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Qantas Super names new chief exec

CLAIRE MCGREAL  |  FRIDAY, 2 DEC 2011
Former JP Morgan Chase executive, Jane Perry will take the reins as chief executive of Qantas Super next February. Perry had been with JP Morgan Chase since 2008, most recently in the role of chief executive officer, treasury and securities services ...

Market Wrap - Morning

AAP  |  FRIDAY, 2 DEC 2011
... Shirakawa warned that the move was not enough on its own to solve Europe's fiscal woes. Eyes will now be on a European summit next week, where pressure will be on leaders to come up with a plan to tackle the region's two-year-old sovereign debt crisis ...

Quantum launches US residential fund

RACHEL DAVIS  |  THURSDAY, 1 DEC 2011
... invest in. With Atlanta and Dallas the first target cities, the Fund will look to invest into two more American cities early next year, and up to seven cities over the life of the Fund. Despite the fall in property values across the US residential sector ...

FOFA implementation time vital: ASFA

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
ASFA is calling for a 12 month "transition period" from the proposed FOFA start date next winter to give the industry time to properly implement the changes. In its submission to the Parliamentary Joint Committee (PJC), the Association of Superannuation ...

A liquid Christmas

BENJAMIN ONG  |  THURSDAY, 1 DEC 2011
... revived it in May last year - after closing the 2007 programme in February 2010 - and set to be in operation till 1 August next year (now extended to 1 February 2013). Never mind. Financial markets are happy. Financial markets aren't worried. Some argue ...

Super funds evolve towards direct property: AMP

ELISE BURGESS  |  WEDNESDAY, 30 NOV 2011
... When asked whether more super funds would invest in direct property, Judd was confident trends would emerge even over the next 12 months. "We have had a mandate with UniSuper for over 10 years investing in direct real estate, we manage around $800 million ...

Half-filled empty glass

BENJAMIN ONG  |  WEDNESDAY, 30 NOV 2011
... growth forecasts. Real GDP growth is now expected at 0.9% this year (nearly half of the earlier prediction of 1.7%) and 0.7% next year (down from the 2.5% predicted in March). In the Eurozone, last night's Italian bond auction of three-year credit sold ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 30 NOV 2011
... sovereign debt crisis. LONDON - Britain will spend STG30 billion ($A47 billion) on major infrastructure projects over the next 10 years to stimulate economic growth. BERLIN - German export growth is set to slow next year but still post a 6.0 per cent ...

OECD: Economy to grow by 4% next year

CLAIRE MCGREAL  |  TUESDAY, 29 NOV 2011
... Australian economy will continue to grow, by 4% in 2012 and 3.2% in 2013. Although, unemployment is expected to rise slightly next year to 5.3 %. The economic think tank said that while the crises in Europe has resulted in a weaker growth outlook for ...

Equip/Vision launch new brand

ELISE BURGESS  |  TUESDAY, 29 NOV 2011
The $10 billion merged entity of Equipsuper and Vision Super, to launch in June next year, will retain the Vision brand it was announced today. Unanimously supported by the combined board of both merging funds, the 'Vision' brand will represent the ...