The long and short of financials – capitalising on rapid change

The popular 130:30 and other long/short strategy managers have been doing it tough, particularly in Australia with its extended shorting ban, but at least one has been able to minimise the repercussions through pre-ban shorting of the major indices.

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Australian Unity reveals extent of guarantee damage

Investors in Australian Unity Investments’ two mortgage funds withdrew $150 million in the week after the Government’s October 13 announcement of a bank deposit guarantee, before the mutual froze redemptions for a month last Wednesday and joined industry calls for ‘deposit-like’ products to be included in the guarantee.


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Future Fund chair to flesh out infrastructure plan

Fresh from confirmation that the Future Fund intends to invest 30 per cent of its massive capital in ‘tangible assets’, chairman David Murray will speak in Sydney and Melbourne on the importance of domestic investment to bridge the infrastructure gap.


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