08/12/2011

nabInvest swoops for Aviva

nabInvest has agreed to acquire Aviva Investors Australia, adding a range of domestic equities strategies to its skill set and $5.5 billion to its funds under management.

08/12/2011

Flight to safety whets appetite for Chinese dim sum

Undeterred by the turmoil in global financial markets, the Chinese government is throwing its weight behind the nascent offshore renminbi market with plans to auction a massive Rmb20 billion ($3.1 billion) dim sum bond, its biggest to date.

08/12/2011

Hedge Funds profit from rout with bearish bets

Asian hedge funds run by Vulpes Investment Management, Ballingal Investment Advisors Ltd. and Riley Paterson Investment Management rose this month as managers profited from the worst rout in equity markets since 2008.