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Superannuation

Perpetual enters lending business with Wignalls

Perpetual has expanded its corporate trust arm by buying Adelaide-based company Wignalls Lenders Mortgage Services (Wignalls).

Stenham wins best long-term FOHF

HAMISH MADDEN  |  FRIDAY, 16 FEB 2007
London based fund of hedge funds (FOHF) specialist Stenham Asset Management has started 2007 in style, being awarded the Best Long-Term Achievement Award at the European Hedge Fund of Funds Awards.

Ignore global benchmarks: Aberdeen

HAMISH MADDEN  |  FRIDAY, 16 FEB 2007
Global benchmarks don't offer much in the way of diversification, according to Aberdeen Asset Management, but a well constructed global equities portfolio can offer investors one of the most effective means of diversification available.

T. Rowe Price wins Russell global equities mandate

HAMISH MADDEN  |  FRIDAY, 16 FEB 2007
Russell Investment Group has appointed T. Rowe Price International to manage a global equities mandate worth 15 per cent of its Global Opportunities Fund.

Kiwibank and AMP join forces

WWW.THESHEET.COM  |  FRIDAY, 16 FEB 2007
Kiwibank announced yesterday that it would take over the management of AMP-originated loans in New Zealand and develop an ongoing home loan venture with the Australian financial services group.

Dig deeper to find value in hedge funds: Permal

HAMISH MADDEN  |  THURSDAY, 15 FEB 2007
Hedge funds and their returns should not be a mystery, according to fund of hedge funds (FOHF) specialist Permal Group, even if the hedge fund moniker is now so widely bandied around it is next to useless.

AFS reflects on a good year

HAMISH MADDEN  |  THURSDAY, 15 FEB 2007
On the back of a year which saw Australian Financial Services (AFS) return to being 100 per cent adviser owned, the dealer group announced it had also achieved 40 per cent growth in profitability and finished the year with 21 additional practices.

Vision Super eyes shopping sprees in China

Vision Super plans to cash in on China's economic growth by awarding a $38.5 million property mandate to the Macquarie Wanda Real Estate Fund, an investment vehicle focusing on Chinese shopping centres.

LGSS paints $400m in property green

The Local Government Superannuation Scheme (LGSS) is planning to implement a Sustainable and Responsible Investment (SRI) policy across its $400 million property portfolio, a step change that other super funds could soon follow as environmental issues ...

NZ Super responds to SRI attack by Greens Party

NICK OLIVER  |  TUESDAY, 13 FEB 2007
The New Zealand Superannuation Board has responded to an attack from the NZ Greens Party that alleged they were investing in companies that manufacture nuclear weapons and cluster bombs.