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Financial Planning

Direct super sales site launched by advisers

Online direct sales group, Discount Managed Funds, has kicked off a similar service for superannuation funds, operating under the Discount Super Funds (DSF) banner and providing full rebates of up front commissions.

Japanese alternative investment firm expands into Australia

Japanese alternative investments specialist Teneo Partners has expanded into the Australian market following investor demand for alternative investment products from the local market.

Telstra Super appoints LSV Asset Management

Telstra Super has appointed global equity value manager LSV Asset Management to manage $100 million following the decision to allocate $200 million to new value managers.

MFS launches new fund in property trusts and firms ties with Babcock & Brown

MFS Investment Management (MFSIM) has launched Optimiser One, a unit trust investing in both listed and unlisted property trusts.

CSAM moves into hedge fund market

Credit Suisse Asset Management (CSAM) has launched two Australian domiciled funds of hedge funds to signify the inception of its alternatives business in the local arena.

New head appointed for Deutsche Asset Management

Ed Peter has been appointed as head of Deutsche Asset Management (DeAM) for Asia, Australia and Japan where he will have responsibility for integrating and building the bank's asset management business for the region.

Mercer's survey reveals employees slow to act on choice

Mercer's 2005 Benefits Outside the Square survey has revealed only 10 per cent of employees will most likely switch funds over the next two years however 73 per cent are unlikely or very unlikely to change funds.

Federal Court reconsiders KordaMentha remuneration claim

Based on Australian Securities and Investment Commission (ASIC) submissions to a Federal Court of Australia review of a $2.856 million payment made to Stockford Administrators KordaMentha the Court has ordered a committee of inspection consider the claim ...

IFM counterbids for PacHydro

Industry Funds Management (IFM) has made a bid for the remaining stake of Pacific Hydro bettering an offer made by Spanish Company Acciona by 10c a share.

AXA's new fund looks at core of international equities

AXA has launched its new international equities fund called the Wholesale Global Equity Core Fund and aimed at providing long-term capital growth for its investors.