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Bravura partners with Statewide for super development

HAMISH MADDEN  |  MONDAY, 4 SEP 2006
... requirements. Bravura executive director and chief operating officer, Simon Woodfull, said, "We are delighted Statewide, a top provider of superannuation and insurance administration services, is committed to partnering with Bravura for the further development ...

SMSFs most flexible option post Budget: Mariner

KATE HAGE  |  MONDAY, 4 SEP 2006
Mariner Financial believes that recent Budget changes mean the most flexible way individuals can top up their super over time is through a self-managed super fund (SMSF). Because of the newly introduced cap on undeducted contributions of $150,000 per ...

SERF awards MLIM $85m portable alpha mandate

... continued, "Stripping out the betas can be very expensive and hard to manage so it's hard to pick managers who can generate more on top of that." But it means though that because the number of managers from whom funds can strip high alpha returns from ...

Five major banks spend six times more on ads than super sector

WWW.THESHEET.COM  |  FRIDAY, 1 SEP 2006
... media in Australia during the June quarter, up 30 per cent over the same period last year. This spending by just the five top banks is thought to be more than twice what was spent by the entire industry super fund sector for the whole year. Advertising ...

Abacus Property to launch hotel fund

... deciding whether the fund will be unlisted or listed on the stock exchange. The hospitality fund will also have a sweetener on top, in the form of as much as a half-price discount on room rates in the hotels, which includes the Novotel Twin Waters Resort ...

Zenith names top global managers

BT Financial, Platinum, Morgan Stanley and PM Capital have been named top of their league as part of the annual International Shares Sector Review by research firm Zenith Investment Partners. Zenith, which provides research and fund manager ratings ...

AXA hits $10bn on platform but continues to build

HAMISH MADDEN  |  TUESDAY, 29 AUG 2006
AXA's Summit platform has ridden a tide of strong sales and continued support from advisers past its milestone of $10 billion in funds under administration (FUA). June and July saw AXA record all time record sales, taking FUA past the $10 billion mark ...

Daily economic round-up

PETER BELL  |  FRIDAY, 25 AUG 2006
... per cent. Consequently company taxes are expected to grow by 12.6 per cent in 2006-07 to $57 billion. With about half of the top 300 companies now having reported, overall profits are up 26.1 per cent on last year with Resource companies contributing ...

After failed IPO, Snowy Hydro still top rated

ALEX DUNNIN  |  THURSDAY, 24 AUG 2006
Moody's Investors Service has upgraded Snowy Hydro's senior unsecured rating to A3, up from Baa1, in a rating review that commenced when Snowy Hydro first announced plans to conduct its now abandoned IPO. Moody's said Snowy Hydro's baseline credit analysis ...

Mellon scores $250m Sunsuper mandate

... they have a different focus and a different sort of strategy," said David Hartley, chief investment officer at Sunsuper. The top performing super fund has announced a string of mandates in the last few months including the addition of Australian equity ...