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Superannuation

Mellon scores GESB global mandate

HAMISH MADDEN  |  THURSDAY, 1 FEB 2007
Mellon Global Investments Australia has been awarded a global equity mandate from the Government Employees Superannuation Board (GESB).

State Street ploughs $715m into online FX

State Street Corporation is to buy online foreign exchange trading platform Currenex for more than $715 million (US$564 million), increasing its foothold in the rapidly growing online foreign exchange sector.

Overseas investors drive hedge funds: Report

A new report into the hedge fund industry by specialist consultant John Glass and Rainmaker has found while the local hedge fund market is $22 billion, it's becoming a big exporter with one quarter of the money being managed for overseas investors.

Banks to brace for bumpier ride: Fitch

Global ratings agency Fitch Ratings predicts that the earnings growth of the country's largest banks will likely be 'moderate' this year compared to last year due to increased competition for the consumer dollar and lesser housing finance deals.

Macquarie gives $11 million helping hand

NICK OLIVER  |  WEDNESDAY, 17 JAN 2007
Macquarie Bank Foundation and staff contributed over $11 million to more than 400 community organisations in 2006, making it one of the leading benefactors to the community sector.

HESTA gives members free super advice

HAMISH MADDEN  |  WEDNESDAY, 17 JAN 2007
HESTA Super Fund has announced it will offer all its members free superannuation planning advice in the workplace through its network of Superannuation Service Advisers (SSA).

Financial Standard signing off for 2006

HAMISH MADDEN  |  WEDNESDAY, 20 DEC 2006
This is the last daily news from Financial Standard for 2006 and we wish all our readers a very happy and safe Christmas and a prosperous - and profitable - New Year.

SELECT tops hedge fund ratings

HAMISH MADDEN  |  WEDNESDAY, 20 DEC 2006
Two of Select Asset Management's (SELECT) alternative investment funds have topped Standard & Poor's (S&P) hedge fund rankings with both receiving five star ratings.

Aviva upgrades investments and direct share access

ALEX DUNNIN  |  WEDNESDAY, 20 DEC 2006
Aviva has added 25 new investment choices to its Personal Retirement Plan and the Personal Investment Plan investment menus while the Personal Retirement Plan has also increased the range of ASX listed shares available.

Optimum gets a pre-Christmas product upgrade

ALEX DUNNIN  |  WEDNESDAY, 20 DEC 2006
Asteron has announced a range of improvements to its Optimum corporate and personal super platforms, ranging from new investment choices, family-linked accounts and improved insurance cover.