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Superannuation

Challenger small cap fund tops performance tables: survey

Three funds - the Challenger Australian Small Companies Fund, the GMO Small Companies Trust and Perpetual Smaller Companies Share Fund - continue to lead the risk-adjusted performances of Australian small cap managers, according to a new survey.

Zenith approves PJF property securities fund

Zenith has given an "approved" rating to the Perpetual James Fielding (PJF) Property Securities Fund, it has announced.

S&P affirms A minus ratings on MBF Australia, outlook stable

AAP  |  THURSDAY, 11 DEC 2003
Standard & Poor's Ratings Services said today that it has affirmed its A-minus long-term counterparty credit and insurer financial strength ratings on MBF Australia Ltd.

Telstra Super moves further into alternative assets

Telstra Super has announced three new alternative investment mandates, including the appointment of UBS O'Connor to run a $60 million fund of hedge funds.

IAG to sell ClearView businesses to MBF

Insurance Australia Group (IAG) has announced it has agreed to sell its ClearView businesses to MBF for approximately $220 million plus up to $50 million in earn-out, subject to business performance.

Macquarie Office Trust makes first offshore investment

AAP  |  WEDNESDAY, 10 DEC 2003
Macquarie Office Trust today said it had acquired an 80 per cent interest in two United States office properties, totaling $US112.8 million.

Former director faces contempt allegations over 44-year ban

The Australian Securities and Investments Commission (ASIC) has commenced further contempt proceedings against a banned former company director, Maxwell John Reid.

AMP expected to reveal rights offer details next week

AAP  |  WEDNESDAY, 10 DEC 2003
Financial services group AMP Ltd is expected to reveal next week if its $1.2 billion rights offer suffered a shortfall.

Absolute Capital discards capital markets capability

Alternative investments manager Absolute Capital has announced the divestment of its capital markets business, after only last week announcing a strategic alliance with ABN AMRO.

AMP shareholders vote in favour of demerger proposal

AAP  |  TUESDAY, 9 DEC 2003
AMP Ltd shareholders today voted overwhelmingly in favour of the troubled financial services group spinning off its ailing British business from its Australasian operations.