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Superannuation

Private equity, hedge funds at risk

CHRIS NICHOLLS  |  TUESDAY, 31 JUL 2007
Up to half all hedge funds, at least one major bank and a "substantial percentage" of private equity firms in business today worldwide will cease to exist within five years, according to predictions made by GMO chairman, Jeremy Grantham.

St.George and HESTA champion flexible workplace

St.George Bank and HESTA Super Fund have been named winner and finalist respectively in the 2007 ACCI/BCA National Work and Family Awards, promoting companies that offer outstanding and flexible working arrangements.

Market freefall not a bear signal

The flight to quality began last week as global markets posted record share price falls but some fund managers saw the sea of red as a buying opportunity.

Benefits from new super inflows thin on ground

CHRIS NICHOLLS  |  MONDAY, 30 JUL 2007
New products and small increases in efficiency look to be the only benefits superannuation fund members reap from the massive increase in inflows received in the run up to 30 June.

Water investments the next frontier

The amount spent on water and water-related infrastructure globally has now reached $350 billion (US$300 billion) per year and growing at a rate of between 8 per cent to 12 per cent, according to a new study.

New reverse mortgage broker group sets sail

CHRIS NICHOLLS  |  MONDAY, 30 JUL 2007
New independent reverse mortgage broker network Fortus launched today, offering what it called a 'strict code of conduct' to safeguard retirees considering a reverse mortgage.

Alternatives rewrite custody

The alternative investments frenzy that has swept the local market in the last two years has prompted Australia's largest custodians to go back to the drawing board and set up units specialising in reporting the exotic and not-so-exotic investment asset ...

Zenith rates local NY fund replica 'Highly Recommended'

CHRIS NICHOLLS  |  FRIDAY, 27 JUL 2007
Zenith has rated US-based New York Venture Fund replica AFM Davis Value Trust 'Highly Recommended'.

QIC awards $570m mandate to US endowment fund

HAMISH MADDEN  |  FRIDAY, 27 JUL 2007
QIC has awarded a $570 million (US$500 million) mandate to Makena Capital, a US-based endowment and foundation (E&F) fund.

Absolute Capital suspends redemptions

WWW.THESHEET.COM  |  THURSDAY, 26 JUL 2007
Hedge fund manager Absolute Capital posted a notice on its website yesterday saying that it had "closed" its flagship fund, the $200 million Absolute Capital Yield Strategies Fund.