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Superannuation

Not drowning just waving

It is confession season for corporates and while the Institutional Broker's Estimate System shows a majority of analysts downgrading profits, the domestic market seems to be waving rather than drowning.

Treasury group seeds another boutique

ALEX DUNNIN  |  TUESDAY, 17 JUL 2007
The Treasury Group (TTG), the funds management incubation and development group, has entered into an agreement to establish a new boutique asset manager to be known as Cannae Capital Partners that will target Australian and New Zealand equities.

Corp funds still unfazed by choice: Deloitte

ALEX DUNNIN  |  TUESDAY, 17 JUL 2007
Corporate funds are still unfazed by super choice even though most confess they will soon need to ramp up their services if they are to survive, according to a Deloitte report.

More money on money

The continuing globalisation of investments is driving more pension funds to adopt savvier currency strategies, according to State Street Global Advisors (SSgA).

AFS renews Oasis contract

CHRIS NICHOLLS  |  MONDAY, 16 JUL 2007
AFS Group has renewed its strategy portfolio (SPL) administrative agreement with Oasis Asset Management following a nine month tender process.

US energy powers VFMC

The Victorian Funds Management Corporation (VFMC) has looked to the US energy and electric power sector for returns and is one of the main investors in a power fund run by private equity fund manager Energy Investors.

Tyndall, Suncorp restructure investment ops

Tyndall and Suncorp have announced the restructuring of their investment operations following Suncorp's purchase of the Promina group in March this year.

S&P downgrades Aust Unity insurance

CHRIS NICHOLLS  |  THURSDAY, 12 JUL 2007
Standard & Poor's has downgraded Australian Unity General Insurance's (AUGI) BBB rating, placing it on credit watch 'with negative implications', following its acquisition by Calliden last week.

Northern Trust opens local shop

Global custodian Northern Trust, the US-based custodian selected by the $51 billion Future Fund, flagged its more serious intention to service the local market with the grand opening of an Australian headquarters.

Plum awash with TFNs

CHRIS NICHOLLS  |  WEDNESDAY, 11 JUL 2007
Plum Financial Services' campaign to inform clients about the significance of not submitting tax file numbers post-1 July has netted a four-fold rise in submissions over the past few months, according to chief executive, Mike Fitzsimons.