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Superannuation

Putnam wins $600m AMP fixed income mandate

AMP Capital Investors Future Directions Fund has awarded Putnam Investments a global fixed income mandate worth around $600 million.

Biotech fund breaks into $4bn hearing loss sector

Listed fund BioTech Capital is making a play for the $4 billion hearing loss industry by injecting $2 million into hearing technology company Sensear.

Skandia parts ways with Mercer

CHRIS NICHOLLS  |  TUESDAY, 19 JUN 2007
Skandia has bowed to the inevitable and replaced Mercer Investment Consulting with in-house consultancy Intech as its portfolio construction adviser from next month, ending uncertainty over where the two companies sat within the business.

Enhanced index tips over $10bn

State Street Global Advisors' Global Index Plus strategy has attracted more than $10 billion in funds under management, clocking more than a billion each year since launch, as more super funds shift their money from 'vanilla' index portfolios to those ...

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.