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Superannuation

Tassies downsize to upsize retirement

MICHAEL HOBBS  |  FRIDAY, 26 OCT 2007
Many Tasmanians intend to sell their current home to part-fund their retirement and move to a 'smaller' property, a decision that could lead them into financial strife, according to Quadrant super chief executive Wayne Davy.

Euro PE due for bull run: Adveq

CHRIS NICHOLLS  |  FRIDAY, 26 OCT 2007
Europe could see more small or mid-size private equity buyouts in the near future, thanks to larger corporations repositioning and smaller businesses looking for succession solutions, according to European independent private equity fund of funds manager ...

AXA inflows stay strong after June 30

CHRIS NICHOLLS  |  FRIDAY, 26 OCT 2007
AXA Asia Pacific Holdings has posted 61 per cent net inflow growth for the September quarter for its Australian and New Zealand businesses, despite the passing of the June 30 cut-off for deposits up to $1 million.

Asset consultants change fee model: Deloitte

Asset consultants are switching from the 'fixed fee' for service model to asset-based fees in the face of falling margins and talent shortages, according to new research from Deloitte.

ANZ reports $4.18bn profit

CHRIS NICHOLLS  |  THURSDAY, 25 OCT 2007
Australia and New Zealand Banking Group (ANZ) has announced a $4.18 billion profit for the year to 30 September 2007, with strong performance in funds management but mixed results in its institutional businesses.

Sunsuper buys more alternatives

MICHAEL HOBBS  |  WEDNESDAY, 24 OCT 2007
The sub-prime led crisis is allowing institutions to take advantage of a lack of competition and acquire alternative assets on the cheap, according to Tony Lally, chief executive at Sunsuper.

Apostle adds global LPTs

Apostle Asset Management is tapping into the growing institutional demand for global listed property trusts (LPTs) after it signed a distribution deal with US-based property specialist AEW Capital Management.

Tobacco shares up in smoke

MICHAEL HOBBS  |  TUESDAY, 23 OCT 2007
The New Zealand Superannuation Fund has stripped its portfolio of $37.6 million worth of tobacco shares after an environmental, social and governance (ESG) review of the fund's investments.

Frontier finds gold in sub-prime muck

Frontier Investment, an asset consultant that advises on $90 billion of super fund assets, sees the next six to 12 months as a "window of buying opportunity" of quality stocks unfairly tainted by the sub-prime crisis.

CFS awards $450m portable alpha mandate

CHRIS NICHOLLS  |  TUESDAY, 23 OCT 2007
Colonial First State's (CFS) FirstChoice platform has awarded Franklin Templeton Investments a A$450 million fixed income portable alpha mandate.