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Superannuation

Private Portfolio Managers launches LIC

AAP  |  MONDAY, 1 MAR 2004
Boutique fund manager Private Portfolio Managers today launched a new listed investment company (LIC), to be called PPM Investments Ltd.

ING posts 50% increase in net profit

AAP  |  MONDAY, 1 MAR 2004
Australia and New Zealand Banking Group said today that ING Australia, the nation's fourth largest retail fund manager and life insurer, posted a 50% increase in net profit in 2003

Super fund assets lift 2.2%: ABS

AAP  |  MONDAY, 1 MAR 2004
Superannuation funds' assets lifted 2.2% in the December quarter to more than $330 billion, according to figures from the Australian Bureau of Statistics

ASIC stops IFC investor fund raising

The corporate watchdog has obtained interim orders in the Federal Court,preventing International Finance Corporation Limited and its directorsfrom raising funds from investors.

Suncorp Metway interim profit up 81%

AAP  |  FRIDAY, 27 FEB 2004
Suncorp Metway remains on track for a good full-year profit after today posting an 81% increase in interim net profit to $281 million.

Qsuper leads superannuation provider rankings

Preliminary results from Rainmaker research have shown that Qsuper is the best performing superannuation provider over the last year.

Perpetual wins fund manager award

Perpetual Investments has taken the top award in the Morningstar Fund Manager of the Year Awards for 2003.

Macquarie Equity launches second Equinox offer

Macquarie Equity Markets Group has launched its second offering of shares in its alternative investment, Equinox, which offers absolute returns with capital protection.

Mellon target institutional investors with new trusts

Mellon Global Investments Australia has launched two new wholesale trusts, the Mellon Global Tactical Asset Allocation Trust and the Mellon Global Equities Trust.

Macquarie Infrastructure Group books half year net loss

AAP  |  THURSDAY, 26 FEB 2004
Macquarie Infrastructure Group today reported a net loss of $386.264 million for the first half of 2003-2004, compared to a net profit of $498.823 million in the previous corresponding period.