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Superannuation

Perpetual Trustees loses group executive

Perpetual Trustees has lost one of its key decision makers, with Rohan Mead, group executive of Personal Financial Services, resigning to accept a senior appointment.

Vertex to close domestic hedge fund, flags further expansion

Sydney-based hedge fund, Vertex Capital Management Limited, has announced the appointment of Rebecca Jacques as associate director.

Morgan Stanley drops fees in battle for LUO

AAP  |  WEDNESDAY, 15 OCT 2003
The battle for Lend Lease US Office (LUO) Trust continued today with proposed manager Morgan Stanley reducing its management fees in a bid to fend of a bid by Principal Real Estate Investors.

NAB quiet on AMP plans

AAP  |  WEDNESDAY, 15 OCT 2003
National Australia Bank Ltd chief executive Frank Cicutto was keeping his plans for potential takeover target AMP Ltd a secret today, refusing to reveal to New York fund managers and the media his bank's next move.

Australian Rugby Union added to BT corporate super's new mandates

BT Financial Group (BT) has revealed it experienced a bumper September quarter, with 15 new corporate superannuation mandates won over the three months, totalling $185 million in funds under administration.

Australia/NZ lender launches capital markets' first

Australia and NZ lender, Liberty Financial, has launched a NZ$110 million (A$95.3 million) mortgage backed securitisation (MBS) issue, it has announced.

Morningstar awards two stars to ABN AMRO international equities management

Morningstar has awarded two stars to ABN AMRO Asset Management's international equities fund management that are under the mandate of MLC.

REST appoints MFS its new global equities manager

Industry superannuation fund REST has appointed MFS to manage a $200 million global equities mandate - around 3.6 per cent of its entire portfolio - it announced yesterday.

HGL launches new listed investment company, MMC

AAP  |  TUESDAY, 14 OCT 2003
HGL Ltd today launched a new listed investment company, MMC Contrarian Ltd, to focus on out of favour or overlooked stocks.

ICA Property Group launches third property fund

AAP  |  TUESDAY, 14 OCT 2003
Sydney developer ICA Property Group in conjunction with Macquarie Bank has announced the establishment of a third fund to raise a further $50 million for investment in non-residential property developments.