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Superannuation

Challenger wins $200m from AustralianSuper

AUSTRALIANSUPER RELEASE  |  MONDAY, 12 JUL 2010
AustralianSuper has signed a $200m deal to invest in an unlisted debt portfolio managed by Challenger Financial Services Group, which invests in a combination of property and private equity debt in Australia and New Zealand.

GESB can manage tougher measures on capital reserves

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
WA-based GESB said the super fund supports the Cooper Review's recommendation on new capital requirements and said it won't be an issue even if - in theory - the super fund grows to $350 billion, the average size of a super fund by 2035 based on Treasury ...

Maritime and Auscoal Super in merger talks

RUTH LIEW  |  FRIDAY, 9 JUL 2010
Maritime Super is in merger talks with coal community industry fund Auscoal Super to create an $8 billion-plus fund.

Cbus and St Hilliers tag housing project

RUTH LIEW  |  THURSDAY, 8 JUL 2010
Cbus Property, a subsidiary of the $13 billion super fund Cbus, and St Hilliers are teaming up to launch a marketing campaign for a $148 million luxury apartment development project in Darlinghurst.

Omega wins Medibank and Telstra Super mandates

RUTH LIEW  |  WEDNESDAY, 7 JUL 2010
Specialist fixed income manager Omega Global Investors has won a $50 million mandate from Medibank and a second from Telstra Super for an undisclosed sum.

HOSTPLUS and ME Bank open shop

MEDIA RELEASE  |  WEDNESDAY, 7 JUL 2010
HOSTPLUS and ME Bank have opened a full service retail outlet on the Gold Coast, marking the super fund and the bank's foray into providing traditional banking services - but with superannuation advice available, too, if their customers request it.

Telstra unveils defensive growth strategy

COMPANY RELEASE  |  TUESDAY, 6 JUL 2010
Telstra Super has launched a "Defensive Growth" investment option for members whose risk appetite may have lessened in the medium term, but want to participate in capital growth through growth assets.

Olive branch for SMSF art investors

MEDIA RELEASE  |  TUESDAY, 6 JUL 2010
SMSFs' investments in exotic assets including art may be banned if the Cooper Review's recommendations go ahead - but one of the review's panelists, Meg Heffron, said art is still an option for investors, if they restructure their fund.

ESSSuper drops VFMC for Towers Watson

RUTH LIEW  |  TUESDAY, 6 JUL 2010
The $15 billion Victoria-based ESSSuper has appointed Towers Watson as its new investment adviser for the fund's accumulation assets, terminating its previous contract with VFMC, which will still be the adviser for the fund's defined benefit investments.

Legalsuper attracts record inflows

MICHAEL HOBBS  |  TUESDAY, 6 JUL 2010
Legalsuper attracted 52 per cent more non-employer contribution transfers from other super funds than in the previous financial year.