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Superannuation

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.

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.