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Stockland opens unlisted shopping centre fund

... management. With more than $86 million already allocated in SDRT, the group plans to launch additional retail and wholesale funds next year. The forecast annualised cash yield is 7.75 per cent in 2007, rising to 7.85 per cent in 2008. Minimum investment ...

MLC analyst bags 2006 Future Leaders Award

... quality of the people has been an addition to that," he said. The papers will be presented at the IFSA Key Issues Presentations next month. Meanwhile, Mahalingam also received a round-the-world air ticket and five night's accommodation in New York, where ...

Future Fund chair talks about T3 and politics

... will not get tangled up in government politicking. With a huge chunk of Telstra (T3) shares going into the Future Fund early next year, it was unavoidable that Murray would be asked whether he thinks the telecoms stock is a good investment. "I don't ...

Daily economic round-up

PETER BELL  |  THURSDAY, 12 OCT 2006
The possibility of an interest rate rise at the next meeting of the RBA increased last night when the governor, Dr Glenn Stevens, mentioned that the September quarter CPI figure due on 25 October would be a linch pin in the decision. Dr Stevens said ...

Exotic and unequitable fees on the rise

KATE HAGE  |  THURSDAY, 12 OCT 2006
... their benchmark, but if they don't achieve it, it isn't paid. "In this case the actual return is reset at the start of the next year, so rather than recouping any underperformance before qualifying for payment of the performance fee they simply reset ...

Coin rolls out insurance in updated software

KATE HAGE  |  WEDNESDAY, 11 OCT 2006
... built up within coin, allowing advisers to move between investment planning and risk planning very easily. "Then over the next 12 months we are looking to integrate it [INC] with insurance providers so advisers can perform online applications and further ...

More growth through structured products and MAs

Structured products and managed or wrap accounts are the next cornerstones of the global investment funds sector, according to an on-the-spot poll of fund managers and other industry participants at the SIBOS conference held this week. The majority ...

Daily economic round-up

PETER BELL  |  MONDAY, 9 OCT 2006
... non-residential construction sectors that remained the most buoyant. NAB says global growth has peaked at about 5 per cent and next year will ease to 4 per cent. Australian Overseas Arrivals and Departures data released by the ABS shows that over the ...

Tynan Mackenzie promotes CEO successor

HAMISH MADDEN  |  MONDAY, 9 OCT 2006
... Mackenzie one of the leading financial advice firms for high net worth Australians. He has the business well positioned for the next phase." Before joining Tynan Mackenzie Meehan held several senior positions at AXA, including executive director of Monitor ...

Tyndall managing director steps aside

KATE HAGE  |  FRIDAY, 6 OCT 2006
Tyndall will begin looking for a new managing director next week after Barry Sheehan announced he was stepping aside to take on a new role at Tyndall after after less than 12 months in the top job. Sheehan, formerly of HSBC Asset Management, said he ...