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Superannuation

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.

CFS ploughs $280m in Myer property

CHRIS NICHOLLS  |  THURSDAY, 19 JUL 2007
Colonial First State Retail Property Trust purchased, as part of a consortium, Melbourne's landmark Myer department store building for $605 million.

WRF taps demand for alternatives

WRF Securities has signaled its plans to be a major player in global property and alternative assets after it appointed industry stalwart Maurice Kluge to the top job.

FKP ups Sydney property share

CHRIS NICHOLLS  |  WEDNESDAY, 18 JUL 2007
FKP Property Group today announced its Core Plus fund has agreed to purchase three Sydney properties with a total value of over $35 million, taking its share of the Sydney office market to 27 per cent.

Zenith recommends Barwon/Select PE fund

CHRIS NICHOLLS  |  WEDNESDAY, 18 JUL 2007
Ratings agency Zenith has awarded a "Recommended" rating to Barwon Investment Partners' Select Private Equity Portfolio, offered through their partnership with Select Asset Management.

Basis Capital suspends yield fund

WWW.THESHEET.COM  |  TUESDAY, 17 JUL 2007
Local hedge fund manager Basis Capital yesterday suspended redemptions from its $1 billion Basis Yield Fund. The fund manager wrote to investors saying that disruption to the global structured credit market had created difficulties for the fund and that ...

Avanteos platform fails to find buyer

CHRIS NICHOLLS  |  TUESDAY, 17 JUL 2007
The Commonwealth Bank has failed to attract a buyer for its Avanteos platform, after bids from potential buyers did not match their expectations.