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Superannuation

ASFA develops standardised super fund data forms

ALEX DUNNIN, HAMISH MADDEN  |  FRIDAY, 4 MAY 2007
Increasing demand for up-to-date super fund performance and asset allocation data has prompted the Association of Super Funds of Australia (ASFA) to develop standardised data forms for super funds akin to what has been used by the retail managed funds ...

Vision Super adds currency manager

HAMISH MADDEN  |  FRIDAY, 4 MAY 2007
Industry super fund Vision Super has appointed a second currency manager to its $900 million global equity portfolio, New York based FX Concepts.

Market volatility, rising AUD hits super funds

ALEX DUNNIN  |  THURSDAY, 3 MAY 2007
Volatile stock markets and the surging Australian dollar are taking their toll as super fund returns trim back to just over 10 per cent for the 12 months to end March.

AUI JVs a winning formula

Australian Unity Investments (AUI) has more than doubled its funds under management (FUM) to over $5 billion in under three years thanks to its joint ventures with top-performing boutique fund managers.

IXIS wins $450m CFS mandate

HAMISH MADDEN  |  WEDNESDAY, 2 MAY 2007
IXIS Asset Management Australia has been awarded a $450 million global bond mandate from Colonial First State for its FirstChoice platform.

Adelaide leverages a five-star rating

CHRIS NICHOLLS  |  WEDNESDAY, 2 MAY 2007
Adelaide Bank's Leveraged Equities margin lending product has been awarded a five-star rating by CANNEX, putting it in a group of only four other margin lending products awarded a "superior value" rating by the agency.

Public equity under pressure

"The issue is not private equity but what's wrong with public equity," said Future Fund chairman, David Murray, as the debate heats up over the long-term impact of private equity takeovers on the publicly listed companies sector.

Over Fifty Group ends commercial mortgages

HAMISH MADDEN  |  TUESDAY, 1 MAY 2007
Over Fifty Group has announced it is ceasing its commercial mortgage lending business and related funds management activities.

Goldman Sachs launches guaranteed financial Keystone

CHRIS NICHOLLS  |  TUESDAY, 1 MAY 2007
Goldman Sachs JBWere yesterday launched a trio of NAB-backed retail capital protected structured funds - the Keystone funds - aimed at investors who want access to the Asian, European and BRIC (Brazilian, Russian, India, China) markets.

Bigger teams, more products for fixed interest: S&P

CHRIS NICHOLLS  |  TUESDAY, 1 MAY 2007
Fixed interest managers are increasing the size of their teams and evolving their products to meet retail expectations, according to Standard & Poor's (S&P).