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Superannuation

MetLife sells annuity business to Challenger

ALEX DUNNIN  |  WEDNESDAY, 28 FEB 2007
MetLife Insurance has entered into an agreement to transfer ownership its annuity and pension business to Challenger Life.

AXA wins Morningstar's Fund Manager of the Year

NICK OLIVER  |  TUESDAY, 27 FEB 2007
AXA/AllianceBernstein has taken out Morningstar's 2006 Fund Manager of the Year, holding off the other two finalists AMP Capital Investors and Barclays Global Investors to take home the top honours.

Principal kicks off global listed property fund

NICK OLIVER  |  TUESDAY, 27 FEB 2007
Principal Global Investors has launched the Principal Global Property Securities Fund giving investors access to a range of global listed real estate opportunities.

Macq and Citi offer best of more worlds

The brainiacs at Macquarie and Citigroup have been busy creating products that offer investors the best of both worlds, letting investors scoop up all the returns of the best performing investments and none of the losses from the worst.

Reverse mortgages to mature: SEQUAL

HAMISH MADDEN  |  TUESDAY, 27 FEB 2007
Increased competition in the reverse mortgage industry will see product providers fine-tuning their existing products and contracts rather than rushing new products to market, according to Keiren Dell, chief executive officer of the Senior Australians ...

Understanding will drive hedge funds

HAMISH MADDEN  |  MONDAY, 26 FEB 2007
Presenting the findings of a comprehensive study into the Australian hedge funds landscape this morning, specialist industry consultant Dr Jon Glass said capacity constraints were a non-issue and further growth would be driven by trustees becoming more ...

...meanwhile hedge fund sector returns can be synthesised

ALEX DUNNIN  |  MONDAY, 26 FEB 2007
State Street Global Advisors (SSgA) said most of the returns for the hedge fund sector can be explained by their asset allocation, meaning it is possible to assemble a synthetic investment strategy to mimic hedge fund sector returns.

Fidelity Aussie Fund Manager of the Year

NICK OLIVER  |  MONDAY, 26 FEB 2007
Morningstar has named Fidelity International its Austrailan equities Fund Manager of the Year 2006.

Challenger buys into Homeloans

WWW.THESHEET.COM  |  MONDAY, 26 FEB 2007
Perth based home loan originator and funder Homeloans Limited has found itself a long-term business partner and investor in the form of Challenger Financial Services Group.

Morningstar buys S&P managed fund data business

Listed investment research group Morningstar has acquired Standard & Poor's (S&P) mutual fund data businesses globally for $70 million ($US55 million) in cash, a move that effectively gives Morningstar a 'monopoly' on managed funds data in Australia.