Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

NZ bourse doubles earnings ahead of KiwiSaver

The New Zealand Exchange has posted a 102 per cent increase in earnings in the first half of 2007 and expects a stronger boost later in the year once the KiwiSaver and other related tax changes kick in.

SMSFs and mergers drive Macq property fund growth

CHRIS NICHOLLS  |  WEDNESDAY, 25 JUL 2007
Macquarie Direct Property Fund (MDPF) today announced assets under management increased by almost 200 per cent over the past 12 months through a series of mergers and acquisitions that tipped in over $800m.

Magellan puts money where its mouth is

CHRIS NICHOLLS  |  WEDNESDAY, 25 JUL 2007
Magellan Financial Group has launched two unique retail funds that only pay performance fees when returns exceed both a relative market benchmark and 10 year Australian Government Bond yields.

AXA re-writes individual insurance

CHRIS NICHOLLS  |  TUESDAY, 24 JUL 2007
AXA today launched a significant upgrade to its individual insurance products, offering a new Trauma Reinstatement option, reduced TPD waiting periods and increased TPD payouts.

HFA finds Lighthouse leads to global growth

CHRIS NICHOLLS  |  TUESDAY, 24 JUL 2007
HFA has agreed to purchase US-based alternative investment manager Lighthouse Partners for A$707 million in cash and shares - approximately 11 times Lighthouse's estimated FY08 EBITDA.

Mellon wins $17.5m MFS mandate

CHRIS NICHOLLS  |  MONDAY, 23 JUL 2007
Mellon Global Investments Australia has won a $17.5 million mandate from MFS Investment Management (MFSIM) to manage their Premium Income Fund.

Centric engages in three-way merger

CHRIS NICHOLLS  |  FRIDAY, 20 JUL 2007
Centric Wealth today announced its merger with Melbourne-based advisory business Gaddie Metz Kahn and Sydney-based Myers Business Partners, giving it access to the Melbourne market and expanding its Sydney base.

Absolute differences among hedge funds

WWW.THESHEET.COM  |  FRIDAY, 20 JUL 2007
The hedge fund industry was working hard yesterday to distance itself from Basis Capital, which notified investors late on Wednesday that it was in default on margins loans and faced a forced sale of assets that may result in a return of less than 50 ...

Maxim throws weight on unlisted property

CHRIS NICHOLLS  |  THURSDAY, 19 JUL 2007
Maxim Asset Management has launched a new fund which will invest up to 60 per cent in Australian unlisted property due to the increased risk of listed trusts, said managing director and chief executive Winston Sammut.

Members treble personal contributions: Sunsuper

Sunsuper has announced its biggest year ever in contributions after members parked three times more of their own money into the fund during the year.