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Superannuation

ASSET Super appoints Mercer

RUTH LIEW  |  THURSDAY, 12 JUN 2008
Multi-industry superannuation fund ASSET Super has appointed Mercer Investment Consulting as their new asset consultant.

Fin education at the click of a mouse

RUTH LIEW  |  THURSDAY, 12 JUN 2008
South Australian-based industry superannuation fund Statewide is taking its financial literacy program to cyberspace in a bid to raise member awareness on their finances.

Self-employed lack super

RUTH LIEW  |  THURSDAY, 12 JUN 2008
Nearly one-third of all self-employed Australians have zero superannuation, new research shows.

Aust and NZ to mutually recognise capital raisings

ALEX DUNNIN  |  THURSDAY, 12 JUN 2008
Australia and New Zealand are about to sign a deal that will enable capital raising securities to be offered in both countries without the need for extra compliance hurdles.

Treasury Asia wins $61.9m Skandia mandate

MICHAEL HOBBS  |  WEDNESDAY, 11 JUN 2008
Skandia Investment Group (SIG) has awarded a $61.9 million Asian mandate for its Global Best Ideas fund to Treasury Asia Asset Management.

Instos rushing to infrastructure

RUTH LIEW  |  WEDNESDAY, 11 JUN 2008
Infrastructure has traditionally hovered at the outskirts of mainstream asset classes - but industry players are now putting more money into the sector as investors seek a safe haven from poor returns.

Australia gets Chinese QDII status

MICHAEL HOBBS  |  WEDNESDAY, 11 JUN 2008
Australian financial services operators will now get direct access to Chinese domestic investment funds after Australia was approved as an official investment destination under the Qualified Domestic Institutional Investor (QDII) scheme.

Challenger JV opens EM infrastructure doors

MICHAEL HOBBS  |  TUESDAY, 10 JUN 2008
Challenger Financial Services and global trading company Mitsui & Co have signed a joint venture agreement to develop an infrastructure focussed investment management business in Singapore and launch an emerging markets infrastructure fund.

CalPERS may lose $947 million

RUTH LIEW  |  TUESDAY, 10 JUN 2008
The California Public Employees' Retirement System (CalPERS) may lose nearly $950 million from its investments in US housing crash-victim LandSource.

Schroders AP fund on hold

RUTH LIEW  |  TUESDAY, 10 JUN 2008
Schroder's Asia Pacific fund has been put on hold by ratings house Standard & Poor's (S&P) following the departure of the fund's portfolio manager, Millicent Lai.