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Superannuation

Super funds to raise hedge fund weighting

Australian super funds are predicted to increase their investment allocation to hedge funds by $1 billion over the next two to five years with some switching from the popular fund-of-fund strategy to single strategy and multi-strategy hedge funds.

Ben Davis bags CIMA scholarship

Zenith Investment Partners' Ben Davis is the latest recipient of the BlackRock-sponsored CIMA Scholarship for Retail Managed Funds and Master Trust Research Analysts.

State Super awards $39m property mandate

MICHAEL HOBBS  |  FRIDAY, 30 MAY 2008
State Super has awarded Franklin Templeton a $39.2 million global direct property mandate in line with the super fund's strategy to invest in more overseas assets.

UK instos back climate change fundie

Universities Superannuation Scheme (USS), UK's second largest pension fund, is joining three other institutional investors in investing more than $160 million in Climate Change Capital Group.

Super funds to offer FHSAs

Eight super funds have expressed their intention to offer members with First Home Savers Accounts (FHSAs), according to a new survey.

Clear lines between ratings and research

RUTH LIEW  |  WEDNESDAY, 28 MAY 2008
Credit rating agencies and financial product research houses play vastly different roles when it comes to assessing the value of an investment, said Property Investment Research (PIR).

Westscheme awards $10m private equity mandate

RUTH LIEW  |  WEDNESDAY, 28 MAY 2008
West Australian industry superannuation fund Westscheme has appointed a $10 million private equity mandate to Brandon Capital.

Industry funds have mass appeal: Chant West

MICHAEL HOBBS  |  WEDNESDAY, 28 MAY 2008
Most Australians should be invested in industry or public sector super funds, said superannuation researcher Warren Chant.

SSgA exchange traded funds rise 33pct

Exchange traded funds (ETFs) is officially a billion-dollar industry for the local arm of State Street Global Advisors after the investment manager reported its "Spider" ETFs rose 33.1 per cent to reach $1 billion over the 12 months to May.

Super savings on track

ALEX DUNNIN  |  WEDNESDAY, 28 MAY 2008
Just as new research confirms that Australians are on track for a retirement income equivalent to more than 90 per cent of average weekly earnings, concerns are growing about the damage rising inflation could have on these savings goals.