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Superannuation

RECP goes north

CHRIS NICHOLLS  |  MONDAY, 18 JUN 2007
Real Estate Capital Partners (RECP) will expand its services by opening a Brisbane office and appointing a specialist direct property fund manager.

Macq enters forex market

CHRIS NICHOLLS  |  MONDAY, 18 JUN 2007
Macquarie has purchased 51 per cent of fast-growing online foreign exchange provider OzForex, allowing it to offer tailored foreign exchange services to its 670,000 retail customers.

Inalytics wins first Aussie mandate

One of the largest fund managers in the country Queensland Investment Corporation (QIC) has appointed the local arm of London-based research consultancy group Inalytics to help analyse fund managers' investment skills within QIC's portfolios.

QSuper champions fin literacy

QSuper, the superannuation fund for the Queensland Government, will roll out a host of initiatives that will help improve the financial literacy of its 470,000-odd members, including the largely overlooked Gen X and Gen Y segments.

Mellon scores Asset Super mandate

CHRIS NICHOLLS  |  THURSDAY, 14 JUN 2007
Mellon Global Investments Australia has been awarded an $18 million mandate from Asset Super for its Mellon Global Alpha Trust, adding to its collection of 26 others.

CFD traders to reach 50,000

The number of Contracts for Difference (CFD) traders in Australia have doubled to 31,000 over the year with another 27,000 intending to trade them over the next 12 months, according to a new study.

NZ managed funds hit A$56 billion

ALEX DUNNIN  |  WEDNESDAY, 13 JUN 2007
New Zealand managed funds assets have reached A$56 billion, according to the Reserve Bank of NZ, after limping forward just 9 per cent during the year to end March 2007 helped by the NZ Stock Market that returned only 11 per cent.

Insurer claims from storms reach $200m

Insurers have received around 18,000 claims due to the damages from the four-day torrential rain and flooding that hit coastal NSW and the surrounding districts.

New look diversified funds recommended: Lonsec

Research firm Lonsec has given Zurich's revamped diversified funds a recommended rating.

Aviva bags diversity award

Savings and insurance giant Aviva won the United Nations' Global Diversity and Innovation Award for its international diversity programmes.