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Superannuation

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.

Westpac adds to growing trophy cabinet

CHRIS NICHOLLS  |  TUESDAY, 12 JUN 2007
Westpac added to its trophy cabinet today by picking up the Best Retail Bank in Asia and Best Retail Bank in Australia awards for 2006 at The Asian Banker Magazine's Excellence in Financial Services Awards in Shanghai.

Sunsuper seals admin deal with a twist

While many financial planners are moving towards the fixed fee model, fund administration services providers are running in the opposite direction, as evident from the recent Sunsuper and Citistreet deal.

Balanced funds tip towards alternatives

A new Deloitte survey on what asset classes a balanced fund typically invests in found falling demand for fixed interest and a marked shift towards alternative assets.

Public companies should learn from private equity

ALEX DUNNIN  |  THURSDAY, 7 JUN 2007
Public companies could emulate the perceived success of private equity if their boards were allowed to be more independent and they were empowered to manage companies more actively, including using more leverage.

Investors extending their investment edge

ALEX DUNNIN  |  THURSDAY, 7 JUN 2007
Investors looking for higher and more consistent alpha are driving interest in "extension" strategies that integrate both long and short positions, following a trend already very strong in the US but now gaining ground in Australia, said State Street ...

Centro direct property funds grow assets

HAMISH MADDEN  |  WEDNESDAY, 6 JUN 2007
The Centro Direct Property Fund (DPF) and the Centro Direct Property Fund International (DPFI) have finalised a combined $950 million investment into the jointly owned Centro Retail Investment Trust (CRIT).