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Superannuation

Northern Trust wins Future Fund custody

Nasdaq listed custodian Northern Trust Corporation scooped the largest custody mandate ever awarded by an Australian institution when it was chosen to provide custody and other related services to the $51 billion Future Fund.

ING PEAL backs second Quadrant fund

HAMISH MADDEN  |  FRIDAY, 11 MAY 2007
ING Private Equity Access Limited (ING PEAL) has committed $10 million to a second Quadrant Private Equity fund, following the $8 million committed to the first Quadrant fund in 2005.

UBS Australia imports global strength

The newly appointed chief executive of UBS Global Asset Management Australia, Paul Bolinowsky, has signalled that the group will increasingly use the intellectual muscle of its parent company as more and more local investors demand investment products ...

AIST against participating employer rule change

ALEX DUNNIN  |  THURSDAY, 10 MAY 2007
The Australian Institute of Superannuation Trustees (AIST) said it is not comfortable with the Budget's announcement that employers will no longer have to sign participating employer agreements before they can submit contributions to a public offer fund ...

Tyndall sees off fundie frenzy

CHRIS NICHOLLS  |  THURSDAY, 10 MAY 2007
Tyndall's focus on staff consistency, clear plan of attack and strength in implementation were the key aspects driving its doubling of profits in the last year, according to managing director, Brett Himbury.

State Street rebrands ETFs

HAMISH MADDEN  |  THURSDAY, 10 MAY 2007
State Street Global Advisors (SSgA) has re-branded its listed streetTRACKS series of exchange-traded funds (ETFs) under the new global State Street ETF brand SPDRs.

Bevan to hit retail mortgage market for six

CHRIS NICHOLLS  |  THURSDAY, 10 MAY 2007
Former test cricketer and one-day star Michael Bevan has entered what will hopefully be a winning partnership with consultancy The Franchise Shop to establish a chain of retail mortgage franchises around the country.

Rainmaker award votes nearing 6,000

ALEX DUNNIN  |  WEDNESDAY, 9 MAY 2007
Rainmaker has received a record number of award nominations and votes for its 2007 Marketing Excellence Awards, which are being tallied in preparation for the Rainmaker Marketing Symposium to be held at the Stamford Plaza in Double Bay, Sydney end of ...

Fixed income reinvented: Lehman

The fixed income sector is going through a fundamental philosophical shift as more investors demand absolute return type fixed income strategies over traditional long-only products, said Jack Malvey, chief global fixed income strategist at Lehman Brothers.

MFS sells half stake in HFA

HAMISH MADDEN AND CAMERON BOGGS  |  MONDAY, 7 MAY 2007
MFS has continued its frenetic activity of recent months, announcing the sale of half its stake in HFA Holdings as well as the acquisition of another New Zealand advice business.