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Superannuation

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.

Clitheroe and Kelty honoured

RUTH LIEW  |  TUESDAY, 10 JUN 2008
Financial services stalwarts Bill Kelty and Paul Clitheroe were recognised in this year's Queen's Birthday Honours List for their contributions to the finance industry.

Syndicated loan market contracts by half

WWW.THESHEET.COM  |  TUESDAY, 10 JUN 2008
Syndicated lending by Australian banks fell by around half during the March 2008 quarter, in one measure of the restricted availability of corporate credit since the global credit crunch emerged in mid 2007.

ING A rejects munitions claims

MICHAEL HOBBS  |  FRIDAY, 6 JUN 2008
ING Australia has hit back at claims that it invests in companies that manufacture cluster munitions, stating it applied strict standards that prevented investments in such practices and that it is already a signatory of the Equator Principles.

Future Fund to release quarterly public reports

ALEX DUNNIN  |  THURSDAY, 5 JUN 2008
With the Future Fund's investment strategy falling into place, it has advised parliament that in the new financial year it will be begin releasing quarterly public reports.

Sunsuper teams with Mercer

ALEX DUNNIN  |  THURSDAY, 5 JUN 2008
Sunsuper has engaged Mercer to provide investment consulting advice and supplement their expanding in-house investment team.

AUSfund signs on more funds

RUTH LIEW  |  WEDNESDAY, 4 JUN 2008
The unclaimed super advertising campaign has successfully highlighted the issue of loss super among Australia after more than 60 superannuation funds nominated AUSfund as their preferred Eligible Rollover Fund (ERF).