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Superannuation

AMP shares up on hopes of reinsurance sale

AAP  |  WEDNESDAY, 8 OCT 2003
Shares in AMP Ltd rose by more than one per cent in early trade today amid reports that it could be close to selling its global reinsurance business for $600 million.

Wollemi Trust issues inaugural portfolio credit linked notes

AAP  |  TUESDAY, 7 OCT 2003
Standard & Poor's Ratings Services today assigned its AAA rating to the A$50 million portfolio CLNs to be issued by Wollemi Trust, a special-purpose vehicle established by Westpac Banking Corp (WBC).

NZ Super Fund appoints BNP Paribas as new custodian

The New Zealand Superannuation Fund has finalised the negotiations with BNP Paribas Securities Services to secure BNP Paribas as the custodian and investment operations provider to the NZ Fund.

Sponsors flag closing date for Fiduciary International Real Estate Fund

The Fiduciary International Real Estate Fund, the first international real estate fund of funds available specifically for Australian investors, will close to new investors on 22 October, the fund's sponsors have announced.

TGM announces restructuring

Brisbane-based global macro, currency and overlay manager, Tactical Global Management Limited (TGM), has announced a restructuring of operations and senior management positions.

S&P places AXA Global Equity Tech Fund under review

AAP  |  MONDAY, 6 OCT 2003
Standard & Poor's today announced that it has placed the AAA rating on the AXA Global Equity Technology Fund Under Review.

Corporate fund earns top rating

Sunsuper Corporate, a product developed by Sunsuper to help manage employer-sponsored superannuation schemes, has received the top AAA rating from independent consultant SelectingSuper, Sunsuper has announced.

Lloyds TSB announces new strategy today

AAP  |  MONDAY, 6 OCT 2003
Britain's Lloyds TSB is expected to give an update on the $6 billion sale of its National Bank of New Zealand when it announces a new strategy to United Kingdom investors tonight, the Australian Financial Review reported.

Perpetual launches new infrastructure fund

Perpetual Investments is expanding its range of alternative assets, with the group announcing the launch of a new wholesale diversified infrastructure fund.

AMP welcomes court decision on Stanbroke

AMP has welcomed the Federal Court decision in relation to the sale of Stanbroke Pastoral Company, a wholly owned subsidiary of AMP Life Ltd.