.

Standard Life Inv Absolute Return Bond fund open to Aussie investors

MARK SMITH  |  FRIDAY, 17 MAY 2013
Standard Life Investments (SLI) is looking to build on the success of its top-selling Global Absolute Return Strategies (GARS) fund by making its Absolute Return Global Bond Strategies fund available to Australian investors.

IG offers Bitcoin bet

JAMES FERNYHOUGH  |  THURSDAY, 16 MAY 2013
UK-based derivatives trader IG is introducing a "limited risk binary" on volatile internet currency Bitcoin.

'Product agnostic' netwealth announces record growth

JAMES FERNYHOUGH  |  THURSDAY, 16 MAY 2013
netwealth's funds under management have reached the $4 billion mark, following a year-to-date growth rate of 35%.

CommBank wealth division enjoys strong March quarter

MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Commonwealth Bank of Australia's wealth management and insurance division grew by 4% in the three months to 31 March.

Arena to list childcare fund on the ASX

LAURA MILLAN  |  TUESDAY, 14 MAY 2013
Arena Investment Management (Arena) is intending to raise $75 million of new equity in its childcare fund and is planning to list it on the Australian Securities Exchange (ASX).