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Showing 1 - 10 of 1700 results for Michael Hobbs

MLC drops Challenger for Resolution

MICHAEL HOBBS  |  FRIDAY, 6 AUG 2010
MLC has terminated its Australian real estate investment trust (AREIT) mandate with Challenger Managed Investments and reallocated the funds to Resolution Capital. The institution's decision affects the MLC Australian Property Securities fund and the ...

Managed fund for charity pays dividends

MICHAEL HOBBS  |  FRIDAY, 6 AUG 2010
Chris Cuffe's Third Link Growth Fund is yet to reach its $150 million goal but has already achieved its more noble goal - delivering a $45,000 cheque to charities each month. Two years on, the fund has pooled more than $40 million in funds under management ...

Complaints against planners fall

MICHAEL HOBBS  |  THURSDAY, 5 AUG 2010
The Financial Ombudsman Service (FOS) has received less complaints against investments and financial planners in the past year, new figures show. Alison Maynard, investments, life insurance and superannuation ombudsman, said the number of investment ...

Solaris struggles to find local gems

MICHAEL HOBBS  |  THURSDAY, 5 AUG 2010
Denis Donohue, managing director at Solaris Investment Management, said the investment team is finding it difficult to find alpha in the local market as macroeconomic issues continue to cloud prospects for many businesses. Donohue said news from debt-ridden ...

Strachan to head combined investment team

MICHAEL HOBBS  |  WEDNESDAY, 4 AUG 2010
Michael Strachan, chief investment officer at Equipsuper, will be at the helm of the investment team of his super fund and Vision Super, as both funds prepare to merge. Danielle Press, chief executive at Equipsuper, said both funds are being run separately ...

SMSFs carry underlying key person risk: report

MICHAEL HOBBS  |  WEDNESDAY, 4 AUG 2010
A new report has raised concerns about the structure of self managed super funds (SMSF) as trustees potentially become unable to adequately invest and administer their retirement savings as they get older. The Financial Wellbeing in Retirement report ...

Alaska SWF beats target return by 2pc

MICHAEL HOBBS  |  TUESDAY, 3 AUG 2010
... financial year to record a $36 billion closing balance. Only one of the fund's asset classes posted a negative outcome. Michael Burns, chief executive at the SWF, said the investment team is especially pleased with its bond portfolio. The Alaska Permanent ...

IML Future Leaders posts 25pc return

MICHAEL HOBBS  |  TUESDAY, 3 AUG 2010
Investors Mutual Limited's (IML) Future Leaders Fund returned more than 25 per cent for the financial year to July beating its benchmark by more than 12 per cent and cementing its spot in the top five best performing Australian equities funds over the ...

Gen-Y super Individuum shuts down

MICHAEL HOBBS  |  MONDAY, 2 AUG 2010
IOOF-owned online super fund for Gen-Yers, Individuum, has been closed down with funds pooled to one of the parent company's superannuation options. The super fund was closed to new money and shut down approximately a year ago, according to an IOOF ...

Industry backs MySuper reforms

MICHAEL HOBBS  |  MONDAY, 2 AUG 2010
Superannuation industry associations have welcomed the government's MySuper reforms but one industry body said more should be done to protect and encourage competition within the market. Pauline Vamos, chief executive at the Association of Superannuation ...
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