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Superannuation

PIS Beijing office a world first

CHRIS NICHOLLS  |  MONDAY, 23 APR 2007
Australia's largest financial advisory group, Professional Investment Services (PIS), became the first non-Chinese wealth management service in China last week when it opened its new offices in Beijing.

AXA boosts profits, broadens Asian market reach

CHRIS NICHOLLS  |  MONDAY, 23 APR 2007
AXA chairman Rick Allert announced a 25 per cent jump in net profits, increases in capital and investment earnings and the acquisition of Winterthur Hong Kong at AXA's AGM last week.

Canadian pension fund returns topping 14 per cent

ALEX DUNNIN  |  FRIDAY, 20 APR 2007
Canadian and Australian pension funds have a lot in common as the good performance run of Canadian pension funds is continuing to be driven by both domestic and international equities.

Future Fund focuses on building blocks

Amid pressure from the industry to disclose how and when the Future Fund will deploy its near $50 billion assets, general manager Paul Costello stressed their main focus remains on building the right operational and investment infrastructure first.

Avanteos loses $7 billion Goldman Sachs mandate

Colonial First State (CFS) has lost a $7.1 billion Goldman Sachs JBWere mandate from its Avanteos platform, according to the CBA's third quarter trading update that was released yesterday.

Disclose what you invest in: ACSI

Australian Council of Superannuation Investors (ACSI) president, Michael O'Sullivan, has welcomed an updated fund governance standard but said super funds should improve their disclosure around which companies they invest in.

Germany rebuffed on hedge fund regulation call

CHRIS NICHOLLS  |  WEDNESDAY, 18 APR 2007
The International Monetary Fund (IMF) has rejected calls by Germany to increase hedge fund regulation, saying responsible macroeconomic government policies are a better solution.

Overseas investors target Aussie super fund cash flows

CHRIS NICHOLLS  |  WEDNESDAY, 18 APR 2007
Large numbers of overseas investment managers are targeting Australian super funds as they look to profit from the huge cash flows on offer, according to deputy managing director of Frontier Investment Consulting, Kristian Fok.

Macq and UNSW do the maths

Macquarie Bank has teamed up with academics at the University of New South Wales (UNSW) to develop a faster mathematical method to calculate the risks of investing in highly complex finance products.

Institutions more comfortable with hedge funds: State Street

CHRIS NICHOLLS  |  TUESDAY, 17 APR 2007
State Street's third institutional investor hedge fund study shows more institutional investors are comfortable investing in hedge funds today than 12 months ago.