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Superannuation

Austock to list with $214m cap

CHRIS NICHOLLS  |  THURSDAY, 15 NOV 2007
Austock Group has announced it will begin its float on November 20, with six million shares on offer at $1.80 a share, giving the company a market capitalisation of $214.3 million.

Kingsway Taitz scores two new mandates

Hedge fund and managed accounts administration provider Kingsway Taitz has won two mandates from arkx Funds Management and RTM Capital for and absolute return fund and multi strategy carbon fund.

Poor transparency not operations caused sub-prime: Moss

WWW.THESHEET.COM  |  THURSDAY, 15 NOV 2007
Bad transparency, rather than bad lending products per se, is what disrupted credit markets over the last three months, according to Macquarie Group managing director Allan Moss.

MTAA super revs up retirement seminars

MICHAEL HOBBS  |  WEDNESDAY, 14 NOV 2007
Responding to public demand for better super literacy, MTAA Super is running retirement planning seminars across Australia to educate members about superannuation and retirement strategies.

Consultum sets 20pc planner growth target

CHRIS NICHOLLS  |  WEDNESDAY, 14 NOV 2007
IOOF has set a target to increase planner numbers at its subsidiary Consultum by 20 per cent in the next year, according to chief executive Tony Robinson.

Macq goes global

CHRIS NICHOLLS  |  TUESDAY, 13 NOV 2007
Macquarie's continued push into overseas markets has helped the group post a record half-year profit of $1.06 billion after tax.

Fixed interest still tops cash: Zenith

CHRIS NICHOLLS  |  MONDAY, 12 NOV 2007
Despite high interest rates and corresponding poor bond yields, fixed interest funds are still a better option than cash, according to a new Zenith report.

S&P launch three new Shariah indices

CHRIS NICHOLLS  |  MONDAY, 12 NOV 2007
Standard and Poor's has launched three new Shariah law-compliant indices, targeting infrastructure, healthcare and large-midcap stocks.

CommBank buys IWL

CHRIS NICHOLLS  |  MONDAY, 12 NOV 2007
The Commonwealth Bank has taken over broking technology provider IWL, dismissing the company's board and replacing chief executive Otto Buttula.

Portfolio Partners predicts 30-year resources boom

CHRIS NICHOLLS  |  FRIDAY, 9 NOV 2007
Portfolio Partners predicts Australia is about to experience a "30-year resources boom", and has developed a new Australian Resources Trust to take advantage of it.