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Superannuation

ARIA awards Principal $400m mandate

CHRIS NICHOLLS  |  TUESDAY, 15 MAY 2007
Principal Global Investors' diversified fixed income Global Strategic Income Fund has been awarded a $400 million mandate from the Australian Reward Investment Alliance (ARIA).

CFS feels the rhythm

CHRIS NICHOLLS  |  MONDAY, 14 MAY 2007
Colonial First State Global Asset Management (CFS GAM) has gotten with the groove by agreeing to purchase a major music copyright catalogue from DreamWorks Music Publishing as it prepares to launch a media-focused investment fund.

A new way for AMP fixed interest

CHRIS NICHOLLS  |  MONDAY, 14 MAY 2007
AMP Capital Investors has awarded boutique manager Vianova Asset Management a $75 million mandate for a part of the fixed interest component of its AMP Future Directions Fund.

Bumper year for wealth managers

The latest banking report by advisory firm KPMG has confirmed that the country's major banks enjoyed another record year in profits, with wealth management still the crowning jewel.

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.